Risk
In maritime context, risk refers to the potential for loss or damage to ships, cargo, crew, passengers, or the environment. It is the likelihood of an event occurring and the severity of its consequences. Risks in the maritime industry can arise from a variety of sources, including weather conditions, human error, equipment failure, piracy, and terrorism. Effective risk management involves identifying, assessing, and prioritizing risks, and implementing measures to mitigate or avoid them. This can include measures such as improving safety procedures, investing in better equipment, and purchasing insurance.
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