Write 12 pages thesis on the topic risk management practices in sea ports. The risks that a port might be exposed to can be assessed and evaluated to further determine the costs for implementing a risk management plan. “Compliance with existing rules and regulations does not necessarily make for a safe port” (Lloyd’s Register). This is very true and unfortunately many ports around the world rely on regulations alone to manage their port assets, this however can be detrimental to the overall need for a safe seaport. Lloyd’s register is a company that assesses ships systems in order to provide improve their overall quality as well as facilitate safety for the crews, employees and customers. There are many in dependent company such as Lloyd’s 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 ensuring 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 dealing with ongoing threat efficiently is more likely with a substantial well thought of risk management plan.
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