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http://dx.doi.org/10.5394/KINPR.2011.35.5.455

A Study on the Some Considerations of Coverage of Losses caused by Radioactive Contamination in the Marine Insurance  

Hong, Sung-Hwa (Division of Maritime Transportation Science, Korea Maritime University)
Publication Information
Journal of Navigation and Port Research / v.35, no.5, 2011 , pp. 455-462 More about this Journal
Abstract
The accident in the Fukushima nuclear plant caused by the Great East Japan Earthquake on March 11, 2011 is raising voices concerning over radioactive contamination losses. In particular, radioactive contamination losses threaten the safe navigation of vessels, and may impair seafarers' safety and impede the healthy growth of world economy through marine transportation. In case vessels or cargos suffer radioactive contamination losses, it will take a high cost to remove the radioactive contaminants, and in worse cases the contaminated vessels or cargos may have to be abandoned. Furthermore, if seamen are exposed to radioactivity, their treatment can be raised as a crucial issue. Nevertheless, it has not been reviewed clearly by what method and on what ground such losses should be covered in case radioactive contamination losses take place. Thus, this study purposed to review coverage for radioactive contamination losses in marine insurance as an ex post preparation for damages caused by radioactive contamination.
Keywords
Fukushima Nuclear Plant; Earthquake; Radioactive Contamination; Marine Transportation; Marine Insurance;
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