Traditionally society has regulated hazardous industries by detailed references to engineering codes, standards and hardware requirements. These days a risk-based approach is adopted. Risk analysis involves identifying hazards, categorizing the risks, and providing the necessary decision support to determine the necessary arrangements and measures to reach a "safe" yet economical operating level. When adopting such an approach the abundance of techniques available to express risk levels can often prove confusing and inadequate. This highly practical guide to safety and risk analysis in marine systems not only adds to the current techniques available, but more importantly identifies instances where traditional techniques fall short. Uncertainties that manifest within risk analysis are highlighted and alternative solutions presented. In addition to risk analysis techniques this book addresses influencing elements including reliability, maintenance decision making and human error. This book caters to a wide range of readers, among them being industrial safety/design/operation engineers and marine/offshore specialists. It also serves as a useful reference material to undergraduate and postgraduate students.