What must the Company do about developing plans and training for potential emergencies on board?

The Company should establish procedures to identify, describe and respond to potential emergency shipboard situations. (Para. 8.1) It should also establish programmes for drills and exercises to prepare for emergency actions. (Para. 8. 2)

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What kind of situations should the plans in the last answer cover?

What are the “key shipboard operations” referred to in the last answer?