Azerbaijan, Baku, Aug.9 / Trend H.Veliyev /
JSC Azerkosmos signed an agreement with the British insurance broker Marsh on insurance of Azerbaijan's first telecommunication satellite Azerspace-1, JSC Azerkosmos told Trend on Thursday.
The contract was signed for a year and envisages defrayal of all costs in case of any accidents that will allow JSC Azerkosmos to continue work within satellite program Azerspace-1 at the expense of insurance indemnities.
Azerbaijan's first telecommunication satellite (Azerspace-1) will be delivered to the Kourou spaceport in late 2012, and its launch is scheduled for early 2013.
The French Arianspace will send the satellite into orbit.
Azerspace's manufacturer is Orbital Sciences Corporation. An orbital position of 46 degrees east longitude has been leased from Malaysian satellite operator MEASAT.