Categories of Membership

Member (MICS) - Membership is achieved by candidates passing the Professional qualifying Examinations and having 4 years aggregated time in the shipping industry and then satisfying the council of their suitability.

Fellow (FICS) - Fellow are Members with sufficient seniority in the industry. They are entitled to be called as a "Chartered Shipbroker".

Retired - A fellow or Member who has retired from active shipping business. This entitles retired members to all the ordinary privileges of membership, including receipt of the Shipping Network, except the right to vote or take part in the affairs of the Institute. A reduced membership fee applies for the Retired Members.

Life - A retired person who has been a Fellow or Member of the Institute of more than 25 consecutive years membership. Applications are considered at Controlling Council annually.

Affiliate - This category of membership is open to either:

1) Holders of the Foundation Diploma who do not intend immediately to register for the Qualifying Examinations, or

2) Those who have completed the Qualifying Examination but without the work experience requirement for an application to Membership. The maximum time limit for this grade of membership is five years.

Student

A person, registered with the Institute, may

- apply to enter ICS Examinations
- apply for exemptions from ICS examinations on a case by case basis
- attend institute functions including branch events
- received the shipping Network journel.

How to become a Member

Applying for Membership

To be eligible for election as an individual Member a person shall comply with the following conditions:

a) Shall be not less than twenty-one yeas of age.

b) Shall have been engaged in the business or profession of a shipbroker or in a business having a bonafide connection with the profession of ship broking in the United Kingdom or elsewhere for a period or period aggregating at least 4 yeas either as a principal or employee and shall be so engaged at the time of application for election, provided that if the Controlling Council shall so determine three years may be accepted in the place of four years in the case of any candidate who has served such three years in a firm or company under any Fellow or Fellows;

c) He/She shall have passed the Qualifying Examinations of the Institute, or submitted an acceptable Dissertation in lieu thereof, unless exempted therefrom under these Bye-Laws;

d) Shall have satisfied the Controlling Council that he or whe is a fit and proper person to become a Member;

e) Upon successful election and payment or appropriate fee, the candidate will receive a certificate stating that he or she is a Member of the Institute of Chartered Shipbrokers and will thereafter be able to add the initials MICS after his or her name. The certificate at all times remains the property of the Institute and has to be returned if for any reason the person ceased to be a Member (at which time the right to be called as a Member will cease).

Those persons meeting the above conditions may apply for election to become a Member of the Institute of Chartered Shipbrokers (MICS).