International Cotton Association
trade association

The International Cotton Association (ICA) is a trade association and arbitral body that operates on a not-for-profit basis in the commodity of cotton.
Formerly the Liverpool Cotton Association, it was formed in 1841 in Liverpool, UK, by a group of cotton brokers who created a set of trading rules to regulate the sale and purchase of raw cotton.
The ICA is made up of member firms or individuals from the international cotton supply chain.
It is one of the founding members of CICCA (Committee for International Cooperation between Cotton Associations) and has established partnerships with other global cotton associations including the China Cotton Association, Bremen Baumwollboerse and the Gdynia Cotton Association.
Overview
The ICA has two primary functions (the ICA Bylaws and Rules and an arbitration service) and it provides support facilities that include training, trade events, networking forums and cotton testing through a joint venture company (ICA Bremen).
ICA Bylaws and Rules
The Bylaws and Rules were 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 updated in line with current industry practice and are published in a variety of languages: the most recent edition was published in January 2023. The Bylaws are binding on members and are incorporated in all member cotton contracts, while the Rules may be changed by agreement between the buyer and the seller in any deal.
ICA arbitration
If cotton is traded under ICA Bylaws and Rules, parties have the right to apply for ICA arbitration in the event of a contract dispute.
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This entry incorporates text from “International Cotton Association” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.