Civil Liability
Insurance of nuclear vessels is not like the insurance of conventional ships. The consequences of an accident could span national boundaries, and the magnitude of possible damage is beyond the capacity of private insurers. A special international agreement, the Brussels Convention on the Liability of Operators of Nuclear Ships, developed in 1962, would have made signatory national governments liable for accidents caused by nuclear vessels under their flag but was never ratified owing to disagreement on the inclusion of warships under the convention. Nuclear reactors under United States jurisdiction are insured by the provisions of the Price Anderson Act.
Read more about this topic: Nuclear Marine Propulsion
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