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Azerbaijan insures 'Azerspace-1' satellite in UK's company
Thu 09 August 2012 09:00 GMT | 10:00 Local Time
An agreement was signed with UK's `Marsh' insurance broker for the
insurance of Azerbaijan's first telecommunication satellite
`Azerspace-1' for placing the satellite to orbit and its one-year use
in the orbit.
According to information, it was achieved to obtain the lowest and
advantageous tariff that was recorded in space insurance market from
1999 up to now, press service of the `Azercosmos' OJSC told APA.
Its main reason is the choosing of successful and satellite and launch
by the Ministry of Communications and IT as a result of long-term
research and negotiations and cooperation with US `Orbital Sciences'
and France's `Arianespace' for production of satellite and missile
carrier due to placing of Azerbaijan's first telecommunication
satellite to the orbit.
The several factors as constant participation of `Azercosmos' OJSC's
specialists on human resources and technical spheres in refresher
courses and trainings abroad, including purposeful and effective use
of experience of foreign countries had a positive effect on obtaining
an advantageous insurance.
The detailed researches were carried out on international space
insurance services and preference was given to the companies highly
rated by Standard&Poor.
According to agreement on launching `Azerspace-1' telecommunication
satellite and its one-year use in the orbit, in case of any accidents,
Azercosmos OJSC will have a chance to continue the `Azerspace-1'
project on account of insurance expenses.
`Azerspace-1' telecommunication satellite will be launched late
2012-early 2013 from Kuru space port in the French Guiana in South
America.
News.Az
Thu 09 August 2012 09:00 GMT | 10:00 Local Time
An agreement was signed with UK's `Marsh' insurance broker for the
insurance of Azerbaijan's first telecommunication satellite
`Azerspace-1' for placing the satellite to orbit and its one-year use
in the orbit.
According to information, it was achieved to obtain the lowest and
advantageous tariff that was recorded in space insurance market from
1999 up to now, press service of the `Azercosmos' OJSC told APA.
Its main reason is the choosing of successful and satellite and launch
by the Ministry of Communications and IT as a result of long-term
research and negotiations and cooperation with US `Orbital Sciences'
and France's `Arianespace' for production of satellite and missile
carrier due to placing of Azerbaijan's first telecommunication
satellite to the orbit.
The several factors as constant participation of `Azercosmos' OJSC's
specialists on human resources and technical spheres in refresher
courses and trainings abroad, including purposeful and effective use
of experience of foreign countries had a positive effect on obtaining
an advantageous insurance.
The detailed researches were carried out on international space
insurance services and preference was given to the companies highly
rated by Standard&Poor.
According to agreement on launching `Azerspace-1' telecommunication
satellite and its one-year use in the orbit, in case of any accidents,
Azercosmos OJSC will have a chance to continue the `Azerspace-1'
project on account of insurance expenses.
`Azerspace-1' telecommunication satellite will be launched late
2012-early 2013 from Kuru space port in the French Guiana in South
America.
News.Az