Tilting of bank where ships observed? (6,4)

I believe the answer is:

lloyds list

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'where ships observed?' is the definition.
The definition suggests a singular noun which matches the answer.

'tilting of bank' is the wordplay.
'tilting of' becomes 'lloyds' (I can't justify this - if you can you should believe this answer much more).
'bank' becomes 'list' (referring to a ship, both can mean to tilt).
'lloyds'+'list'='LLOYDS LIST'

Can you help me to learn more?

I've seen this clue in The Times.

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