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<p>have almost identical definitions. Full load is defined as the displacement of a vessel when floating at its greatest allowable draft as approved by the load line assigning authority which is either the flag state (USCG etc) or a <a href="page.php?w=classification_society">classification society</a> (and designated by its "<a href="page.php?w=load_line_%28watercraft%29">load line</a>"). Warships have full load condition established through the Naval design process, and are exempt from commercial requirements laid out by flag state laws.</p>

<p><big>Light displacement</big></p><p>
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