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What is Risk Assessment?

.7 risk assessment based on identification of the potential faults and hazards associated with the proposal. #### 4 Evaluation of the alternative design and arrangements 4.1 The engineering analysis required in paragraph 3 shall be evaluated and approved by the Administration, taking into account the guidelines developed by the Organization.* * Refer to the Guidelines on alternative design and arrangements for SOLAS chapters II-1 and III (MSC.1/Circ.1212).

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