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المادة 1
Article (1) Definitions The definitions set out in Federal Decree by Law No. (46) of 2023 referred to above shall apply for the purposes of this Resolution. Without prejudice to the foregoing, the following terms and expressions shall have the meanings assigned to each of them, unless the context requires otherwise:
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Cabinet Resolution of 2025 Regarding the Regulations Ensuring Compensation for Damage Caused to Third Parties during the Conduct of Space Activities and Other Activities Related to the Space Sector (Third Party Liability) 2 Authorization Regulations : The regulations governing the Authorizations of Space Activities and Other Activities Related to the Space Sector, as in force at the Agency. Insurance Contract : A contract concluded between an insurance company (and, where applicable, an insurance broker), the Operator, and any other insured entities, under which the insurance company undertakes to pay Compensation to the Operator where Damage occurs thereto or is caused thereby to a contracting party or a third party, or to pay Compensation to the beneficiaries specified in the Insurance Contract, in consideration of the insured’s payment of insurance premiums to the insurance company or insurance broker, as applicable. Insured : The Operator, or, as the case may be, other entities covered by the Insurance Contract, including the owner of the Space Object, who is a party to the Insurance Contract and is obligated to pay the insurance premiums due to the insurance company in consideration for coverage of the risks specified therein. Compensation Guarantee Instrument : The document submitted to the Agency by an Authorization applicant or Authorized Operator evidencing its financial capacity, whether directly, through a guarantor, or by means of an insurance policy, to satisfy the liability compensation limit in respect of Damage caused to a third party arising from the conduct of, or participation in, a specific Space Activity or Other Activity Related to the Space Sector.
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Cabinet Resolution of 2025 Regarding the Regulations Ensuring Compensation for Damage Caused to Third Parties during the Conduct of Space Activities and Other Activities Related to the Space Sector (Third Party Liability) 3 Maximum Probable Loss (MPL) : The aggregate of potential material losses arising from an Accident or Incident caused by the Operator, resulting in loss of life, personal injury, health impairment, environmental losses, or property damage or loss.
