The purpose of a custom washer is to distribute the weight of a threaded fastener to prevent loosening or leakage. Rubber washers isolate pressure and distribute it evenly. Generally, rubber washers are placed underneath nuts, axles, and joints.
There are some differences between rubber washers, shims, and collars. Although they all attach in approximately the same way, they have different purposes. Collars are used as stop features for equipment such as speed measuring devices, whereas shims are used to support, provide a better fit, or level a given surface.
Custom collars, custom shims, and custom washers are required when standard sizes do not fit the application, when a special compound is required to withstand specific heats and pressures, or when required to distribute weight in a certain way.