Abstract
Formal safety assessment (FSA) is a formal, structured and systematic methodology, aimed at enhancing maritime safety, including protection of life, property and marine environment, by using risk and cost–benefit assessments. For the application of this methodology to the rule-making process, the International Maritime Organization (IMO) presented the Interim Guidelines, which describe procedures of FSA and inputs/outputs of each procedure in detail. This paper basically deals with an application of FSA methodology according to the IMO's Interim Guidelines to the hatchway watertight integrity of bulk carriers, which was carried out as a cooperative research between Korean Register of Shipping and Seoul National University. As results of this application study, 18 hazards are identified and 32 risk control measures are devised to reduce the associated risks. Potential risks, costs and benefits when some Risk Control Options are introduced are evaluated in monetary unit of US $. Finally, some discussions and recommendations based on experiences are also given for both future work and better application of this FSA methodology to the rule-making process.
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