The eye splice is the best method of creating a permanent loop in the end of multi stranded rope by means of rope splicing. The ends of the rope are tucked (plaited) back into the standing end to form the loop. Originally this splice was described with each end being tucked only about three times. When the splice was made in tarred hemp or cotton this was reasonably safe. With modern synthetic ropes, five complete tucks is a minimum and additional tucks are recommended for critical loads. The eyesplice is also commonly used on wire rope.
Read more about Eye Splice: Technique, Alternatives
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