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ISO 14224:2016 provides a comprehensive basis for the collection of reliability and maintenance (RM) data in a standard format for equipment in all facilities and operations within the petroleum, natural gas and petrochemical industries during the operational life cycle of equipment. It describes data collection principles and associated terms and definitions that constitute a "reliability language" that can be useful for communicating operational experience. The failure modes defined in the normative part of this International Standard can be used as a "reliability thesaurus" for various quantitative as well as qualitative applications. This International Standard also describes data quality control and assurance practices to provide guidance for the user. Standardization of data collection practices facilitates the exchange of information between parties, e.g. plants, owners, manufacturers and contractors. This International Standard establishes requirements that any in-house or commercially available RM data system is required to meet when designed for RM data exchange. Examples, guidelines and principles for the exchange and merging of such RM data are addressed. This International Standard also provides a framework and guidelines for establishing performance objectives and requirements for equipment reliability and availability performance. Annex A contains a summary of equipment that is covered by this International Standard. ISO 14224:2016 defines a minimum amount of data that is required to be collected, and it focuses on two main issues: - data requirements for the categories of data to be collected for use in various analysis methodologies; - standardized data format to facilitate the exchange of reliability and maintenance data between plants, owners, manufacturers and contractors.