07
Mon, Apr

The Importance of Classification Societies in the Maritime Industry

The Importance of Classification Societies in the Maritime Industry

Maritime Law

Maritime classification societies were born out of a need to ensure the continued safety and security of the maritime domain with respect

Maritime classification societies were born out of a need to ensure the continued safety and security of the maritime domain with respect to vessels and various marine aiding constructions. Thus, the role of a classification society is quite set and of utmost importance.

Without classification societies for ships, there would be no benchmark or guideline standards for vessels and other constructions.

Role of Class

The Initiation

The initial practice by a group of merchant marine underwriters to try and develop a distinct module for the assessment of ships in the mid-1700s in London, England, led to the formation of the first classification society.

This module involved assigning various notational systems for vessels so that the insurance processes could be aided in case of any problems arising later on.

Since these marine underwriters used to assemble at a coffee house called Lloyd’s Coffee House, the compilation of their notations and specifications became known as the Lloyd’s Register, which officially came into existence in 1764.

In the following years, various other classification societies for ships came to the forefront, like Det Norske Veritas in 1864, Germanischer Lloyd in 1867, and Bureau

Content Original Link:

Original Source MARINE INSIGHT www.marineinsight.com

" target="_blank">

Original Source MARINE INSIGHT www.marineinsight.com

SILVER ADVERTISERS

BRONZE ADVERTISERS

Infomarine banners

Advertise in Maritime Directory

Publishers

Publishers