Book Catalogue 2015

Institute of Chartered Shipbrokers Book Catalogue

Contents
Introduction to Shipping ...............................................................................................................6

Legal Principles in Shipping Business ......................................................................................7

Economics of Sea Transport and International Trade .................................................8

Shipping Business ..............................................................................................................................9

Dry Cargo Chartering ................................................................................................................10

Ship Operations and Management ....................................................................................11

Ship Sale & Purchase ..................................................................................................................12

Tanker Chartering ........................................................................................................................13

Liner Trades .......................................................................................................................................14

Port Agency ......................................................................................................................................15

Logistics and Multi-modal Transport .................................................................................16

Port and Terminal Management ...........................................................................................17

Offshore Support Industry .....................................................................................................18

Marine Insurance ..........................................................................................................................19

Shipping Finance ...........................................................................................................................20

Shipping Law ...................................................................................................................................21

Economics of Maritime Transport ,Theory and Practice ........................................22

Tanker Chartering (Philip Wood) ...........................................................................................22

Port Agency (Malcolm Latarche) ...........................................................................................22

Sale & Purchase (William V. Packard) ...................................................................................23

Quality Ashore ................................................................................................................................24

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 Institute of Chartered Shipbrokers Book Catalogue | 2015

Introduction

T he Institute of Chartered Shipbroker’s titles have evolved quickly since 2010. Before
then, the Institute did not have an internal department dedicated to supporting and
updating its books.

When book development was brought in-house in 2010, books were refreshed to bring
them up to date. Some were heavily edited and some were scrapped and the title was
started from scratch again. Each title was closely compared with the syllabus to ensure
that all parts of the subjects were covered. All this did much to encourage the reader to
look forward to turning over to the next page.

The Institute employed talented designers to lift the appearance of the books. High-
resolution images with captions were introduced to break up the text. Highly graphic
chapter separators were included, while paragraph and sub-paragraph titles were coloured
and graphs, charts and tables, trade routes and ship drawings were made much clearer.
Professional proof readers were engaged to bring some uniformity to the books.

The Institute continues in its search for excellence in its titles.

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Institute of Chartered Shipbrokers Book Catalogue

Introduction to Shipping
Foreword by Alan Marsh, FICS
Former CEO - Braemar Seascope
ISBN 978-1-908833-38-9
Pages: 336

Introduction to Shipping provides an overview

of the shipping industry. It defines and
describes all aspects of shipping, the
personnel who work in it, the history
behind it and touches on the financial side
of the industry.
The book also covers all forms of shipping
documentation, ship types, trade routes
and ports. In providing an authoritative
assessment of global shipping, Introduction
to Shipping is suitable not only for personnel
within the industry, but also for those in
other professions who wish to expand their
general understanding of this exciting and
dynamic industry.

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 Institute of Chartered Shipbrokers Book Catalogue | 2015

Legal Principles
in Shipping Business
Foreword by Richard Sayer, MICS

ISBN 978-1-908833-19-8
Pages: 376

Legal Principles in Shipping Business describes

the way that shipping law affects how the
industry conducts itself.
It explains the nuts and bolts of charter parties
and different types of shipping documentation
such as bills of lading and waybills. It describes
the principles and the essential ingredients of
Contract Law.
English law is the most widely used law
in shipping business. Nearly all practical
documents of an international nature involved
with shipping business are based on English
law. The book thoroughly explains concepts of
common law, case law and precedent and how
these contrast with statute law.
This title covers the role of arbitration in
dispute resolution, the different services
provided by maritime arbitrators and gives
details of arbitration centres. It describes the
advantages and disadvantages of arbitration
versus litigation.
This book will therefore be essential reading
for those studying Legal Principles in Shipping
Business, but will also be beneficial to everyone
who wishes to expand their knowledge of this
aspect of the industry a bit further.

