Updated: Aug 20, 2021

A term particularly applicable to shipping. When applied to a ship, the letter indicates the condition of the hull and the number the conditions of the trappings. To be A1 is therefore to be in perfect condition.

To be more precise, 100 A1 after a Maltese Cross indicates that the ship was built completely uner Lloyd’s survey. Without the cross, it indicates that it was built to Lloyd’s specifications. The term is now also used in more general sense.

Reference: The Penguin Business Dictionary, 3rd edt.

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James Knight
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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.