International Chamber of Commerce

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International Chamber Of Commerce

International Chamber of Commerce Outline

The ICC was established in 1919 as a non-governmental organization. Its main purposes are to facilitate international trade and commerce, serve the needs of the international business community (for example, in 1989 the International Chamber of Commerce recommended the Uniform Rules of Conduct for Interchange of Trade Data by Teletransmission for the purpose of establishing the minimum standard for the use of electronic data interchange, known as EDI, in international commerce and trade), and promote the idea of an open market for goods and services and the free flow of capital. Its membership consists of many companies and associations from more than 130 countries. With national branches in many countries, the International Chamber of Commerce’s headquarters are in Paris.

The International Chamber of Commerce is well known for its publications of international commercial and trade customs and usages. For example, Incoterms 1990 are commonly adopted in contracts for international sale of goods, and the UCP 500 is accepted by banks throughout the world. In addition, a great number of other ICC publi-cations, which reflect the common international usages and practices in the areas concerned, are also frequently used by the international business community, such as the:

  • ICC Uniform Rules for Contract Guarantees,
  • ICC Uniform Rules for Contract Bonds,
  • ICC International Code of Sales Promotion,
  • ICC Code on Sponsorship,
  • ICC International Code of Practice on Direct Marketing, and
  • ICC Rules of Conciliation and Arbitration

The publications provide a basis or guidance for parties to commercial transactions, as they represent the common commercial practices which the parties are likely to follow.The ICC has a number of sub-organizations, which play an active role in international trade and commerce. The most frequently used service provided by the sub-organizations is the ICC International Court of Arbitration. In addition, the International Chamber of Commerce also has the International Bureau of Chamber of Commerce (IBCC), the Institute for International Business Law and Practice, World Industry Council for the Environment (WICE) and ICC Commercial Crime Services (consisting of Commercial Crime Bureau, International Maritime Bureau and Counterfeiting Intelligence Bureau). The International Chamber of Commerce has contributed extensively to the development of international commercial law since 1919. (1)

Legal Materials

The ICC Web site (www.iccwbo.org) posts information about the ICC, a comprehensive list of ICC publications, ICC rules and lots of related information. For questions, see the ICC’s Contacts page.

International Chamber of Commerce in International Trade

Meaning of ICC (International Chamber of Commerce), according to the Dictionary of International Trade (Global Negotiator): Founded in 1919 and headquartered in Paris, France, ICC is the most important world business organization. Its role is to promote free trade and private enterprise, and to represent business interests at national and international levels. ICC has drawn up a number of widely accepted rules that govern the conduct of business across borders – some of its best products are Incoterms rules, the current version of Uniform Customs and Practice for Documentary Credit (UPC 600), arbitration services and other publications. The ICC International Arbitration Court is one of the best services provided by ICC. The organization has more than 10000 members in more than 130 countries throughout the world and is coordinated by national committees in the world’s major capitals. Website.

International Chamber of Commerce

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See Also

  • International Organization
  • Foreign Relations
  • Intergovernmental Organization
  • Regional Organization
  • Regional Integration

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Notes

  1. John Mo, International Commercial Law

See Also

  • Arbitration
  • Mediation
  • Alternative Dispute Resolution
  • International Trade
  • International Commercial Law Scope
  • Arbitral Institutions
  • International Trade Law Scope
  • List of Electronic commerce legal resources in internet
  • International Commercial Law
  • Electronic Commerce Law
  • International business arbitration

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