A new edition of the ICA Bylaws & Rules go live this Friday – 1 July 2016 – and will apply to all contracts made on or after this date. The English language version is now available as a FREE download from our website, with other language versions coming soon.
A number of updates have been introduced since the last edition and if you trade under ICA Bylaws & Rules, we encourage you to make yourself familiar with the changes, which are indicated by a vertical line on the right-hand side of the document.
The ICA Bylaws & Rules were originally created in 1863 to regulate the sale and purchase of raw cotton. They can be applied to contracts covering the purchase and sale of cotton between any two companies anywhere in the world. They are continuously updated in line with current industry practice and are published in a variety of languages.
Today, it is estimated that the majority of the world’s cotton is still traded under ICA Bylaws & Rules and, whilst they have changed with time, their aim remains the same – to create a safe trading environment and protect the legitimate interests of all those who trade cotton, whether buyer or seller.