103.400—General.
        
        (a) 
         The Area Maritime Security (AMS) Committee will ensure that a risk based AMS Assessment, is completed and meets the requirements specified in  § 103.310 of this part and  § 101.510 of this subchapter, incorporating the elements specified in  § 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:
    
    
    
    
        
        (3) 
         A description of risk reduction strategies that could be used to ensure continued operation at an acceptable risk level.