Microsoft Word w50303 5 doc | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |[.]
BRITISH STANDARD Group I, Category M1 equipment intended to remain functional in atmospheres endangered by firedamp and/or coal dust The European Standard EN 50303:2000 has the status of a British Standard ICS 29.260.20 NO COPYING WITHOUT BSI PERMISSION EXCEPT AS PERMITTED BY COPYRIGHT LAW | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | BS EN 50303:2000 BS EN 50303:2000 National foreword This British Standard is the official English language version of EN 50303:2000 The UK participation in its preparation was entrusted to Technical Committee GEL/31, Electrical apparatus for use in explosve atomspheres, which has the responsibility to: Ð aid enquirers to understand the text; Ð present to the responsible European committee any enquiries on the interpretation, or proposals for change, and keep the UK interests informed; Ð monitor related international and European developments and promulgate them in the UK A list of organizations represented on this committee can be obtained on request to its secretary Cross-references The British Standards which implement international or European publications referred to in this document may be found in the BSI Standards Catalogue under the section entitled ªInternational Standards Correspondence Indexº, or by using the ªFindº facility of the BSI Standards Electronic Catalogue A British Standard does not purport to include all the necessary provisions of a contract Users of British Standards are responsible for their correct application Compliance with a British Standard does not of itself confer immunity from legal obligations Summary of pages This document comprises a front cover, an inside front cover, the EN title page, pages to 21 and a back cover The BSI copyright notice displayed in this document indicates when the document was last issued This British Standard, having been prepared under the direction of the Electrotechnical Sector Committee, was published under the authority of the Standards Committee and comes into effect on 15 November 2000 BSI 11-2000 ISBN 580 36533 Amendments issued since publication Amd No Date Comments (1 (8523($167$1'$5' 1250((8523e(11( (8523b,6&+(1250 -XO\ ,&6 (QJOLVKYHUVLRQ *URXS,&DWHJRU\0HTXLSPHQW