MARAN TANKERS MANAGEMENT INC.

SMM Chapter 13

RA RISK ANALYSIS / RISK ASSESSMENT (RISK MATRIX WORK

001 SHEET)

ASSESSMENT       RISK ASSESSMENT (RA) SHORT      

DATE NAME
DD/ MM/YY
RA REFERENCE NO.                  

SHIP GENERATED RISK VESSEL’S MASTER DATE

NAME                  
ASSESSMENT
NAME / SIGNATURE (DD/MM/YY)

SHORE GENERATED RISK DEPARTMENT TITLE DATE

                 
ASSESSMENT
NAME / SIGNATURE DD/MM/YY)

INITIAL RA 002 COMPLETED YES (If YES, please       ) NO

attach RA 002 REF. No.      

PROBLEM/JOB DEFINITION AND SYSTEM

DESCRIPTION
STEP 1 Define the vessel and/or the activity for which risk
are to be studied

     
     
     
     

HAZARD / INCIDENT IDENTIFICATION (HAZID) -

STEP 2 (DEVELOPMENT OF HYPOTHETICAL SCENARIOS)
A detailed hypothetical risk scenario should be deployed, describing in detail the sequence of events leading to the incident, e.g. fire,
vapour release, liquid spill, explosion, and the consequences of the incident e.g. persons injured, environmental impact, economic
impact. Please attach relevant documentation.
     
     
     
     

EVALUATION OF PROBABILITY AND CONSEQUENCE UNDER EXISTING

CONTROL MEASURES
STEP 3 A) Frequency/Probability
B) Consequence
EXISTING CONTROL MEASURES
1.      
2.      
3.      

EVALUATION

FREQUENCY CONSEQUENCE

Frequency classes Quantification Consequence Quantification

classes
5 Frequent - Possibility of repeated More often than once
incidents per voyage Any failure that can result in deaths or injuries or prevent
4 Catastrophic
of the intended mission.
4 Probable - Possibility of isolated Once per year Any failure that will degrade the system beyond
3 Critical
incidents acceptable limits and create a safety hazard.
Any failure that will degrade the system beyond
2 Major
3 Occasional- Possibility of Once per 5 years acceptable limits but can be adequately counteracted or
occurring sometime controlled by alternative means.
Any failure that does not degrade the overall
1 Minor
2 Remote- Not likely to occur Once per 10 years performance beyond acceptable limits – one of the
nuisance variety.
1 Very unlikely- Practically Once per 30 years or

TABLE 1: FREQUENCY CATEGORY (tick () as TABLE 2: CONSEQUENCE CATEGORY (tick () as appropriate)
appropriate)

Before(1) After(2) Definition Reputatio

(1) (2) Personnel health / Environmental n / public
Before After Assets
Possibility of repeated safety Impact disruptio
5 5 n
incidents
Major
Major pollution / Excessive/ high
Possibility of isolated Human losses / national &
4 4 4 4 Full scale cost damage
incidents fatalities
response >$1.000.000
internationa
l impact
3 3 Possibility of occurring 3 3 Serous injury to Moderate Moderate cost or Considera
personnel pollution/ damage ($ ble impact
sometime Significant 100.000 –
resources $1.000.000)

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 MARAN TANKERS MANAGEMENT INC. SMM Chapter 13

RA RISK ANALYSIS / RISK ASSESSMENT (RISK MATRIX WORK

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commitment
Number of minor Little pollution / Little cost or
injuries / Medical Limited damage Slight
2 2 Not likely to occur 2 2 treatment for response of ($10.000 – $ impact
personnel short duration 100.000)
Minimum
pollution / Minimum cost /
Zero
1 1 Practically impossible 1 1 Few minor injuries Little or no damage
impact
response < $10.000
needed

NOTE: For the CONSEQUENCE evaluation the RA Team should always assess all categories (Health/Environmental/Assets/Reputation) and mark the highest
score assessed on Table 2.
(1)
Tick as appropriate in the stage of STEP 3 “EVALUATION OF PROBABILITY AND CONSEQUENCE UNDER EXISTING CONTROL MEASURES”.
(2)
Tick as appropriate in the stage of STEP 6 “ADDITIONAL CONTROL MEASURES (NEW)”.

