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A davit (pronounced "dayvit" or see Wiktionary) is any of various crane-like devices used on a ship for supporting, raising, and lowering equipment such as boats and anchors.
Davit systems are most often used to lower an emergency lifeboat to the embarkation level to be boarded. The lifeboat davit has falls (now made of wire, historically of manila rope) that are used to lower the lifeboat into the water. Davits can also be used as man-overboard safety devices to retrieve personnel from the water.
The maintaining and operation of davits is all under jurisdiction of the International Maritime Organization. The regulations are enforced by the country's own coast guard.