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Lloyd's Register of Shipping

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Lloyd's Register of Shipping

Not to be confused with Lloyds Bank, Lloyd's of London, or Lloyd's List.

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

Lloyd's Register Group Limited
Company limited by shares. Sole shareholder is the Lloyd’s Register Foundation, a UK registered charity.
Industry Maritime and shipping
Energy
Rail and metro
Management systems
Genre Classification society
Founded 1760
Headquarters 71 Fenchurch Street, London, United Kingdom
Number of locations Worldwide
Area served Global
Key people Thomas Thune Andersen (Chairman)
Richard Sadler (CEO)
Services Classification
Risk management
Management systems certification
Operating income £893m [1]
Owner(s) Independent
Employees 7,885
Parent Lloyd's Register Foundation, UK registered charity[2]
Subsidiaries Martec,
Website www.lr.org

Lloyd's Register Group Limited (Lloyd's Register) is a maritime classification society and independent risk management organisation providing risk assessment and mitigation services and management systems certification. The organisation dates back to 1760. Its stated aims are to enhance the safety of life, property and the environment by helping its clients to ensure the quality construction and operation of critical infrastructure.

Historically, as Lloyd's Register of Shipping, it was a specifically maritime organisation. During the late 20th century, it diversified into other industries including oil and gas, process industries, nuclear, and rail. Through its 100% subsidiary Lloyd's Register Quality Assurance Ltd (LRQA), it is also a major vendor of independent assessment services including management systems certification for quality certification to ISO9001, ISO14001 and OSHAS18001. Lloyd's Register is unaffiliated with Lloyd's of London

On 2 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 gifted to the Foundation a substantial bond and equity portfolio to assist it with its charitable purposes and it will benefit from continued funding from the group’s operating arm, Lloyd’s Register Group Limited.

Origin

Like the famous international insurance market, Lloyd's of London, Lloyd's Register owes its name and foundation to Lloyd's Coffee House the 17th century coffee house in London frequented by merchants, marine underwriters, and others, all associated with shipping. The coffeehouse 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 caused them to publish a list each—the "Red Book" and the "Green Book".[3]

The Register

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) was 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 tonnes or greater, is published annually. A vessel remains registered with Lloyd's Register until it is sunk, wrecked, hulked, or scrapped.

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 in 2009.

Classification rules


Lloyd's Register provides quality assurance and certification for ships, offshore structures, and shore-based installations such as power stations and railway infrastructure. However, 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.[4]

LR's Rules for Ships

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.[5] A ship is known as being in class if it 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 it 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 annual Load Line survey. 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.

Marine Training & Career

Lloy's Register provides training and career programs focused of maritime related classification, statutory and several other areas. Some of them are:[6]

  • Class Statutory & Inspection
  • Environmental Management Systems
  • International Labour Organization (ILO)
  • Graduate Training Scheme[7]
  • and more.


Location

Lloyd's Register's main office is located in London at 71 Fenchurch Street. Lloyd's Register also maintains other offices globally, including Hong Kong (Asia Office) and Houston, Texas (Americas Office).

References

External links

  • Lloyd's Register Foundation
  • Lloyd's Registers scanned by Google
  • Lloyd's Register - Fairplay Ltd.
  • Lloyd's Register Quality Assurance
  • IACS - International Association of Classification Societies
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