Who is the ICC?
The International Chamber of Commerce (ICC) is the international body that helps to create a system of standards and regulations that can be administered across all industries on an international level to promote open and sustainable trade practices.
The ICC was created in order to help businesses reach common standards as well as agreed upon terminology in order to help create transparency and clarity in cross-border trade talks and relationships.
The International Chamber of Commerce is an organization with headquarters in Paris, France and contains millions of members from around the world in a variety of industries.
The ICC standards include a standard set for terminology that is helpful in allowing trade partners to easily communicate and relate to one another in an open and transparent manner.
The ICC terminology includes the list of Incoterms (international commerce terms) that are commonly used across industries for trade with a revised edition for 2020 to be released.