My personal view is this,
As soon as collission has ended ie the other ship has pulled away i would send out distress calls, i would get the surviving passengers and crew to the life boat decks in full survival gear and be ready to abandon ship.
I would then personally go along with the first officer and two engineers to assess the damage to the ship if they said, no she is a total loss she is going down i would then order abandon ship, i would make absolutly sure every single person alive on that ship was in a life boat.
I would then return to the bridge get all the navigational charts and logs and hand them to my first officer, i would then return to the bridge and go down with her.
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