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Institute of Chartered Shipbrokers Book Catalogue

Economics of Sea Transport

and International Trade
Foreword by Julian Bray,
Editor-in-Chief, TradeWinds
ISBN 978-1-908833-18-1
Pages: 256

T his authoritative book is both a great

introduction to the economics of the
shipping industry and a valuable reference
book for commercial practitioners. Economics
of Sea Transport and International Trade is an
easy-to-read reference for those who need
an overview of the economic and commercial
issues involved in the chartering, ownership
and management of ocean-going ships.
Diagrams and easy-to-follow graphs sup-
plement clear explanations of the supply and
demand for shipping. The book examines
the wider shipping industry - including tankers,
dry cargo, the liner trades and the sale and
purchase of ships - and describes the factors
within world trade which contribute to the
volatile cycles that affect the shipping industry.
The management of vessel operations as
well as the information that shipbrokers
need in order to operate within the industry
are covered.
Economics of Sea Transport and International
Trade details contractual and commercial
essentials that are specific to the maritime
industry and covers balance of payments and
currency exchange rates.

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 Institute of Chartered Shipbrokers Book Catalogue | 2015

Shipping Business
Foreword by HE Sultan Ahmed Bin Sulayem,
DP World Chairman
ISBN 978-1-908833-36-5
Pages: 222

S hipping business is the business of shipping

with all its complexity. There are hundreds
of roles in the industry and they all fit into the
whole like the pieces of a jigsaw puzzle.
This book describes in detail the vertical and
horizontal integration of business. It compares
the roles of the shipowner, the charterer,
the shipbroker, the agent and the duties of
back-office staff.
It explains the specifics of charter parties and
the various ways in which ships are employed,
including the cargoes they carry. The buying
and selling of ships is also covered.
For anyone intending to follow a specific career
path within the shipping sector, this book is
essential reading. Shipping Business will greatly
add to their knowledge and understanding of
the industry.

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Institute of Chartered Shipbrokers Book Catalogue

Dry Cargo Chartering

Foreword by Paul C. Over

ISBN 978-1-908833-41-9
Pages: 340

D ry Cargo Chartering describes work at the

coalface of the dry cargo sector, mainly
involving the shipping of bulk commodities.
This book explains how this part of the
industry works and also looks at the less
familiar cargoes and trades. It describes the
roles of the shipowner, the charterer and the
shipbroker and also the duties of back-office
staff. Readers will gain an understanding of the
nuts and bolts of charter parties and different
types of shipping documentation. The types
of employment of ships, including various
commodities and cargoes, are covered too.
This volume is aimed at industry personnel
who wish to proceed down a certain career
path within the shipping industry. This book
will be essential reading if that is a dry cargo
route, but it will also be highly beneficial to the
student who simply wishes to expand their
knowledge of the industry.

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 Institute of Chartered Shipbrokers Book Catalogue | 2015

Ship Operations and

Management
Foreword by Tony Dixon, FICS
Past Chairman of the Institute of Chartered Shipbrokers
ISBN 978-1-908833-22-8
Pages: 320

T he thousands of ships, vessels and craft

that are trading in the world today
all have to be operated and managed. For
some maritime operations, the task is a
relatively straightforward one, but it becomes
more challenging as the venture increases
in size and complexity. Ship management
and the operation of ships is a crucial branch
of shipbroking.
Anyone planning to study this complex subject
with a view to employment with a ship
operator or a ship manager should read this
book as it covers all areas that are necessary for
ship operations. These will include the ship, its
registration and classification, insurance, crews
and bunkers. The structure of shipowning
and management organisations is detailed in
the book as well as the ship manager’s legal
relationship with others. Voyage estimating and
accounting is also discussed.
Ship Operations and Management is also a
valuable reference to everyone who wants
to broaden their general knowledge of the
shipping industry and its myriad facets.

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Institute of Chartered Shipbrokers Book Catalogue

Ship Sale & Purchase

Foreword by Michael K. Drayton,
Former Chairman of the Baltic Exchange
ISBN 978-1-908833-39-6
Pages: 300

S pecialist ship sale and purchase brokers

have pioneered their own market over
the years. That market has developed its
unique ways of working, its own terminology
and dedicated documentation. S&P brokers
keep in contact with those companies that
possess vessels they might sell and those
that are considering buying such vessels. They
keep track of sales and prices to provide a
professional service to their principals.
This book describes how these professionals
represent the best interests of both buyer and
seller and how they should handle negotiations
between the parties and attend to the
necessary formalities once an agreement to
buy or sell has been reached.
The various ship sale contracts and clauses
are examined in great detail as well as the
demolition market and its standard forms.
Geography, ship registration, classification,
finance, and legal issues are some of the areas
covered in the book that are essential reading
for any successful sale and purchase broker.

