If you trade under ICA Bylaws & Rules, you have the right to apply for ICA arbitration in the event of a contract dispute. Arbitration is a dispute resolution process that provides an impartial way to resolve disputes without having to take court action.
Why choose us?
You will receive an impartial and internationally recognised arbitration service that upholds the sanctity of contracts and promotes good trading practice. You also gain our commitment to ensure that disputes are settled as quickly as possible. ICA arbitration awards can be enforced in foreign courts under international law, following an agreement made in New York on 10 June 1958 on the recognition and enforcement of foreign arbitral awards: United Nations Convention on the Recognition and Enforcement » New York Convention
What types of Arbitration are there?
For disputes arising from the manual examination of the quality of cotton and/or quality characteristics that can only be determined by instrument testing.
For all other non-quality disputes (NB: If the total value of your claim does not exceed US$75,000, you can apply for ‘small claims technical arbitration’)
Referring disputes to arbitration
It is good practice to include an arbitration clause when entering into a contract. The ICA has a model arbitration clause available for members to use.
Full details can be found in the ICA Bylaws & Rules – Section 3: Arbitration.