Question

What is NOT a function of Classification Societies?

A.Establish construction & equipment standards for ships

B.Inspect ships on a regular basis to make sure they meet requirements

C.Obtain ship financing

D.Certify the ship’s eligibility for insurance

Answer 1

A classification society is defined as one that develops and maintains technical specifications and standards about how offshore structures such as ships should be constructed and operated. Classification societies are a non-governmental organization whose main functions are as follows:

i. Establish and maintain construction and equipment standards,

ii. Inspects offshore structures such as ships on a regular basis to ensure the set standards are met, and

iii. Certify the ships' eligibility for insurance coverage.

It does not involve obtaining ship financing. Therefore, the correct option is (C).