Syllabus of the Subject: Anti-corruption Clause of the International Chamber of Commerce (ICC)
Sample of the Subject: Anti-corruption Clause of the International Chamber of Commerce Description of the Subject: Anti-corruption Clause of the International Chamber of Commerce In 1919 (Paris, France) was created one of the largest business organisations in the World: The International Chamber of Commerce (ICC). One of the objectives of the International Chamber of Commerce is to promote the open trade and investment, creating instruments for the companies such as the Incoterms® 2020, the Uniform Customs and Practice for Documentary Credits (URU), standard contracts, codes of good practice or the anti-corruption clause.
The International Chamber of Commerce has developed an anti-corruption clause that may be included in any foreign trade contract. This clause is a contractual basis by which the parties undertake to adhere to the provisions of voluntary rules to combat corruption of the International Chamber of Commerce. The anti-corruption clause serves both for Small and Medium Enterprises and large multinationals. An exporting company wishing to include the anti-corruption clause in their international sales contracts does not need any permission from the International Chamber of Commerce. The anti-corruption clause is based on the principle of self-regulation. The acceptance of the Anti-corruption Clause is voluntary by the involved companies. The only restriction is that the interpretation of this clause corresponds to the International Chamber of Commerce. International Federation of Freight Forwarders Associations (FIATA) Transport Documents and the International Chamber of Commerce
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