(a) The Area Maritime Security (AMS) Committee will ensure that a risk based AMS Assessment, is completed and meets the requirements specified in Sec. 103.310 of this part and Sec. 101.510 of this subchapter, incorporating the elements specified in Sec. 103.405 of this part.
(b) AMS Assessments can be completed by the COTP, the AMS Committee, a Coast Guard Port Security Assessment team, or by another third party approved by the AMS Committee.
(c) Upon completion of each AMS Assessment, a written report, which is designated sensitive security information, must be prepared consisting of:
(1) A summary of how the AMS Assessment was conducted;
(2) A description of each vulnerability and consequences found during the AMS Assessment; and
(3) A description of risk reduction strategies that could be used to ensure continued operation at an acceptable risk level.