Simple English definitions for legal terms
Read a random definition: bailout stock
The American Bureau of Shipping (ABS) is a group of people who work together to make sure that ships and offshore structures are built, maintained, and operated safely. They do research, develop new technologies, and train officers to make sure that everything is done correctly. ABS was founded in 1862 and its main job is to create rules for building and maintaining ships and offshore structures. They are very important because they help keep people safe when they are traveling on the water.
The American Bureau of Shipping (ABS) is an organization that works with marine underwriters, shipbuilders, and marine carriers to conduct research, develop technology, train officers, and set standards for building, maintaining, and operating seagoing vessels and offshore facilities.
The ABS was founded in 1862 as the American Shipbuilders' Association and was formally recognized in the Merchant Marine Act of 1920. Its main goal is to create rules for evaluating the design of new vessels and structures and for maintaining all existing vessels and structures.
For example, if a shipbuilder wants to build a new ship, they must follow the ABS rules for design and construction. The ABS will inspect the ship during construction and after it is completed to make sure it meets their standards. This helps ensure that the ship is safe and reliable for use at sea.
The ABS also provides training for officers who work on ships. This includes training on safety procedures, navigation, and other important skills. By providing this training, the ABS helps ensure that ships are operated safely and efficiently.