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 Institute of Chartered Shipbrokers Book Catalogue | 2015

Tanker Chartering
Foreword by Philip J. Wood, FICS

ISBN 978-1-908833-40-2
Pages: 314

T he general impression of a tanker is a

huge vessel steaming from the Middle
East to consumer countries full of crude oil
to be refined. But the trade is much larger
and much more complex than that. Crude oil
is just a part of it; a large part, but there are
many other elements.
Crude oil is carried in very large crude
carriers, or VLCCs, as well as in Suezmax, LR2s
and Panamax tankers. This book explains the
characteristics of each type of vessel and their
typical trades. It also details other tanker trades.
These include clean products such as petrol
or gasoline, diesel, gas oils, jet fuels and all the
other refined products.
Oil is also refined into elements called chemical
feedstock. These end products are carried
around the world in chemical carriers. There
are also gas tankers. These carry natural gases
and petroleum gases.
This book is aimed at those who wish to train
as tanker brokers. As well as the ships and the
trades, it describes types of employment and
the relevant contracts. The book will also be
useful for those who wish to increase their
existing knowledge of the shipping industry.

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Institute of Chartered Shipbrokers Book Catalogue

Liner Trades
Foreword by Robert Woods,
CBE Chairman, P&O Ferries and President of ICS
ISBN 978-1-908833-25-9
Pages: 304

L iner trades represent one part of the

dry cargo sector. In the main they serve
manufacturing industries, transporting their
goods to the market.
The sector has changed and developed
over the years and is now mainly served by
container ships. There are other types of
ships utilised in liner trades and this book
details them. It covers the organisation and
management of a liner service and describes
co-operative ventures and consortia within the
various service networks. It details the financial
and legal aspects of the trades together with
describing various types of documentation.
This book is aimed not only at students who
wish to work in this sector, but it also targets
those who wish to increase their knowledge of
all aspects of shipping business.

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 Institute of Chartered Shipbrokers Book Catalogue | 2015

Port Agency
Foreword by Tim Gifford, FICS
Managing Director, Graypen
ISBN 978-1-908833-35-8
Pages: 210

I n an industry as international as shipping,

it is impossible for a ship operator to have
offices in every port where its ships might
call. Instead, ship operators rely on a network
of port agents to act as their eyes and ears
to ensure the safe and secure running of their
ships. As the representative of the ship, the
port agent helps keep global trade moving and
profits flowing.
Port Agency examines in detail this critical front-
line role. From the day-to-day duties expected
of a port agent and the legal background to
the role, to the mass of documentation needed
and relationships with principals, Port Agency
guides the reader through this fascinating
aspect of the shipping industry.
On a practical level, Port Agency explains the
concept of the ‘arrived ship’ and examines
the importance of tendering the notice
of readiness.
From a legal standpoint, Port Agency examines
the agent’s position in relation to other parties.

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Institute of Chartered Shipbrokers Book Catalogue

Logistics
and Multi-modal Transport
Foreword by Claus Hyldager,
CEO, Inchcape Shipping Services
ISBN 978-1-908833-26-6
Pages: 304

Logistics and Multi-modal Transport defines

and describes all aspects of shipping logistics
from factory outlet to customer and all stops
in between.
It describes transport by rail, by air and by
road. It covers all forms of documentation. It
goes into great detail on ships, on trade routes
and ports. It even covers the layout of storage
depots and factories.
Logistics and Multi-modal Transport gives an
authoritative assessment of the global choices
available to the freight transporter. It is not only
aimed at personnel within the logistics sector,
but also to those students who wish to expand
their knowledge of shipping in general.

