# Risk Management

• Initial risk assessment: defining hazards and the corresponding existing measures which are in place; defining risk level for each hazard (severity and likelihood)
• Final risk assessment: define additional measures in order to reduce the final risk; evaluation of additional measures in the office and implementation if the additional measure is considered to be useful
• Define contingency measures: measures needed to mitigate the consequences
• Corrective/preventive actions with complete follow-up
• Option to conduct extra ordinary risk assessment for any non-standard ship board operation: special handling on urgent basis
• Distribution of results/reports to the fleet including review option by ship board personnel