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.
UK Government lowers launch requirement for 3rd Party insurance cover
About Seradata
Seradata produce the renowned Seradata database. Trusted by over 100 of the world’s leading Space organisations, Seradata is a fully queryable database used for market analysis, failure/risk assessment, spectrum analysis and space situational awareness (SSA).
For more information go to https://www.seradata.com/product/
Related Articles
[caption id="attachment_118401" align="alignright" width="219"] Falcon 9v1.2FT Block 5 launches Starlink Group 6-30. Courtesy: SpaceX[/caption] SpaceX successfully launched a Falcon 9v1.2FT Read more
A Long March-2D/YZ-3 (CZ-2D/YZ-3) rocket was launched from Xichang Satellite Launch Center at 1000 GMT on 23 November 2023. The Read more
A Falcon 9v1.2FT Block 5 rocket launched from Vandenberg, California, USA, on 20 November 2023. The pad used was SLC-4E. Read more
Launching at 1342 GMT on 21 November a North Korean Chollima-1 rocket has reportedly successfully placed an optical reconnaissance satellite Read more
China's launched the Haiyang 3A (aka HY3-01) ocean colour monitoring satellite at 0355 GMT on 16 November 2023. The rocket Read more
While the Starship second launch (IFT-2) from Boca Chica, Texas, on 18 November, gained all the headlines, earlier the same Read more
After its maiden flight failure, the follow-up Starship IFT-2 test flight had been long awaited. There had been long delays Read more
Galactic energy has released the results of the investigation into the Ceres-1 launch failure in September which lost the Jilin Read more
A Falcon 9v1.2FT Block 5 rocket launched the Transporter-9 multi-satellite rideshare mission from the Vandenberg Space Force Base, California, USA, Read more