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 Institute of Chartered Shipbrokers Book Catalogue | 2015

Port and Terminal Management

Foreword by Kim Fejfer,
CEO APM Terminals, The Hague, Netherlands
ISBN 978-1-908833-27-3
Pages: 154

P ort and terminal managements have had

to adapt fast to meet rising demand driven
by continuing high levels of world trade.
Globalisation is putting port models under
increasing pressure to remain competitive in
fickle cargo markets. Increasing productivity
– through expansion or better utilisation of
existing assets – is a must for economic survival.
Port and Terminal Management considers all
operational aspects of port functions, from
financing, legal concerns and planning to
competition, equipment and marketing.
Reviewed by leading industry experts, Port and
Terminal Management considers the trend of
privatisation and other ownership models and
looks at the marketing techniques that can
maximise profit potential. The age-old issue of
cost-effective and efficient labour is weighed
against the growing use of automation,
while the effect on bottom lines of trade
specialisation and larger ships is also given due
attention. Financing sources and international
legal considerations specific to port operations
also feature in this informative book.

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Institute of Chartered Shipbrokers Book Catalogue

Offshore Support Industry

Foreword by Howard D. Woodcock, FICS
Chief Executive, Bibby Offshore Holdings Limited
ISBN 978-1-908833-00-6
Pages: 276

T his authoritative book is both a great

introduction to the operational side of
the offshore support industry and a valuable
reference work for commercial practitioners.
Offshore Support Industry is an easy-to-read
reference for those who want an overview of
the technical and commercial issues involved
in the chartering, ownership and management
of offshore vessels. Complete with maps,
diagrams and photographs, this book covers
everything from the role of the support vessel
to knowledge of the wider offshore industry,
including exploration and production of oil and
gas together with offshore renewables.
Contractually, an offshore vessel charter
may share many common aspects with a
conventional charter party; indeed most
current contracts were adapted from existing
documents. But the nature of the work of
offshore vessels and the environment in
which they work, place them in a category
that requires industry-specific issues to be
addressed. This has consequences for the
management of vessel operations and for the
information that shipbrokers need in order to
operate within the industry. Offshore Support
Industry details contractual and commercial
variations that are specific to this growing industry.

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 Institute of Chartered Shipbrokers Book Catalogue | 2015

Marine Insurance
Foreword by Chris Adams,
Head of Loss Prevention, Steamship Mutual
ISBN 978-1-908833-31-0
Pages: 260

O ffering financial protection against

maritime and transit losses, marine
insurance gives the shipping industry the
confidence to trade. Without the shelter
to risk presented by insurance, shipping
transactions and operations would be severely
curtailed as players would have to rely on their
own funds to cover incidents, loss or damage.
Marine Insurance delivers a valuable briefing on
this important sector. London insurance and
reinsurance markets are reviewed, as are the
role of the marine insurance broker and London
market associations, such as the International
Underwriting Association of London.The book
analyses the Marine Insurance Act 1906 and
discusses the principles of marine insurance.
In addition, it details the nuances of particular
versus general average and covers indemnity
and third-party liability.
Looking at policies, Marine Insurance considers
facultative cargo insurance and cargo and time
clauses in great detail. It includes policies and
standalone Institute cargo clauses in full for
a better understanding of the complexities
involved. Claims are examined, and the
concepts of actual total loss, constructive
total loss and compromised total loss explained
in detail.

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Institute of Chartered Shipbrokers Book Catalogue

Shipping Finance
Foreword by James Kidwell,
Chief Executive, Braemar ACM
ISBN 978-1-908833-29-7
Pages: 172

F inance is at the heart of global industries

and shipping is no exception. Without
access to appropriate finance, the maritime
industry as we know it would cease to
exist. Whether it is the purchase of a ship,
investment in a shipping start-up or the outlay
into research and development, finance is the
engine of progress in the shipping world.
Shipping Finance takes the guesswork out
of fiscal planning, delivering professionally
reviewed guidance from both sides of the
financing fence. Taking the lender’s perspective,
Shipping Finance considers the basic principles
of good lending and sources of security for
loans. From the borrower’s angle, Shipping
Finance examines different equity sources,
from debt financing and the bond markets, to
various loans, securitisation and tax-efficient
financing schemes. It also examines the all-
important debt-equity balance, and Islamic
finance options.
Delivering an excellent insight into the pitfalls
of misreading the market cycles, Shipping
Finance includes several case studies on
shipping company failures. The book considers
the difficulty of attracting equity investment
into shipping, with examples of listed shipping
companies that have managed to overcome
this reluctance for equity investment.

