Does your company have a safety management system (SMS), a safety program, or internal safety policies? Are there problems with implementation or making sure that all policies are consistently complied with? Are there items in the manual which do not apply to your vessels or operations? Does the manual call for unrealistic work practices? If you answered "yes" to these questions, rest assured you are not alone. Unfortunately, however, your company could also be in danger of severe financial penalties, and/or litigation. In some case, such as a serious accident, individuals, depending upon their position in the company, might even face imprisonment. The latest trend in regulatory schemes is performance based regulations.