These Guidelines are intended to outline the FSA methodology as a tool, which may be used in the
IMO rule-making process. In order that FSA can be consistently applied by different parties, it is
important that the process is clearly documented and formally recorded in a uniform and systematic
manner. This will ensure that the FSA process is transparent and can be understood by all parties
irrespective of their experience in the application of risk analysis and cost benefit assessment and
related techniques.