Much of the business in London was conducted in various coffee houses in the city in the 17th century. Edward Lloyd was one such coffee house owner, and this coffee shop is frequently visited by shipping business, especially underwriters. Edward Lloyd was producing ships’ lists and giving some account of vessels likely to be offered for insurance. Lloyd’s Register is a descendant of these lists Edward Lloyd’s coffee house. Lloyd’s Register contains details of all the merchant ships in the world of over 100 GT (Gross Tons). Lloyd’s Register is made up of a large variety of types, shapes and sizes. Lloyd’s Register ships can be categorized not only by their specialist functions, ie bulk carriers, tankers, general cargo, containers, LNG, LPG ships etc, but also by how they are operated. Ships can basically be operated in 2 types: Liner and Tramp. A ship can be employed as a liner in other words ship runs on a regular line between two ports or series of ports. Liner ships has a regular schedule of sailings and an agreed list of tariffs (freight). Secondly, a ship can be employed as a Tramp. A tramp ship is chartered or hired out at the best price and such a ship may go anywhere with any cargo.