FormalSafetyAssessment

1.A formal, structured and systematic methodology, currently developed to assist and rationalize rule-making processes and to facilitate proactive risk control.[1],[12]

2.A designation used for describing a rational and systematic risk based approach for safety assessment. [Svein Kristiansen]

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Sources
1. IACS International Association of Classification Societies LTD
12. MSC/Circ.1023-MEPC/Circ.392 Formal Safety Assessment
13. Svein Kristiansen

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