Some severe capsize and fire accidents have taken place with passenger vessels in the latest years. The objective in this paper is to describe the issues that must be addressed in a Quantitative Risk Assessment (QRA) for passenger vessels and some of the required development tools. Further, IMO has launched the concept of Formal Safety Assessment (FSA), and the usefulness and possible shortcomings of FSA as compared to a QRA are evaluated. The conclusion is that a QRA is a powerful tool in enhancing passenger ship safety, while a FSA has a limited potential, mainly because it is not applied on a concrete ship.
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