Question

risk is involve in sea transport? ​

Answer 1

The Federal Highway Administration defines risk management as “a process of analytical and management activities that focus on identifying and responding to the inherent uncertainties of managing a complex organization and its assets.” Because there are so many uncertainties and those unknowns change frequently,

Answer 2

here's your answer ⭐

Key risk areas associated with Shipping and Freight industry( sea transport):

1) Freight Tracking. ...

2) Cargo Capacity Monitoring decides the cost. ...

3) Communication. ...

4) Contracts, documentation. ...

5) Data and Information management. ...

6) Technical, Geographic and Weather Hazards. ...

7) Transportation issues. ...

8) Dispute in payments.

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