What is International Chamber of Commerce in SAP SD-FT - Foreign Trade?

SAP Term: International Chamber of Commerce

• Component: SD-FT

• Component Name: Foreign Trade

• Description: An organization that publishes Incoterm books and establishes rules for negotiating a letter of credit Publication 500.

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• Key Concepts: 
  The International Chamber of Commerce (ICC) is an international organization that sets standards for international trade. It is a non-governmental organization that works to promote global trade and economic development. The ICC provides a platform for businesses to discuss and resolve trade-related issues. It also provides a forum for governments to negotiate and develop international trade agreements. 
  
  How to use it: 
  In SAP, the International Chamber of Commerce (ICC) component is part of the SD-FT Foreign Trade module. This component allows users to manage foreign trade activities such as export/import, customs clearance, and other related processes. It also provides tools for managing documents related to foreign trade, such as invoices, certificates of origin, and other documents. 
  
  Tips & Tricks: 
  When using the ICC component in SAP, it is important to ensure that all documents are up-to-date and accurate. This will help ensure that all foreign trade activities are compliant with international regulations. Additionally, it is important to keep track of any changes in regulations or laws that may affect foreign trade activities. 
  
  Related Information: 
  For more information about the International Chamber of Commerce (ICC), please visit their website at https://iccwbo.org/. Additionally, for more information about the SD-FT Foreign Trade module in SAP, please visit the SAP Help Portal at https://help.sap.com/viewer/product/SAP_ERP_SD_FT/6.0/en-US.