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 Institute of Chartered Shipbrokers Book Catalogue | 2015

Shipping Law
Foreword by Michele White,
General Counsel, INTERTANKO
ISBN 978-1-908833-30-3
Pages: 376

T he law applies in some form to every

aspect of our lives and this is especially
so in shipping because shipping is such an
international and complex business.
Nearly all practical documents of an
international nature involved with shipping
business are based on English law and a vast
majority of international contracts of sale
of commodities and the contracts of their
carriage are governed by English law.
Shipping Law covers many areas of wet and dry
law. Legal aspects of charterparties and bills of
lading are examined and conventions on the
carriage of goods by sea are discussed. Ship
ownership and Admiralty jurisdiction, general
average, salvage, towage, collision, dispute
resolution and limitation of liability are some of
the legal issues considered in this book.
Problems and disputes will arise in all aspects
of shipping business and so Shipping Law will
be of great value to all professionals who are
involved in the business of shipping.

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Institute of Chartered Shipbrokers Book Catalogue

Economics of Maritime
Transport ,Theory
and Practice
By James McConville

ISBN 1-85609-162-7
Published: 1999
Pages: 424

Tanker Chartering
By Philip Wood, FICS

ISBN 1-85609-203-8
Published: 2000
Pages: 228

Port Agency
By Malcolm Latarche, FICS

ISBN 1-85609-157-0
Published: 1998
Pages: 198

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 Institute of Chartered Shipbrokers Book Catalogue | 2015

Sale & Purchase

By William Packard, FICS

ISBN 0-9548218-2-3
Pages: 272

T he merchant ship sale and purchase world

invariably holds a fascination for shipping
outsiders, as well as for those employed
elsewhere in the marine industries. Often,
only those deeply involved in the subject have
a true understanding of all that is entailed in
the process of transferring ownership of a
multitude of vessel types and sizes between
a galaxy of ship-owning organisations, ranging
from the largest of state corporations to the
newest, entrepreneurs. Few beyond those
experienced in the trade will experience
the sheer exhilaration of the launch of a
newbuilding, or the sadness of consigning
yet another hard-worked tramp vessel to
an ignominious end on a beach in the Indian
sub-continent.
Nevertheless, just as every merchant ship has
a beginning and (usually) an end to her career,
out of the complexity of everyday sale and
purchase life are identifiable elements and
procedures which can be separately analysed
under appropriate and logical headings. This
book is written in the anticipation that it will be
of value to those engaged in sale and purchase,
either very occasionally or regularly.

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Institute of Chartered Shipbrokers Book Catalogue

Quality Ashore
Foreword by Dr Helmut Sohmen, OBE, JP
Chairman, BW Group Limited
ISBN 978-0-901772-01-5 (Hardback)
ISBN 978-0-901772-02-2 (Softback)
Pages: 128

T he shipping world has changed

dramatically since the Institute of
Chartered Shipbrokers began. What shifts
there have been in mercantile prowess, types
of trade, seats of manufacturing and ship design.
Formed in 1911 to raise educational and
ethical standards and create a community
of professionals, the Institute was granted
a Royal Charter in 1929 in order that it
would become ‘the authority responsible to
the world for the character and ability’ of its
members. With its all important motto of
‘Our word our Bond’, it has duly become the
standard bearer of the profession across the
globe. This book is its story.

