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Aftermost length of the propeller shaft, running through the stern tube to the propeller; subject to bearing wear and torsional fatigue.
Surveyed at intermediate (5-yearly) and renewal (10-yearly) intervals; condition often determines drydock duration. Modern oil-lubricated stern tubes extend intervals; water-lubricated bearings are mandatory in some jurisdictions.
Authoritative source: IACS Unified Requirements ↗
Source: IACS UR M68 (tail shafts); class-society surveying rules
Editorial confidence: how we grade.