Waterline length
A vessel's length at the waterline is the length of a ship or boat at the level where it sits in the water. The LWL will be shorter than the length of the boat overall as most boats have bows and stern protrusions that make the LOA greater than the LWL. As a ship becomes more loaded, it will sit lower in the water and its ambient waterline length may change; but the registered L.W.L is measured from a default load condition.
Measurement
This measure is significant in determining several of a vessel's properties, such as how much water it displaces, where the bow and stern waves occur, hull speed, amount of bottom-paint needed, etc. Traditionally, a stripe called the "boot top" is painted around the hull just above the waterline.Greater beam and draft produces a larger wetted surface, thereby causing higher hull drag. In particular, any "displacement" or non-planing boat requires much greater power to accelerate beyond its hull speed, which is determined by the length of the waterline, and can be calculated using the formula: Vmax = square root of LWL x 1.34. The hull speed is the speed at which the wavelength of the bow wave stretches out to the length of the waterline, thus dropping the boat into a hollow between the two waves. While small boats like canoes can overcome this effect fairly easily, heavier sailboats cannot.