Lloyd's Register supports condition-based maintenance (CBM) as a best practice for managing assets and is working to align classification processes with CBM. Companies seeking CBM program approval can apply for Lloyd's Register's MCBM notation, which takes a risk-based approach, or work with surveyors to eliminate open-out inspections for survey credit using condition monitoring data. To meet the requirements for MCBM, companies need only provide the necessary condition monitoring data if their risk-based maintenance system follows current best practices outlined in ISO 17359:2011.