Effective Risk Management

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Effective Risk Management

• Captain Fraser Spencer

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Fraser Spencer

• Warranty Surveyor
• Oil Company Superintendent
• Qualified Master Mariner and Engineer
• C/o SSHLV

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Effective Risk Management

• How can you ensure effective risk management of
  your project critical cargo?

• Unfortunately you cant ensure that you will
  never have a problem.
• But you can reduce your risk.

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Risk Reduction

• Right people
• Ship staff
• Wx forecast
• Security
• Port management

• Engineers
• Design limitations
• How to be loaded
• How to be discharged
• Critical time lines

• Not everyone needs to be involved in every stage

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Problems

• Malaysia charted depth alongside quay
• Angola transport offshore, sinking barge
• USA RoRo stern door opening
• Ghana transport of project cargo on shore
• Syria toilet break

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Can You and Would You?

• Can you do a risk assessment?
• So would you
• Utilise uncertified lifting equipment?
• Risk accidental damage to your cargo?
• Jepordise busines relationships?
• Prevent the port from working?

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Risk Assessment

• Do it early
• Review it
• Stress test it, what if scenarios
• Dont assume
• Planning, planning, planning
• Desk in London is different to fieldwork

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Relevance of Assessors

• People
• Equipment
• Conditions
• Experience

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Back Ups

• Acceptable limits
• What if scenarios
• Emergency contacts
• Insurance cover
• Security for project cargo on quayside
• Ability to modify and improve on site

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Purpose

• Profitability of your company
• Safe delivery of your cargo
• Minimising of costs and time delays
• Safety
• Publicity
• Relationships

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Remember

• Lower value project cargo can still be vital
• Correct transporter is vital, could other cargo
  effect your goods
• Risk management is ongoing until installed
• Ingenuity of muppets is limitless

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• Thank you