The assessment of the marine risks based on the formal safety assessment

Abstract

The paper seeks to present how the methodology, known as formal safety assessment (FSA), manages to identify and verify potential marine hazards by using risk analysis while providing ways to control these hazards in a cost-effective way. This methodology supposes a prior analysis of available data on maritime accidents. Risk assessment is based on the identification of the major causes that would lead to the occurrence of the accident, the probability of their occurrence, and the consequences resulting from the oc-currence of the event. Based on the consequences and the probability of the occurrence of the event, the level of risk is determined, depending on which the most effective control and risk reduction options are adopted. Risks are ranked based on ALARP acceptability criteria.