LQWHQGHGWRUHPDLQIXQFWLRQDOLQDWPRVSKHUHVHQGDQJHUHG E\ILUHGDPSDQGRUFRDOGXVW $SSDUHLOVGXJURXSH,GHFDWpJRULH0 GHVWLQpVjUHVWHUHQRSpUDWLRQGDQVOHV DWPRVSKqUHVH[SRVpHVDXJULVRXHWRXj ODSRXVVLqUHGHFKDUERQ *UXSSH,.DWHJRULH0*HUlWH IUGHQ(LQVDW]LQ$WPRVSKlUHQ GLHGXUFK*UXEHQJDVXQGRGHU EUHQQEDUH6WlXEHJHIl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p(XURSpHQGH1RUPDOLVDWLRQ(OHFWURWHFKQLTXH (XURSlLVFKHV.RPLWHHIU(OHNWURWHFKQLVFKH1RUPXQJ &HQWUDO6HFUHWDULDW UXHGH6WDVVDUW%%UXVVHOV &(1(/(& $OOULJKWVRIH[SORLWDWLRQLQDQ\IRUPDQGE\DQ\PHDQVUHVHUYHGZRUOGZLGHIRU&(1(/(&PHPEHUV 5HI1R(1 ( 3DJH (1 &RQWHQWV 3DJH )RUHZRUG ,QWURGXFWLRQ 6FRSH 1RUPDWLYHUHIHUHQFHV 'HILQLWLRQV *HQHUDO &DWHJRU\0HTXLSPHQWKDYLQJWKHUHTXLVLWHOHYHORISURWHFWLRQLQWKHHYHQWRI WZRIDXOWVRFFXUULQJLQGHSHQGHQWO\RIHDFKRWKHU &DWHJRU\0HTXLSPHQWKDYLQJWKHUHTXLVLWHOHYHORISURWHFWLRQXVLQJDVHFRQG LQGHSHQGHQWPHDQV 5HTXLUHPHQWVIRU&DWHJRU\0IODPPDEOHJDVGHWHFWRUVZLWKKRWZLUHRU KRWSHOOLVWRUVHQVLQJKHDGV 5HTXLUHPHQWVIRU&DWHJRU\0V\VWHPV 7\SHWHVWLQJ 0DUNLQJUHTXLUHPHQWV ,QVWUXFWLRQV %6, 3DJH (1 )RUHZRUG 7KLV (XURSHDQ 6WDQGDUG ZDV SUHSDUHG MRLQWO\ E\ :RUNLQJ *URXS RI WKH 7HFKQLFDO &RPPLWWHH &(1(/(& 7& DQG :RUNLQJ *URXS RI WKH 7HFKQLFDO &RPPLWWHH &(1 7& WR LPSOHPHQW WKH PDQGDWH JLYHQ WR &(1 DQG &(1(/(& E\ WKH (XURSHDQ &RPPLVVLRQ DQG WKH (XURSHDQ )UHH 7UDGH $VVRFLDWLRQ WR VHW GRZQ UHTXLUHPHQWV IRU WKH GHVLJQ DQG FRQVWUXFWLRQ RI HTXLSPHQW LQ VXSSRUW RI WKH HVVHQWLDOVDIHW\DQGKHDOWKUHTXLUHPHQWVGHVFULEHGLQDQQH[,FODXVHDQGDQQH[,,FODXVHRIWKH (XURSHDQ $UWLFOH $ 'LUHFWLYH (& (TXLSPHQW DQG 3URWHFWLYH 6\VWHPV LQWHQGHG IRU 8VH LQ 3RWHQWLDOO\([SORVLYH$WPRVSKHUHV 7KHWH[WRIWKHGUDIWZDVVXEPLWWHGWRWKHIRUPDOYRWHDQGZDVDSSURYHGE\&(1(/(&DV(1RQ 7KHIROORZLQJGDWHVZHUHIL[HG ± ODWHVWGDWHE\ZKLFKWKH(1KDVWREHLPSOHPHQWHG DWQDWLRQDOOHYHOE\SXEOLFDWLRQRIDQLGHQWLFDO QDWLRQDOVWDQGDUGRUE\HQGRUVHPHQW GRS ±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³VWDQGDORQH´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¶ &DSOLJKWV ZKLFK DUH GHDOW ZLWK LQ SU(1 LQ SUHSDUDWLRQ 127( $V WKH HQHUJ\ QHHGHG WR LJQLWH D FRDO GXVWDLU FORXG LV LQ H[FHVV RI WLPHV WKDW QHHGHG WR LJQLWH D ILUHGDPSDLU PL[WXUHWKLVVWDQGDUGDVVXPHVWKDWSURYLGHGLQWULQVLFDOO\VDIH³LD´FLUFXLWVDUHFRQVWUXFWHGWREHVDIHLQDQH[SORVLYHDWPRVSKHUHRI ILUHGDPSDLUWKHQVXFKFLUFXLWVDUHQRWFDSDEOHRIGLUHFWO\LJQLWLQJDQH[SORVLYHDWPRVSKHUHRIFRDOGXVWDLU %DVHGRQWHVWVSHUIRUPHGE\VHYHUDOPHPEHUVWDWHODERUDWRULHV9HULILHGDWWKH8.