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 MARAN TANKERS MANAGEMENT INC. SMM Chapter 13

RA RISK ANALYSIS / RISK ASSESSMENT (RISK MATRIX WORK

001 SHEET)

RISK ESTIMATION AND PRESENTATION

STEP 4 The Risk at this stage is estimated and presented based on the existing
control measures

FREQUENCY CATEGORY (Based on the existing CONSEQUENCE CATEGORY (Based on the existing RISK
control measures) control measures) SCORE
INITIAL FREQUENCY (PROBABILITY)
      X INITIAL CONSEQUENCE CATEGORY       =
ASSESSMENT: multip ASSESSMENT:
Table 2 score
equ
     
Table 1 score ly al

RISK MATRIX

1 2 3 4 5

1 L (1) L (2) L (3) M (4) M (5)

2 L(2) M(4) M(6) H(8) H(10)

3 L(3) M(6) H(9) H(12) H(15)

4 M(4) H(8) H(12) H(16) H(20)

High=Intolerable Risk Medium=Tolerable Risk Low=Negligible Risk

ASSESSMENT OF THE RISK LEVEL USING RISK

STEP 5 CRITERIA

1) RA team evaluates the Risk Level based on the “Frequency” and “Consequences” as estimated by the Risk Assessment process, and
categorizes the possible combinations to
be: High, Medium or Low risk within the above Risk Matrix.
2) RA team defines in RISK FACTOR / ACTION AND TIMESCALE table below the response, once the Risk Level has been
determined.

RISK FACTOR ACTION AND TIMESCALE

TRIVIAL (1) No action is required to deal with trivial / insignificant risks.

No further additional controls / preventive and mitigative (P&M) or alternative actions

LOW

ACCEPTABLE is necessary, but consideration should be given to cost-effective solutions or

improvements that impose minimal or no additional cost. Monitoring is required to
(2-3)
ensure that the controls are maintained. In case that the value of risk is 1 – 3, the
assessment is terminated.
MEDIUM

MODERATE Efforts should be made to reduce risk, but the costs of prevention should be carefully
measured and limited. Risk reduction measures should normally be implemented
(4-6)
within a defined period of time.

Work should not be started or continued until the risk level has been reduced and
HIGH

INTOLERABLE risk numbers enters the Yellow or the Green area. While the additional control
measures should be cost-effective, the Company’s duty to reduce the risk is
(> 8)
absolute. If the control measures are not possible to reduce the risk, even with
unlimited resources, then the work must not be started or must remain prohibited.

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 MARAN TANKERS MANAGEMENT INC. SMM Chapter 13

RA RISK ANALYSIS / RISK ASSESSMENT (RISK MATRIX WORK

001 SHEET)

LEVEL OF RISK BASED ON EXISTING 1–3 4–6 >8

CONTROL MEASURES
LOW MEDIUM HIGH

The RISK SCORE, which is the outcome of the Risk Matrix will be used in the ASSESSMENT OF THE RISK LEVEL USING RISK CRITERIA (STEP
5).
Company uses the above table RISK FACTOR / ACTION AND TIME SCALE, as a guideline for this purpose.

