Terms of Dispute Rights and Responsibilities Statement of Parties-World Credit Organization

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    • 10.7 The parties object to the rights and responsibilities statement clause

    In most of the ICE8000 standards, there are the following clauses: "If any relevant party knows or should know that any clause or situation of this standard has not been complied with, but still fails to expressly raise a written objection to the non-compliance in a timely manner, It is regarded as a waiver of its right to raise objections. The party that waives should bear the legal consequences such as losses caused by the waiver, and the World Credit Organization [WCO] and other relevant parties are not responsible for this.”

    This clause clearly states that the parties to the ICE8000 standard have the right and the responsibility to file a written objection when they discover objections, otherwise, they will be deemed to have waived the right to object. This clause may be referred to as a term reference statement clause.

    The main functions of this clause are:

    1. Give the parties the constant right to object, so as not to damage the legitimate rights and interests of the parties.

    2. Give the parties the responsibility for dissenting all the time, so as to prevent the parties from maliciously hiding their objections, intentionally creating losses and allowing the losses to increase, and then maliciously seeking compensation.

    The above content is excerpted from "Building an Integrity Unit - ICE8000 Integrity Management" (written by Fang Bangjian, free to use, but please indicate the source)