Published on Australian Maritime Safety Authority (https://www.amsa.gov.au)
Take action to cease or prevent the risk and provide for or cooperate in remedying any actual impact. Use leverage to mitigate remaining risk as much as possible.
Take action to cease or prevent your contribution to the risk and provide for or cooperate in remedying any actual impact. Use leverage to mitigate remaining risk as much as possible.
Use leverage to influence the entity causing the risk to take action.
Consider if you should provide for or cooperate in remedying any actual impact.
You should consider ending the business relationship if your entity lacks the leverage to influence the entity causing the risk to change its behaviour and you cannot increase your leverage.
| Negligible | Minor | Medium | High | Catastrophic | |
|---|---|---|---|---|---|
| Almost Certain | Moderate | Moderate | High | Extreme | Extreme |
| Ukely | Low | Moderate | High | High | Extreme |
| Possible | Low | Low | Moderate | High | High |
| Unlikely | Very Low | Low | Moderate | Moderate | High |
| Rare | Very Low | Very Low | Low | Moderate | Moderate |