+HDOWK 6DIHW\/DERUDWRULHV%X[WRQ5HSRUW E\'U37ROVRQGDWHG $XJXVW ±³,JQLWLRQRIFRDOGXVWDLUPL[WXUHVXVLQJDPRGLILHG,(&VSDUNWHVWDSSDUDWXV´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± ³(OHFWULFDODSSDUDWXVDQGV\VWHPVIRUXVHZKHQWKHFRQFHQWUDWLRQRIILUHGDPSH[FHHGVWKHVWDWXWRU\OLPLWIRUHOHFWULFLW\´ %6, 3DJH (1 1RUPDWLYHUHIHUHQFHV 7KLV(XURSHDQ6WDQGDUGLQFRUSRUDWHVE\GDWHGRUXQGDWHGUHIHUHQFHSURYLVLRQVIURPRWKHUSXEOLFDWLRQV 7KHVHQRUPDWLYHUHIHUHQFHVDUHFLWHGDWWKHDSSURSULDWHSODFHVLQWKHWH[WDQGWKHSXEOLFDWLRQVDUHOLVWHG KHUHDIWHU )RU GDWHG UHIHUHQFHV VXEVHTXHQW DPHQGPHQWV WR RU UHYLVLRQV RI DQ\ RI WKHVH SXEOLFDWLRQV DSSO\ WR WKLV (XURSHDQ 6WDQGDUG RQO\ ZKHQ LQFRUSRUDWHG LQ LW E\ DPHQGPHQW RU UHYLVLRQ )RU XQGDWHG UHIHUHQFHVWKHODWHVWHGLWLRQRIWKHSXEOLFDWLRQUHIHUUHGWRDSSOLHV (1 (OHFWULFDODSSDUDWXVIRUSRWHQWLDOO\H[SORVLYHDWPRVSKHUHV *HQHUDOUHTXLUHPHQWV (1 (OHFWULFDODSSDUDWXVIRUSRWHQWLDOO\H[SORVLYHDWPRVSKHUHV 3UHVVXUL]HGDSSDUDWXV³S´ (1 (OHFWULFDODSSDUDWXVIRUSRWHQWLDOO\H[SORVLYHDWPRVSKHUHV 3RZGHUILOOLQJ³T´ (1 (OHFWULFDODSSDUDWXVIRUSRWHQWLDOO\H[SORVLYHDWPRVSKHUHV )ODPHSURRIHQFORVXUH³G´ (1 (OHFWULFDODSSDUDWXVIRUSRWHQWLDOO\H[SORVLYHDWPRVSKHUHV ,QFUHDVHGVDIHW\³H´ (1 (OHFWULFDODSSDUDWXVIRUSRWHQWLDOO\H[SORVLYHDWPRVSKHUHV ,QWULQVLFVDIHW\³,´ (1 (OHFWULFDODSSDUDWXVIRUSRWHQWLDOO\H[SORVLYHDWPRVSKHUHV (QFDSVXODWLRQ³P´ SU(1 1RQHOHFWULFDOHTXLSPHQWIRUSRWHQWLDOO\H[SORVLYHDWPRVSKHUHV 3DUW %DVLFPHWKRGRORJ\DQGUHTXLUHPHQWV SU(1 1RQHOHFWULFDOHTXLSPHQWIRUSRWHQWLDOO\H[SORVLYHDWPRVSKHUHV 3DUW 3URWHFWLRQE\IODPHSURRIHQFORVXUH³G´ SU(1 1RQHOHFWULFDOHTXLSPHQWIRUSRWHQWLDOO\H[SORVLYHDWPRVSKHUHV 3DUW 3URWHFWLRQE\LQKHUHQWVDIHW\ SU(1 1RQHOHFWULFDOHTXLSPHQWIRUSRWHQWLDOO\H[SORVLYHDWPRVSKHUHV 3DUW 3URWHFWLRQE\FRQVWUXFWLRQDOVDIHW\³F´ SU(1 1RQHOHFWULFDOHTXLSPHQWIRUSRWHQWLDOO\H[SORVLYHDWPRVSKHUHV 3DUW 3URWHFWLRQE\SUHVVXUL]DWLRQ³S´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³HTXLSPHQW´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³ORZHUH[SORVLYHOLPLW´WRLQWURGXFHDVDIHW\IDFWRU ILUHGDPS IODPPDEOHPL[WXUHRIJDVHVRUDQ\IODPPDEOHJDVQDWXUDOO\RFFXUULQJLQDPLQH 127( %HFDXVHILUHGDPS QRUPDOO\FRQVLVWVPDLQO\RIPHWKDQHWKHWHUP³ILUHGDPS´DQG³PHWKDQH´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³GRXEOHSURWHFWLRQ´RU³VDIHZLWKWZRIDXOW´FRQFHSWVRISURWHFWLRQGHVFULEHGLQDUHRYHUHODERUDWHDQG