Brussels Supplementary Convention on Nuclear Third Party Liability
The Brussels Supplementary Convention on Nuclear Third Party Liability is a supporting agreement for the Paris Convention of 1960. The Supplementary Convention aims to ensure that sufficient funds are available in the event that the funds provided within the guidelines of the Paris Convention are deemed insufficient owing to the severity of the nuclear damage caused. By stipulating that state funds should be used, not just from the state which the installation is based, but from all State Parties of the Brussels Supplementary Convention, the financial burden on individual operators and State Parties is significantly lessened. The Paris Convention and therefore the Brussels Supplementary Convention applies to all cases of nuclear damage that occur on the territory of State Parties and on or over international waters. The Supplementary Convention builds on the Paris Convention by setting the limit of compensation at 300 million special drawing rights of which 125 million is to be provided from a joint fund set up by the State Parties.