Lloyd's Register

Coordinates: 51°30′45″N 0°04′44″W / 51.51255°N 0.078804°W / 51.51255; -0.078804

Lloyd's Register Group Limited (LR) is a technical and professional services organisation and a maritime classification society, wholly owned by the Lloyd’s Register Foundation, a UK charity dedicated to research and education in science and engineering. The organisation dates to 1760. Its stated aims are to enhance the safety of life, property, and the environment, by helping its clients (including by validation, certification, and accreditation) to improve the safety and performance of complex projects, supply chains and critical infrastructure.

Lloyd's Register Group Limited
TypeCompany limited by shares. Sole shareholder is the Lloyd’s Register Foundation, a UK registered charity.
IndustryMaritime and shipping
GenreClassification society
Founded1760; 262 years ago (1760)
Headquarters
71 Fenchurch Street, London
,
United Kingdom
Area served
Global
Key people
Thomas Thune Andersen (Chairman)
Nick Brown (CEO)
ServicesClassification
£18 million
OwnerIndependent
Number of employees
3,600
ParentLloyd's Register Foundation, UK registered charity[1]
Subsidiariesi4 Insight [1]
Hanseaticsoft [2]
Websitewww.lr.org/en

In July 2012, the organisation converted from an industrial and provident society to a company limited by shares, named Lloyd’s Register Group Limited, with the new Lloyd’s Register Foundation as the sole shareholder. At the same time the organisation gave to the Foundation a substantial bond and equity portfolio to assist it with its charitable purposes. It will benefit from continued funding from the group’s operating arm, Lloyd’s Register Group Limited.

In 2020, Lloyd's Register sold its Energy business[2] and in 2021 sold its Business Assurance & Inspection Services division.[3] Lloyd's Register is unaffiliated with Lloyd's of London,[4] but emerged from the same professional and social circles that historically met at Lloyd's Coffee House, from which both organisations took their name.

OriginEdit

The organisation was named after a 17th-century coffee house in London that was frequented by merchants, marine underwriters, and others, all men associated with shipping. The coffee house owner, Edward Lloyd, helped them to exchange information by circulating a printed sheet of all the news he heard. In 1760, the Register Society was formed by the customers of the coffee house who assembled the Register of Shipping, the first known register of its type. Between 1800 and 1833, a dispute between shipowners and underwriters resulted in each group publishing a list—the "Red Book" and the "Green Book".[5] Both parties came to the verge of bankruptcy. They reached agreement in 1834 to unite and form Lloyd’s Register of British and Foreign Shipping, establishing a General Committee and charitable values. In 1914, with an increasingly international outlook, the organisation changed its name to Lloyd's Register of Shipping.

The RegisterEdit

 
An example of Lloyd's Register of Shipping, dated 1768

The Society printed the first Register of Ships in 1764 in order to give both underwriters and merchants an idea of the condition of the vessels they insured and chartered: ship hulls were graded by a lettered scale (A being the best), and ship's fittings (masts, rigging, and other equipment) were graded by number (1 being the best). Thus the best classification "A1", from which the expression A1 or A1 at Lloyd's is derived, first appeared in the 1775–76 edition of the Register.

The Register, with information on all seagoing, self-propelled merchant ships of 100 gross tons or greater, is published annually. A vessel remains registered with Lloyd's Register until she is sunk, wrecked, hulked, scrapped or withdrawn from the register by the vessel's owner.

The Register was published formerly by the joint venture company of Lloyd's Register-Fairplay, which was formed in July 2001 by the merger of Lloyd's Register's Maritime Information Publishing Group and Prime Publications Limited. Lloyd's Register sold its share of the venture to IHS Markit in 2009.

American Lloyd’s Register of American and Foreign ShippingEdit

The American Lloyd’s Registry of American and Foreign Shipping was established in 1857, and the American Lloyd’s Register of American and Foreign Shipping issued from at least 1859 until at least 1883 by the "Board of American Lloyd's".[6][7][8]

Classification rulesEdit

 
The Lloyd's Register load line on the hull of the Cutty Sark

Lloyd's Register is known best for the classification and certification of ships and inspects and approves important components and accessories, including life-saving appliances, marine pollution prevention, fire protection, navigation, radio communication equipment, deck gear, cables, ropes, and anchors.[9]

LR's Rules for ShipsEdit

LR's Rules for Ships are derived from principles of naval architecture and marine engineering, and govern safety and operational standards for numerous merchant, military, and privately owned vessels. LR's Rules govern a number of topics including:

  • Materials used for construction of the vessel
  • Ship structural requirements and minimum scantlings, depending on ship type
  • Operation and maintenance of main and auxiliary machinery
  • Operation and maintenance of emergency and control systems

Specific editions of the rules are available to cater for merchant ships, naval ships, trimarans, special purpose vessels and offshore structures.[10] A ship is known as being in class if she meets all the minimum requirements of LR's Rules, and such a status affects the possibility of a ship getting insurance. Class can be withdrawn from a ship if she is in violation of any regulations and does not maintain the minimum requirements specified by the company. However, exceptional circumstances may warrant special dispensation from Lloyd's Register. Any alteration to the vessel, whether it is a structural alteration or machinery, must be approved by Lloyd's Register before it is implemented.

Ships are inspected on a regular basis by a team of Lloyd's Register surveyors, one of the most important inspections being a ship's load line survey – due once every five years. Such a survey includes an inspection of the hull to make sure that the load line has not been altered. Numerous other inspections such as the condition of hatch and door seals, safety barriers, and guard rails are also performed. Upon completion the ship is allowed to be operated for another year, and is issued a load line certificate.[clarification needed]

Rules and regulationsEdit

Lloyd’s Register provide a list of rules and regulations to the public.

List of regulations:

LocationEdit

Lloyd's Register building
71 Fenchurch Street
Central atrium of 71 Fenchurch Street

Lloyd's Register's main office is located in London at 71 Fenchurch Street. Lloyd's Register also operates in more than 70 locations, serving clients based in 182 countries.[11]

ReferencesEdit

  1. ^ Lloyd's Register Foundation
  2. ^ "Lloyd's Register announces sale of Energy business". Lloyd's Register. Retrieved 2022-04-12.
  3. ^ "Lloyd's Register to focus growth strategy on maritime industry with expanded role and broader service offering". Lloyd's Register. Retrieved 2022-04-12.
  4. ^ "Are you the same as Lloyd's of London?". Lloyd's Register. Retrieved 2017-12-14.
  5. ^ Michael Palmer, Lloyd's Register of Shipping, online, read 29 October 2011
  6. ^ "American Lloyd's Register of American and Foreign Shipping". New York City: E. & G. W. Blunt. 1859. p. 2. Retrieved 13 June 2021 – via Mystic Seaport Museum. Collections & Research.
  7. ^ "American Lloyd's Register of American and Foreign Shipping". Compiled and published by Capt. H. F. A. Meyers and C. Frederick A. Salter. New York City. 1883. p. 2. Retrieved 13 June 2021 – via Mystic Seaport Museum. Collections & Research.{{cite web}}: CS1 maint: others (link)
  8. ^ "Digital Library: Ship registers: A". Mystic Seaport Museum. Collections & Research. Retrieved 13 June 2021.
  9. ^ "Anchor Certification, HHP & SHHP Classification, and Type Approval". Petersmith.net.nz. Retrieved 2012-01-31.
  10. ^ "Lloyd's Register publications". Lloyd's. September 2013. Retrieved 14 March 2014.
  11. ^ "LR is a leader in professional services for engineering and technology". Lloyd's Register. Retrieved 2022-04-12.

External linksEdit