Antarctic Treaties Act, 1996 (Act No. 60 of 1996)RegulationsAntarctic Treaties Regulations, 2021Chapter 3 - Liability arising from Environmental Emergencies15. Insurance and other financial security |
| (1) | Any authorised operator other than a government operator, operating in or located within the Antarctic Treaty area shall maintain adequate insurance or other financial security, such as the guarantee of a bank or similar financial institution, to cover liability under these regulations up to the applicable limits contemplated in regulation 14. |
| (2) | An authorised operator other than a government operator, must also have sufficient insurance or provide an equivalent guarantee for costs of any kind incurred by an organ of state or other person in connection with any searches, rescue operations or medical transport that have to be carried out in relation to the activity in the Antarctic Treaty area. The insurance or guarantee must cover such expenses irrespective of any negligence by the authorised operator or any other person in the expedition or involved in the activity. |
| (3) | The Minister must, prior to issuing a permit in terms of these regulations, determine whether the insurance or guarantee provided in terms of sub-regulation (2) is sufficient. |