Different aspects of risk are considered. In a shipping company, the following situations arise: New regulations are introduced that imply stricter requirements to life-saving equipment on ships (e.g. lifeboats, liferafts, survival suits). This applies to all new ships that are being built. The company has recently received two new-built ships and put these into operation. The company has adopted stricter procedures for performance of tank cleaning. This is an operation that traditionally is high risk, but the new procedures are expected to reduce this significantly. Consider the different aspects of risk and discuss how these different situations will affect the different aspects of risk (increase/decrease/no change) and whether any changes will be small or large.
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