XQQHFHVVDU\IRUHTXLSPHQWZKLFKLVH[WUHPHO\XQOLNHO\WRFDXVHDQLJQLWLRQHYHQXQGHUPXOWLSOHIDXOWFRQGLWLRQVRIXVH([DPSOHVRI VXFK HTXLSPHQW DUH WKDW GHVFULEHG DV VLPSOH DSSDUDWXV LQ (1 RU VLPSOH PHFKDQLFDO DSSDUDWXV VXFK DV D YDQH W\SH DQHPRPHWHUXVHGWRPHDVXUHDLUIORZLQDPLQHURDGZD\ 5HTXLUHPHQWVIRUHOHFWULFDOHTXLSPHQW (OHFWULFDO HTXLSPHQW VKDOO LQ DGGLWLRQ WR PHHWLQJ WKH UHTXLUHPHQWV RI WKLV VWDQGDUG DOVR PHHW WKH UHTXLUHPHQWVRI*URXS,HTXLSPHQWLQ(1DQGPRGLILHGRUVXSSOHPHQWHGE\LIDSSURSULDWHRQHRU PRUHRIWKHUHOHYDQWHOHFWULFDORUQRQHOHFWULFDOH[SORVLRQSURWHFWLRQFRQFHSWVWDQGDUGVOLVWHGLQFODXVH 5HTXLUHPHQWVIRUQRQHOHFWULFDOHTXLSPHQW 1RQHOHFWULFDO HTXLSPHQW VKDOO LQ DGGLWLRQ WR PHHWLQJ WKH UHTXLUHPHQWV RI WKLV VWDQGDUG DOVR PHHW WKH *URXS,UHTXLUHPHQWVLQSU(1DQGPRGLILHGRUVXSSOHPHQWHGE\LIDSSURSULDWHRQHRUPRUHWKH UHOHYDQWHOHFWULFDORUQRQHOHFWULFDOH[SORVLRQSURWHFWLRQFRQFHSWVWDQGDUGVOLVWHGLQFODXVH 7\SHWHVWLQJ (TXLSPHQWVKDOOEHWHVWHGDFFRUGLQJWRWKHUHOHYDQWVXEFODXVHVRIFODXVH 7HPSHUDWXUHOLPLWV 7KHPD[LPXPVXUIDFHWHPSHUDWXUHRQHTXLSPHQWVKDOOQRWH[FHHG - &RQDQ\VXUIDFHZKHUHFRDOGXVWFDQIRUPDOD\HU - &ZKHUHFRDOGXVWLVQRWH[SHFWHGWRIRUPDOD\HU 7KH DPELHQW WHPSHUDWXUHV UDQJH VKDOO EH ±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³LD´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³LD´ FLUFXLW LWV LQVXODWLRQ VKDOO KDYH D UDGLDO WKLFNQHVV DSSURSULDWH WR WKH GLDPHWHU RI WKH FRQGXFWRU ,Q WKH FDVH RI SRO\HWK\OHQHWKLVVKDOOEHDPLQLPXPUDGLDOWKLFNQHVVRIPP %6, 3DJH (1 %HIRUHWKHPXOWLFRUHFDEOHOHDYHVWKHPDQXIDFWXUHU¶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³LD´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³LD´ DSSDUDWXVFRQIRUPLQJZLWK(1 DQG - LQWKHFDVHRIDFDEOHFRQWDLQLQJFLUFXLWVIRUPLQJSDUWVRIGLIIHUHQWLQWULQVLFDOO\VDIHHOHFWULFDO V\VWHPVHDFKLQWULQVLFDOO\VDIHFLUFXLWFRQWDLQHGLQWKHFDEOHVKDOOKDYHDVDIHW\IDFWRURIDW OHDVW IRXU WLPHV WKDW UHTXLUHG LI LW LV FRQVLGHUHG DV EHLQJ D VLQJOH LWHP RI LQWULQVLFDOO\ VDIH &DWHJRU\³LD´DSSDUDWXVFRQIRUPLQJZLWK(1 :KHUHDPXOWLFRUHFDEOHKDVQHLWKHUVXFFHVVIXOO\PHWWKHUHTXLUHPHQWVRIWKHGLHOHFWULFWHVWVQRU WKHUHTXLUHPHQWVRIDERYHDOOSRVVLEOHFRPELQDWLRQVRIIDXOWVEHWZHHQFRUHVRIWKHFDEOHVKDOOEH WDNHQ LQWR DFFRXQW LQ DGGLWLRQ WR HDFK RI WKH FLUFXLWV EHLQJ FRQVLGHUHG DV LI WKH\ ZHUH VLQJOH LWHPV RI &DWHJRU\³LD´DSSDUDWXVFRQIRUPLQJZLWK(1 %6, 3DJH (1 7KH GRFXPHQWV SURGXFHG E\ WKH PDQXIDFWXUHU RI WKH HTXLSPHQW