India ratified the convention after five years of signing the Convention on Supplementary Compensation for Nuclear Damage (CSC). The CSC is a convention that allows for increasing the compensation amount in the event of a nuclear incident through public funds pooled in by contracting parties based on their own installed nuclear capacities.
It entered into force on April 15, 2015. India had also passed its own domestic nuclear liability law, the Civil Law for Nuclear Damage (CLND) Act in 2010. Countries such as the U.S. have said that the Indian law’s provisions are violative of the CSC, but this has been denied by India. India has ratified Convention on Supplementary Compensation for Nuclear Damage (CSC), 1997 which sets parameters on a nuclear operator’s financial liability. In this regard, India has submitted the Instrument of Ratification of the CSC to the International Atomic Energy Agency (IAEA) and shall come into force after 90 days i.e May 2016. Benefits Facilitate and boost India’s nuclear commerce with international partners. Contribute to strengthen an international convention and global nuclear liability regime.
About Convention on Supplementary Compensation for Nuclear Damage
CSC Seeks to establish a uniform global legal regime for compensation to victims in the unlikely event of a nuclear accident. It was adopted on 12 September 1997. It can enter into force after ratification by at least 5 countries having minimum of 400,000 units of installed nuclear capacity. It has been framed in consistent with the principles of Vienna Convention on Civil Liability for Nuclear Damage (1963) and the Paris Convention on Third Party Liability in the Field of Nuclear Energy (1960). It provides a uniform framework for channeling liability and providing speedy compensation after the nuclear accident. Seeks to encourage regional and global co-operation to promote a higher level of nuclear safety in accordance with the principles of international partnership and solidarity. All states are free to participate in it regardless of their presence of nuclear installations on their territories or involvement in existing nuclear liability conventions. India had signed it in 2010 for delivering its commitments for stemming the landmark 2005 nuclear agreement with the United States.