many household extension cords (and lamp cords) are 16 gauge (13 amps) whereas the breakers on the circuits where they're used are 15 amps.
How is it that it's safe to use a 16 gauge cord? Even if the appliance plugged into it uses less than 13 amps, it's possible that the appliance might malfunction and draw more current: maybe not enough to trip the breaker but enough to exceed the cord's rating.