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Home > Blog > An introduction to the Institute of Chartered Shipbrokers

An introduction to the Institute of Chartered Shipbrokers

If you are unaware of what a shipbroker is and what type of work it is responsible for, there is a useful post, titled 'What does a Ship Broker Do?', elsewhere on this blog that can provide you with a to-the-point and easy-to-comprehend explanation. However, in that blog post, we refer briefly to an organisation the importance and work of which warrants, as far as we are concerned, much greater explanation – and that organisation is the Institute of Chartered Shipbrokers. Below, we explain more about this body and how it benefits many shipping companies.

In a nutshell, what is the Institute of Chartered Shipbrokers?

This body, which is commonly referred to as the ICS, is basically a regulatory body which ensures that the shipbroking industry adheres to legal, ethical and environmental practices of the highest standards. As part of this work, the ICS not only regulates the industry and the shipping companies operating within it, but also enables many people within the industry to obtain a wealth of advanced qualifications that can help them in enhancing the standards of their working practices.

A basic history of the Institute of Chartered Shipbrokers

This organisation was founded in 1911 before it was awarded a Royal Charter in 1920. In 1984, this Charter was amended to allow membership of the organisation to be bestowed upon companies and non-British subjects. This change has ensured that, today, the Institute has a genuinely international reputation and offers a plentiful number of opportunities for networking.

The state and reputation of the Institute today

Today, the ICS is the only globally recognised maritime-related professional body. Worldwide, it represents shipbrokers, ship managers and agents through 24 branches in crucial shipping areas, 4000 individuals and 120 company members.

Today, the Institute is also regarded as a major provider of education and training to many chemical transport and liquid transport companies. It sets and examines the syllabus for membership of the Institute, runs a wide range of courses intended for taking by both new and experienced members of the shipping industry – including entire cargo shipping companies - and runs its own distance learning programme called TutorShip. TutorShip courses can be taken in 17 Institute Teaching Centres worldwide. If you run or work for one of the many shipping companies, having read this, you might have a much greater idea of how the ICS could help you.