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  • 3.4-COTTON MARKETING-PROMOTION OF GOOD TRADING PRACTICE

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  • Promotion of good trading practice

    Chapter 3 - Cotton marketing - Promotion of good trading practice 

     
     
    It is important to enforce and sustain good trading practices wherever possible. This evidently assists the performance and the satisfactory conclusion of contracts and promotes trade with reliable partners, without which uncertainty and problems may result.

    Disciplinary procedures, such as those contained in the ICA Bylaws, are intended to act as a disincentive to any Registered Firm of ICA in circumventing the List of Unfulfilled Awards and trading with a company that appears on that list. All parties should therefore consider the reputation and standing of their proposed trading partner before proceeding with negotiations and to contract.