Longitude Act passed in July 1714. For details on many of the efforts towards determining the longitude, see History of longitude. The Longitude Act offered a series of rewards, rather than a single prize. The rewards increased with the accuracy achieved: £10,000 (worth over in ) for anyone who could find a practical way of determining longitude at sea to an accuracy of not greater than one degree of longitude (equates to at the equator). The reward was to be increased to £15,000 if the accuracy was not greater than 40 minutes, and further enhanced to £20,000 if the accuracy was not
Nautical time maritime usage, GMT retains its historical meaning of UT1, the mean "solar" time at Greenwich. UTC, "atomic" time at Greenwich, is too inaccurate, differing by as much as 0.9 seconds from UT1, creating an error of of a minute of longitude at all latitudes and which is at the equator but less at higher latitudes, varying roughly by the cosine of the latitude. However, DUT can be added to UTC to correct it to within 50 milliseconds of UT1, reducing the error to only . In practice, nautical times are used only for radio communication, etc. Aboard the ship, e.g.