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 Institute of Chartered Shipbrokers
t: +44 (0)20 7623 1111 f: +44 (0)20 7623 8118 e: [email protected]

Book Order Form

Note: Cost Quantity Total (£)

Unless otherwise stated, latest editions will be supplied
Introduction to Shipping £70
Legal Principles in Shipping Business £70
Economics of Sea Transport and International Trade £70
Shipping Business £70
Dry Cargo Chartering £70
Ship Operations and Management £70
Ship Sale & Purchase £70
Tanker Chartering £70
Liner Trades £70
Port Agency £70
Logistics and Multi-modal Transport £70
Port and Terminal Management £70
Offshore Support Industry £70
Marine Insurance £70
Shipping Finance £70
Shipping Law £70
Tanker Chartering (Philip Wood) £25
Port Agency (Malcolm Latarche) £25
Economics of Maritime Transport – Theory and Practice £30
(James McConville)
Sale & Purchase (William Packard) £30
Quality Ashore - ICS History Book (Hardback) £30
Quality Ashore - ICS History Book (Softback) £20
Postage and packaging costs (per book)
United Kingdom £8
Europe £10
Rest of World £12
TOTAL COST £

The maximum postage cost is 5x the ‘per book’ cost, e.g. £40 for delivery in the U.K.
 Title: First Name: Last Name:

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Signed: Date:

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 Institute of Chartered Shipbrokers
t: +44 (0)20 7623 1111 f: +44 (0)20 7623 8118 e: [email protected]

Book Order Form

Note: Cost Quantity Total (£)

Unless otherwise stated, latest editions will be supplied
Introduction to Shipping £70
Legal Principles in Shipping Business £70
Economics of Sea Transport and International Trade £70
Shipping Business £70
Dry Cargo Chartering £70
Ship Operations and Management £70
Ship Sale & Purchase £70
Tanker Chartering £70
Liner Trades £70
Port Agency £70
Logistics and Multi-modal Transport £70
Port and Terminal Management £70
Offshore Support Industry £70
Marine Insurance £70
Shipping Finance £70
Shipping Law £70
Tanker Chartering (Philip Wood) £25
Port Agency (Malcolm Latarche) £25
Economics of Maritime Transport – Theory and Practice £30
(James McConville)
Sale & Purchase (William Packard) £30
Quality Ashore - ICS History Book (Hardback) £30
Quality Ashore - ICS History Book (Softback) £20
Postage and packaging costs (per book)
United Kingdom £8
Europe £10
Rest of World £12
TOTAL COST £

The maximum postage cost is 5x the ‘per book’ cost, e.g. £40 for delivery in the U.K.
 Title: First Name: Last Name:

Student registration number (if available)

Delivery address:

Postcode:

Email: Telephone:

Payment options

OPTION ONE:
I will pay using my credit/debit card
If sending this form by e-mail, please have your card details ready and call us on 020 7623 1111.
Alternatively, please fax your form to 020 7623 8118 with the following card details:
Please debit my account with the total cost of the items listed overleaf.
Card type: Visa Mastercard Switch/ Maestro **WE DO NOT ACCEPT AMERICAN EXPRESS

Card No. Expiry Date: Security Code:

Name (as shown on card):

Billing Address (if different from delivery address):

VAT Registration No: 447 0143 70 VAT ZERO RATED

OPTION TWO: OPTION THREE:

I will await an Invoice Number which I will I will send a UK sterling cheque made
then use as a BACS/transfer reference for my payable to ‘Institute of Chartered Shipbrokers’ to:
payment to the following account:
Institute of Chartered Shipbrokers
HSBC, 1-3 Bishopsgate, London, EC2N 3AQ 85 Gracechurch Street
Bank Sort Code: 40-02-31 London
BIC: MIDL GB 22 EC3V 0AA
IBAN: GB72 MIDL 4002 3111 4638 10 United Kingdom
Please ensure that you quote your invoice number
as the payment reference. All bank charges
are to be paid by the remitter.

Declaration
I confirm that all of the information on this form is accurate.

Signed: Date:

This form is not valid unless signed.

 To place an order, please complete the book order form and return it
to us by email, fax, post, or simply visit your local branch.

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Tel: +44 (0) 20 7623 1111 | Email: [email protected] | Web: www.ics.org.uk