The fibre channel I/O adapter is the failing item.

Replace the fibre channel I/O adapter using the I/O adapter location information in the Service Action Log if it is available. If the location is not available, find the address of the I/O adapter, see System reference code (SRC) address formats, or see "System reference code (SRC) address formats" in the service guide for the system unit. Use the address to find the location, see Locating FRUs, or see "Locating FRUs" in the service guide for the system unit. If an I/O Processor SRC sent you here, replace the fibre channel I/O adapter associated with the I/O processor that logged the SRC.

Use the following table to determine the part number for the field replaceable unit (FRU):