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Risk Assessment/Root Cause of Analysis

According to the International Maritime Organization (IMO), risk is the combination of the frequency and the severity of the consequence.

Risk assessment is a decision-making tool used by the maritime industry to reduce risks in the marine industry.

The maritime risk assessment process involves:

  • Hazard identification

  • Assessment of the risks concerned

  • Application of controls to reduce the risks

  • Monitoring of the effectiveness of the controls

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