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Risk management in commercial launches
Authors:Julin Hermida
Institution:Julián Hermida
Abstract:The article explores the way so-called legal space risks are managed in US commercial space transportation. Risk management in the space transportation field is a highly regulated process, thus allowing practically no possibility of deviating from the system stemming from such regulation. Such a system arises from the legislation, basically the Commercial Space Launch Act, and the agreements. This risk-management structure is characterized by the transfer of risks from the space launch provider to both the user and the government and by the ensuing launcher's limitation of liability.
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