The International Chamber of Commerce (ICC), headquartered in Paris, is the largest and most representative business organization in the world. Thousands of companies in over 130 countries having business interests across every sector of private enterprise are its members.
The ICC has a worldwide network of national committees who keep their members and organizations like the UN and the WTO informed on the latest relevant developments on International Business.
They have drafted various set of guidelines to ensure smooth and unambiguous trade transactions across the world. For e.g. UCP 600, URC 522, ISP 98, URDG 758 and such others… These guidelines are regularly updated by ICC with the help of more than 2,000 experts drawn from ICC’s member companies who act as consultants for such revisions and also other relevant discussions.