classification society

classification society
classification society clas‧si‧fi‧ca‧tion so‧ci‧e‧ty [ˌklæsfˈkeɪʆn səˌsaɪti] , classifiˈcation auˌthority AmE noun [countable]
INSURANCE an official organization that is responsible for making sure that ships are as safe as possible and for putting ships into classes according to their safety:

• Shipbuilding contracts invariably say that the ship must comply with the rules of the relevant Classification Society.

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classification society UK US noun [C] (UK (US classification authority (plural classification authorities)) COMMERCE
an organization that develops official standards for the shipping industry and checks the condition of ships and their equipment to make certain they are safe and meet the official standards of the shipping industry: »

One of the best known Classification Societies is Lloyd's Register of Shipping, based in London.


Financial and business terms. 2012.

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