Glossary term
International Chamber of Commerce
The business organisation that publishes the Incoterms rules and the UCP for documentary credits.
A global business organisation whose rule-making shapes daily trade practice: it publishes the Incoterms rules and the Uniform Customs and Practice for Documentary Credits, the framework banks apply to letters of credit.
These are private rules, binding because contracts adopt them, not because any government enacted them. Abbreviated ICC.