Trading area risks

A ship is designed and equipped for world-wide trade but its risk exposure varies from one voyage to another. In addition to risk factors relating to cargoes carried, changing weather, differences in crews’ qualifications, etc., a very important factor of the risk equation is a ship’s area of trade.

Some areas are known to have heightened risk levels. Although ships can never eliminate all risks, proper planning and implementation of measures identified through voyage-specific risk assessments may reduce these risks to an acceptable level.