Risk Management Practices in Sea Ports Essay Example | Topics and Well Written Essays - 3000 words

Risk Management Practices in Sea Ports - Essay ExampleThe bumps that a port top executive be exposed to so-and-so be assessed and evaluated to further determine the costs for implementing a risk way plan. Compliance with existing rules and regulations does not necessarily make for a safe port (Lloyds Register). This is very lawful and unfortunately many ports around the world rely on regulations alone to manage their port assets, this in time substructure be detrimental to the overall need for a safe seaport. Lloyds s asshole is a follow that assesses ships systems in order to provide improve their overall quality as salutary as assuage safety for the crews, employees and customers. There are many in dependent company such as Lloyds register that provide this service in an endeavor to help seaports meet and implement the standards required of them to maintain a favorable environment conducive to human life. Therefore physical assets are protected as well as maintained by e nsuring that standards and policies are followed and continuously evaluated to guarantee that they meet the standards and policies set forth by government agencies.Seaports must deal with potential threats daily due to their easy access and vulnerability. The advent of seaports relations with ongoing threat efficiently is more likely with a substantial well thought of risk management plan. ... Thus seaports acquire to use this to determine the level of risk management required. Costs can be a factor, however the cost of implementing a risk management plan is far empty to the benefits that can be derived from it. Risk assessments will help a seaport determine if they are areas in which they can improve, and possibly provide training to make employees aware of any changes in procedures that may exhaust been made as a result of the analysis derived from the assessments. Risks have varying consequences, and this is potentially important to seaports. Accidents can pose severe threats not only to the vessels, crews, and cargoes but also the public, environment, property, and local and regional economies (National Research Council Staff, 169). Accidents can be caused by human error or technical malfunctions this ultimately puts individuals in contact with seaports on a day to day basis at risk. In the past there have been incidents that have prompted agencies to re-evaluate their procedures and measures taken to ensure the safety and protection of physical assets. A prime example of this would be the Exxon Valdez spilling that occurred on March 24, 1989. It was an environmental horror that occurred at sea and affected both wildlife and plants. Its departure area was Alaska at the Valdez oil terminal and bound for California. The main cause of this incident was attributed to human error brought on by exhaustion as well as insufficient traffic system. The movement of hazardous or heartbreaking cargoes is not reviewed until a major marine accident occurs (National Research Council Staff, 169). This applies to the Exxon Valdez disaster, had proper measures and procedures