The product contains a water bodies (WB) detection layer (at 1km spatial resolution) and a quality information (QUAL) layer, providing information on the occurence of the detected bodies over time. The PROBA-V derived Water Bodies V2 product is provided at global scale in demonstration mode. The quality assessment report shows a good accuracy on omission errors (<10% for pixels with a Water Surface Ration larger than 95%) and an acceptable commission accuracy (~20%) across the globe.
More information can be found at http://land.copernicus.eu/global/products/wb.
The Water Bodies V2 product is currently being tuned to work on the SPOT-VGT dataset to provide a full time-series from 1998 onwards in 2016.