is when risk should be reducecd to As Los As Reasonably Practicable level considering the cost effectiveness of the risk control options. [1]
Risk should be reduced to As Low As Reasonably Practicable
(ALARP) level considering the cost effectiveness of the risk control
options.[12]
Sources
1. IACS International Association of Classification Societies LTD
12. MSC/Circ.1023-MEPC/Circ.392 Formal Safety Assessment
