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Shipping was a thriving industry in Europe in the early 18th century. Maritime nations in Europe, especially the United Kingdom used shipping not only as a mean of trading with other nations but also as a tool for expanding the British Empire. With the steady growth of the shipping industry the need to form an association to discuss matters pertaining to the industry and to train people became very essential.
With this broad objective in mind, The Institute of Shipbrokers, which was mainly a London concern, was established in 1911. In 1920 the London Associations and other District Associations joined together and being incorporated by Royal Charter on 21st January 1920, became the Institute of Chartered Shipbrokers. The grant of a Coat of Arms was made in 1931.
The Diploma in Shipping of the institute is the stepping stone to the Advanced Diploma in Shipping & also the Qualifying Examination which eventually leads to the membership (MICS-UK).