RU LQWULQVLFDOO\ VDIH V\VWHP FRQWDLQLQJ WKH PXOWLFRUH FDEOHV DQG FLUFXLWV VKDOO VSHFLI\ WKH FRQGLWLRQV RI XVH UHVXOWLQJ IURP WKH DVVHVVPHQWGHVFULEHGLQ 7DEOH²6XPPDU\RILQWHUFRQQHFWLQJFDEOHUHTXLUHPHQWV &RUHLQVXODWLRQ 'LHOHFWULFWHVW LD@RU (([S(([LE>LD@RU (([S(([H>LD@ )LJXUH²&DWHJRU\0LQFUHDVHGVDIHW\³H´RULQWULQVLFDOO\VDIH³LE´DSSDUDWXVLQVLGH DIODPHSURRI³G´RUDSUHVVXUL]HG³S´HQFORVXUH %6, 3DJH (1 )ODPHSURRI³G´RU3UHVVXUL]HG³S´ HQFORVXUH &RQVWUXFWLRQDOVDIHW\F 0DUNLQJLQUHODWLRQWRWKHPHWKRGRISURWHFWLRQ VHH ,0 (([G(([FRU (([S(([F )LJXUH&DWHJRU\0FRQVWUXFWLRQDOVDIHW\àFảLQVLGHDIODPHSURRIàGảRU SUHVVXUL]HGàSảHQFORVXUH %6, 3DJH (1 (QFORVXUHZLWK(QFDSVXODWLRQ³P´RU 3RZGHUILOOLQJ³T´LQVLGH ,QWULQVLFDOO\VDIH³LE´ RU ,QFUHDVHGVDIHW\³H´ ³LD´ ,QWULQVLFDOO\VDIH³LD´ VXSSOLHV 0DUNLQJUHODWLQJWRWKHPHWKRGRISURWHFWLRQ>VHHH @ ,0 (([P(([LE>LD@RU (([T(([LE>LD@RU (([P(([H>LD@RU (([T(([H>LD@RU (([T(([H>LD@ )LJXUH²&DWHJRU\³0´LQWULQVLFDOO\VDIH³LE´RULQFUHDVHGVDIHW\³H´DSSDUDWXVLQVLGH DQHQFORVXUHZLWKHQFDSVXODWLRQ³P´RUSRZGHUILOOLQJ³T´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¶V HOHFWULFDO FLUFXLWU\ H[FHSW IRU WKH VHQVLQJ KHDG VKDOO PHHW WKH UHTXLUHPHQWV RI (1 &DWHJRU\ ³LD´ DQG DQ\ KRW FRPSRQHQWVZLUHV DVVRFLDWHG ZLWK WKH VHQVLQJ KHDGRSHUDWLQJDWDWHPSHUDWXUHH[FHHGLQJ&VKDOOEHSURWHFWHGDVIROORZV - PRXQWLQJ WKH KRW FRPSRQHQW V ZLUHV LQVLGH D VDPSOLQJ FKDPEHU ZKLFK DOVR DFWV DV D IODPH DUUHVWLQJHQFORVXUHE\YLUWXHRIFRPSO\LQJZLWKWKHUHOHYDQWUHTXLUHPHQWVRI(1 DQG - DUUDQJLQJWKHKRWFRPSRQHQW V ZLUHVVRWKDWWKH\DUHQRWDEOHWRFRPHLQWRFRQWDFWZLWKFRDO GXVWOD\HUV DQG - YHULI\LQJWKDWWKHKRWFRPSRQHQW V ZLUHVGRQRWLJQLWHWKHWHVWPL[WXUHZKHQVXEMHFWHGWRWKH WHVWLQ ZLWKRQHIDXOWDSSOLHG 127( &RXQWDEOHIDXOWVLQFOXGHDQLQFUHDVHLQWKHSRZHUVXSSO\YROWDJHRUORVVRIWKHFDWDO\WLFDFWLRQRQWKHSHOOLVWRU 127( )RUWKHSXUSRVHRIWKLVVWDQGDUG &LVDVVXPHGWREHWKHKRWVXUIDFHLJQLWLRQWHPSHUDWXUHRIILUHGDPSDLUDWQRUPDO DWPRVSKHULFSUHVVXUH )LJXUHV DQG VKRZ WKH W\SLFDO DUUDQJHPHQW RI D IL[HG LQWULQVLFDOO\ VDIH ILUHGDPS PRQLWRULQJ WUDQVGXFHUDQGDKDQGKHOGIODPPDEOHJDVGHWHFWRUSURWHFWHGE\WKLVDUUDQJHPHQW *DVVDPSOLQJFKDPEHUFRPSO\LQJ ZLWK(1 &DWDO\WLFJDVVHQVRU 7HVWHGDVDKRWFRPSRQHQW LQDFFRUGDQFHZLWK ,QWULQVLFDOO\ VDIH ³LD´ SRZHU VXSSO\ ,6³LD´DQDORJXHGLJLWDOGDWD RXWSXW 0DUNLQJ LQ UHODWLRQ WR WKH PHWKRG RI H[SORVLRQSURWHFWLRQ VHH ,0 (([LDG )LJXUH²&DWHJRU\0³LDG´IL[HGPRQLWRULQJWUDQVGXFHU %6,