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ICC Recommended Procedures for Commodity Commercialization: Documents, Payment Instruments, and Third-Party Inspections

April 3, 2023April 3, 2023 by Federico Kroupensky

Commercial procedures for the international trade of commodities can be complex, involving numerous documents, payment instruments, and third-party inspections. To facilitate these transactions and provide a framework for the parties involved, the International Chamber of Commerce (ICC) has developed guidelines and procedures that are widely recognized and used in the industry. In this article, we … Read more

Categories Agricultural, Aluminum A7, Barley, Beef, Cereals, Chicken, Coal, Commercialization, Commodities, Copper, Corn, Corn, Crude Oil, Documentation, Edible Oils, Energy, Ethanol, Fuel, Gas, Gas Oil, Gasoline, Gold, International Entrepreneurship and Consulting, Iron, Jet Fuel, Lamb, Lead, Legislation, Meats, Metals, Nickel, Not Fuel, Olive, Palladium, Palm, Platinum, Pork, Propano, Rapeseed, Rebar, Rice, Services, Silver, Sorghum, Soybean, Soybean, Steel, Sugar ICUMSA45, Sunflower, Sunflower, Tin, Uranium, Wheat, Wood Pellets, Zink Tags commercialization, commodities, confidentiality, divisible letters of credit, DLC, documents, Escrow Account, FCO, fraud prevention, ICC, ICPO, IMPFA, intermediaries, Krou Trading LLC, LOI, NCNDA, non-divisible letters of credit, non-transferable letters of credit, paymaster, payment instruments, procedures, SBLC, SCO, SGS, SPA, successful commodity transactions, third-party inspections, transferable letters of credit Leave a comment
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