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What are the main elements of the risk assessment process, as described in paragraph 1. 9. 1 of the Code of Safe Working Practices for Merchant Seamen?

(a) Classify work activities; (b) identify hazards and personnel at risk; (c) identify risk controls; (d) estimate the risk; (e) decide the tolerability of the risks; (f) prepare risk control action plan (if necessary); (g) review adequacy of action plan; (h) ensure risk assessment and controls are effective and up to date.

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What are the main elements of the risk assessment process, as described in paragraph 10 of MGN 20?

Are there any fixed rules about how risk assessments should be made?