Acronyms and Abbreviations

• Author: Directorate-General for Energy (European Commission), ENCO
• Pages: 7-7

Final Report - MOVE/ENER/SRD/2016-498 Lot 2

Study on the insurance, private and financial markets in the field of nuclear third party liability

Page 7

ACRONYMS AND ABBREVIATIONS

Abbreviation or

Acronym

Description

BP

British Petroleum

BSC

1963 Brussels Convention Supplementary to the 1960 Paris Convention

BSSD

Basic Safety Standards Directive

CLC

Civil Liability Convention

CLEE

Convention of Civil Liability for Oil Pollution Damage resulting from Exploration for and

Exploitation of Seabed Mineral Resources

CSC

1997 Convention on Supplementary Compensation for Nuclear Damage

EC

European Commission

EIOPA

European Insurance and Occupational Pensions Authority

ELINI

European Liability Insurance for Nuclear Installations

EMANI

European Mutual Association for Nuclear Insurance

ENO

Extraordinary Nuclear Occurrence

EU

European Union

FS

Financial security

HoD

Head(s) of damage

IAEA

International Atomic Energy Agency

ICRP

Industry Credit Rating Plan

ILS

Insurance Linked Securities

ILW

Insured Loss Warranty

INES

International Nuclear Event Scale

INLEX

International Expert Group on Nuclear Liability (formed by IAEA)

IOPC

International Oil Pollution Compensation Fund

JP

1988 Joint Protocol Relating to the Application of the Vienna Convention and t he Paris

Convention

MGA

Managing General Agent

MS

EU member state

NEA

Nuclear Energy Agency (part of the OECD)

NEIL

Nuclear Electric Insurance Limited

NIRA

Nuclear Industry Reinsurance Association

NPP

Nuclear power plant

NRC

Nuclear Regulatory Commission (US nuclear regulator)

NTPL

Nuclear Third-Party Liability

OECD

Organisation for Economic Cooperation and Development

OPOL

Offshore Oil Pollution Liability Agreement

P&I

Protection and Indemnity

PC

1960 Paris Convention on Third Party Liability in the Field of Nuclear Energy

PGE

Protection Gap Entity

RBC

2004 Protocol to amend the Brussels Supplementary Convention

RCE

Radioactive contamination exclusion (clause)

RPC

2004 Paris Convention on Nuclear Third-Party Liability

RVC

1997 Vienna Convention on Civil Liability for Nuclear Damage

SA

Solidarity agreement

SDR

Special Drawing Rights

SFP

Secondary financial protection layer (US operator pooling)

SME

Small and medium sized enterprises

TEPCo

Tokyo Electric Power Company

UK

United Kingdom of Great Britain and Northern Ireland

US/USA

United States of America

VC

1963 Vienna Convention on Civil Liability for Nuclear Damage

WENRA

Western European Nuclear Regulators' Association

WNA

World Nuclear Association