• Description of production and process flows;
• Identification of risks and development of risk controls;
• Quantitative risk assessment, development of risk mitigation actions and evaluation of their performance;
• Use of accumulated risk registration and investigation data and actual efficiency of actions (in addition to forecasts).

• Representation of technical interests of the Underwriter relating to marine operations, marine freight, installation of marine structures and equipment etc.;

• Scope of MWS including the list of operations shall be approved by the Underwriter;

• MWS confirms that relevant standards and criteria apply to operations that ensure their safe execution;

• MWS reviews assumptions, criteria and methods applied in operational procedures, corresponding strength calculations, evaluates acceptability of their results and risks;

• Preparation of the Pre-Risk Survey Report.

Typical MWS's:

• Surveying of vessels, offshore drilling and production platforms expected to be uses within the project;

• Attendance when defining and assessing the project risks (HAZID/HAZOP workshops);

• On-site survey of onshore and offshore sites to issue clearance certificates.

• Description of residual risks of production processes;

• Development of possible preventive mitigation actions (principally expressed in monetary terms).

Engineering risk assessment is conducted to assess the company’s property portfolio risks (fixed assets, construction-in-progress assets, equipment to be installed) for the purposes of property insurance against all risks including breakdowns and failures of machinery and equipment.

The assessment is accompanied by development of possible loss scenarios for the insurance purposes – estimated maximum loss (EML) and probable maximum loss (PML) and preparation of asset risk mitigation recommendations, implementation of which may decrease the probability of occurrence of unfavorable events and reduce the risk of possible losses. UHSEP’s Risk Analysis Procedure corresponds to the global practices in surveying for insurance purposes.

As a part of its business, UHSEP develops IT-sector and utilizes in-house propitiatory risk analysis and assessment tools (Risk Assessment 1.0, BowTieUni etc.).

Following the surveying containing the evaluation of fixed assets market value, the latest data together with the recommendations on limit values in the Insurance Contact, deductible amount and specific risks advisable for insurance shall be provided.