Risk Management
Risk management in maritime context refers to the process of identifying, assessing, and prioritizing risks associated with maritime operations, and taking measures to mitigate or eliminate those risks. This involves analyzing potential hazards such as weather conditions, equipment failure, human error, and security threats, and developing strategies to minimize the likelihood and impact of these risks. Risk management is essential in ensuring the safety of crew, passengers, and cargo, as well as protecting the environment and minimizing financial losses. It is a continuous process that requires ongoing monitoring and evaluation to ensure that risk mitigation measures remain effective.
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