International Chamber of Commerce: Difference between revisions
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(ICC) | (ICC). | ||
The [http://www.iccwbo.org/ International Chamber of Commerce] was founded in 1919 and established in Paris in 1920 to promote international trade. | The [http://www.iccwbo.org/ International Chamber of Commerce] was founded in 1919 and established in Paris in 1920 to promote international trade. | ||
It is widely known for the set of rules known as the Uniform Customs and Practice for Documentary Credits (UCP) which has become a universal market practice for documentary credits and for | It is widely known for: | ||
1. the set of rules known as the Uniform Customs and Practice for Documentary Credits (UCP) which has become a universal market practice for documentary credits, and | |||
2. for the ICC International Court of Arbitration - that is not a court or an arbitrator but facilitates the appointment of arbitrators and the process of arbitration between parties to disputes related to international trade that have agreed to follow its processes. | |||
Revision as of 14:59, 3 January 2018
(ICC).
The International Chamber of Commerce was founded in 1919 and established in Paris in 1920 to promote international trade.
It is widely known for:
1. the set of rules known as the Uniform Customs and Practice for Documentary Credits (UCP) which has become a universal market practice for documentary credits, and
2. for the ICC International Court of Arbitration - that is not a court or an arbitrator but facilitates the appointment of arbitrators and the process of arbitration between parties to disputes related to international trade that have agreed to follow its processes.
