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 was "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 sea-going, self-propelled merchant ships of 100 gross tonnes or greater, is published annually. A vessel remains registered with Lloyd's 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 sold its share of the venture to IHS in 2009.
Read more about this topic: Lloyd's Register
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