Posts Tagged ICC

ICC and China Chamber of International Commerce Agreement

30 April 2012, Paris
 
ICC and the China Chamber of International Commerce (CCOIC) signed a new memorandum of understanding (MOU).
 
“Our partnership will help expand ICC’s coverage of world markets and strengthen the respective networks of both organizations,” said ICC Secretary General, Jean-Guy Carrier.

 

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New ICC Investment Guidelines

23 April 2012, Doha, Qatar
 
The International Chamber of Commerce (ICC) has re-issued its Guidelines for International Investment.
 
These revised guidelines is addressed to members of the global business community, government officials and stakeholders. The new guide define the investor and the government roles in the new challenges of the international investment environment. The aim of the Guidelines is to facilitate cross-border investment for investors and governments.
 
View the ICC Guidelines for International Investment.

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Signature of EUROCHAMBRES/ ICC Cooperation Agreement

The EUROCHAMBRES and ICC signed on March 13th a cooperation agreement to enhance collaborative efforts and communication between the two organizations.
 
Sharing the same goal of promoting international trade as a driving force for economic growth and prosperity, both organization include in this agreement issues as regulation of the financial markets, alternative dispute resolution and representation of business at the G20.
 
The Association of European Chambers of Commerce and Industry (EUROCHAMBRES) and the International Chamber of Commerce (ICC) are the transnational organizations that serves the economical interests of its members and the global trade in general.

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New ICC Court’s Secretariat in New York

The International Court of Arbitration of the International Chamber of Commerce (ICC) has announced a new office of the ICC Court’s Secretariat in will be open in New York. This it will be the third Secretariat office of the International Court of Arbitration, after Paris and Hong Kong. The ICC’s Court had stabilised representative office in Singapore, Panamá and Tunis.
 
Arbitration is one of the organization’s three main activities along with rules-setting and policy for international trade and investment.

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Incoterms ® 2010

On 1 January 2011 Incoterms® changes into Incoterms ® 2010 revising some of the existing rules.
 
Incoterms® 2010 defines 11 rules, divided in two sections:
 
– Rules for Any Mode(s) of Transport
EXW – Ex Works
FCA – Free Carrier
CPT – Carriage Paid to
CIP – Carriage and Insurance Paid to
DAT – Delivered at Terminal
DAP – Delivered at Place
DDP – Delivered Duty Paid
 
– Rules for Sea and Inland Waterway Transport
FAS – Free Alongside Ship
FOB – Free on Board
CFR – Cost and Freight
CIF – Cost, Insurance and Freight
 
The new Incoterms® 2010 reduced the 13 rules used in Incoterms® 2000 to 11 rules by introducing two new rules (DAT, DAP) which replace four rules of the prior version (DAF, DES, DEQ & DDU).
 
More information on the official website of International Chamber of Commerce.
 

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