It’s a Chain Stopper, Cable Stopper

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A fitting used to secure the anchor chain when riding at anchor, thereby relieving the strain on the windlass, and also for securing the anchor in the housed position in the hawsepipe. Chain stopper usually consists of two parallel vertical plates mounted on a base with a pivoting bar or pawl which drops down to bear on a chain link.

A hinged bar is fitted in the chain stopper which may be dropped between two links of the chain in order to prevent the chain from running out when the windlass brake is released.

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Source: Wartsila

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