Risk Assessments

Our analysts use a common approach to the assessment of risk likelihood and risk impact based on the methodology of AS 4360.

To see the full Risk Assessment process or to request a Risk Assessment please contact us at info@oxfordmaritime.com; +357 25 823 593

RISK LIKELIHOOD

The following table is a risk likelihood assessment tool which our analysts employ to indicate quantitative measures of likelihood, i.e. the probability of a given threat or opportunity occurring.

Table 1

The following table indicates qualitative measures of impact, i.e. the specific damage or consequence to a vessel and/or shipowning, ship management company of a given threat occurring.

RISK CONSEQUENCE

Table 1

RISK ANALYSIS MATRIX

By combining the Likelihood and the Impact rating, the following risk analysis matrix is achieved.

Table 1

Finally, using the above table the risks of any given activity at a certain period of time are identified along with the required measures to mitigate that risk.

RISK