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Risk Analysis of Shipping and Offshore Operation

Det Norske Veritas is a Norwegian ship classification society with a large classified fleet registered in 94 countries. The paper printed below was presented by Mr Cuming at an Ordinary Meeting of the Institute held in London on 18 May 1983 with Dr J. F. Kemp in the Chair. Risk analysis is a method of evaluating potential risks which has been used for the past ten years by Det Norske Veritas, in both the shipping and the offshore fields of operations. The method is based on the systematic identification of hazards, the estimation of probability of occurrence and the evaluation of consequences.