Exam Question
Q8
What is understood by risk on board ship? As a 2nd engineer discuss various methods for hazard identification and assessment of risk available on board.
(16)
Class 2 (2nd Engineer)
MEP
📅 Jan 2026
Reference Answer
### Introduction: Understanding Risk on Board Ship
In the maritime context, **Risk** is the potential for loss or injury, evaluated as a combination of the probability of a hazardous event occurring and the severity of its consequences. It is a fundamental concept within the International Safety Management (ISM) Code. A **Hazard** is any source of potential harm, damage, or adverse health effects on an individual or the environment (e.g., an unguarded rotating shaft). Risk quantifies the danger posed by that hazard.
The relationship is formally expressed as:
$$ \text{Risk} = \text{Likelihood} \times \text{Severity} $$
In the maritime context, **Risk** is the potential for loss or injury, evaluated as a combination of the probability of a hazardous event occurring and the severity of its consequences. It is a fundamental concept within the International Safety Management (ISM) Code. A **Hazard** is any source of potential harm, damage, or adverse health effects on an individual or the environment (e.g., an unguarded rotating shaft). Risk quantifies the danger posed by that hazard.
The relationship is formally expressed as:
$$ \text{Risk} = \text{Likelihood} \times \text{Severity} $$
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