ADDITIONAL / NEW CONTROL MEASURES

STEP 6 (Prevention / mitigation or alternative (control)
measures)
DESCRIPTION OF ADDITIONAL CONTROL MEASURES (1) OR DEPARTMENT / TARGET DATE ACTION
ALTERNATIVE MEASURES (4) PERSON IN (2) (3) DATE
CHARGE (COMPLETION
)
1.                        
2.                        
3.                        
4.                        
Notes: 1) DESCRIPTION OF ADDITIONAL CONTROL MEASURES: Define in detail additional control measures which will be implemented to
reduce the risk in acceptable for the Company level.
2) TARGET DATE (COMPLETION): It declares the date in which the implementation of the additional control measures must be completed.
3) ACTION DATE: It declares the date that implementation of additional measures commenced.
4) Is there an alternative mode of operation that will completely avoid the hypothetical scenario? If yes, please specify.

Re-evaluate and re-define the consequence and frequency categories (see Tables 1 & 2 in Step 3) after implementation of
PROPOSED ADDITIONAL CONTROL MEASURES
FREQUENCY CATEGORY (After prevention and CONSEQUENCE CATEGORY (After prevention and RISK
mitigation measures) mitigation measures) SCORE
FREQUENCY (PROBABILITY)
      X CONSEQUENCE CATEGORY       =
ASSESSMENT: ASSESSMENT:
Table 2 score
equ
     
Table 1 score multiply al

LEVEL OF RISK AFTER IMPLEMENTATION OF 1–3 4–6 8 – 15+

ADDITIONAL (NEW) CONTROL MEASURES LOW MEDIUM HIGH

The new RISK SCORE, which is the outcome of the Risk Matrix, will be used in the ASSESSMENT OF THE RISK LEVEL USING RISK
CRITERIA (STEP 5).
Use the table RISK FACTOR / ACTION AND TIME SCALE (STEP 5 table), as a guideline for this purpose.

IF ADDITIONAL CONTROL MEASURES NOT REDUCE THE RISK IN ACCEPTABLE LEVEL, ASSESSMENT MUST BE REPEATED BY ADDING
FURTHER CONTROL MEASURES. IN THIS CASE OFFICE ASSISTANCE MUST BE REQUESTED AND THE ACTIVITY UNDER ASSESSMENT
SHOULD NOT BE CARRIED OUT UNTIL OFFICE INSTRUCTIONS AND/OR ASSISTANCE IS PROVIDED.

STEP 7 FOLLOW UP

ADDITIONAL (NEW) / ALTERNATIVE (CONTROL) MEASURES PERSON IN CHARGE FOR

COMPLET VERIFICATION OF NEW
IMPLEMENTATION TARGET
ION DATE CONTROL MEASURES
DATE
(as described in STEP 6) (5)
NAME / TITLE / SIGNATURE
1.                        
2.                        
3.                        
4.                        
(5) COMPLETION DATE: Declares the date that the implementation of additional control measures has been completed. This date must not be later
than Target Date. If for any reason Completion Date will be later than Target Date, the RA team should inform Company’s Management in advance
for immediate action/assistance in order to reach the Target date or to decide for an extension, if possible, after re-assessment.

STEP 8 CONCLUSIONS
     
     
     

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 MARAN TANKERS MANAGEMENT INC. SMM Chapter 13

RA RISK ANALYSIS / RISK ASSESSMENT (RISK MATRIX WORK

001 SHEET)

     

ASSESSOR
      (TITLE/RANK):       SIGNATURE
(NAME):
ASSESSOR
      (TITLE/RANK):       SIGNATURE
(NAME):

LEGAL REVIEW REQUIRED? YES NO

RISK ASSESSMENT RESULTS TO BE SHARED
YES NO
WITHIN THE FLEET
RISK ASSESSMENT RESULTS TO BE SHARED WITH YES (If YES, please
      NO
THIRD PARTIES? describe)
IS RE-ASSESSMENT REQUIRED? YES NO

DEPARTMENT
      (TITLE/RANK):       SIGNATURE
HEAD/MASTER (NAME):

COMMENTS

     
     

DPA
      SIGNATURE
(NAME):

COMMENTS

     
     

GENERAL MANAGER
      SIGNATURE
(NAME):

COMMENTS

     
     

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