UK Government lowers launch requirement for 3rd Party insurance cover

by | May 2, 2014 | Add category, commercial launch services, Seradata News | 0 comments

As the chances of having orbital and suborbital launch vehicles operating from UK territory increases, in a proposed modification to the Outer Space Act, the Government of the United Kingdom plans to lower the requirement to provide insurance cover for third party damage for launches from its territory from £80 million to £60 million.  Under the space, law a nation state is responsible for all launches flown from its territory and for any third party liability.  Most nations offer to cover this providing that their launch vehicle operators [provide] purchase an insurance policy to cover most eventualities of claims.  To date UK’s only orbit capable rocket, the Black Arrow, was launched from Woomera, Australia.

About Seradata

Seradata produce the renowned SpaceTrak Launch & Satellite Database. Trusted by 100 of the world’s leading Space organisations, SpaceTrak is a fully queryable database used for market analysis, failure/risk assessment, spectrum analysis and space situational awareness (SSA).

For more information go to www.seradata.com/spacetrak

Related Articles

China launches 16 EO sats on a Long March 6 rocket

China launched a Long March 6 (CZ-6) rocket at 0450 GMT on 10 August from the Taiyuan Satellite Launch Center. Read more

Launch on 9 August: a Ceres-1 rocket flies successfully again on third flight

Galactic Energy of China launched the third Ceres-1 (aka Gushenxing-1) solid rocket four-stage launch vehicle successfully with its lift off Read more

Firefly to help build Antares 330 stage after Russian engine supply halted

Northrop Grumman Corporation and launch vehicle manufacturer Firefly Aerospace have joined forces to provide an American-built first-stage upgrade for the Read more

On a sadder note: Goodbye Lieutenant Uhura

Nichelle Nichols, the actress who played Lt Nyota Uhura, communications officer to the USS Enterprise, in the Star Trek science Read more

India’s quick response SSLV small launch vehicle fails on first mission

The maiden flight of India's latest rocket, the SSLV, has gone wrong. After an apparent successful launch from the Satish Read more

China launches carbon monitoring environmental satellite

China successfully launched a Long March 4B (CZ-4B) rocket from the Taiyuan Satellite Launch Center at 0308 GMT on 4 Read more

From South Korea to the Moon: “Danuri” launches successfully

SpaceX successfully launched a Falcon 9v1.2FT Block 5 rocket from Cape Canaveral, USA at 2308 GMT on 4 August. The Read more

End of the line for Astra Rocket 3.3 design as company moves on to bigger rocket

According the success/failure ratio on the Seradata SpaceTrak database, the Astra Rocket 3 series cannot be called a reliable launch Read more

Categories

Archives