World Credit Organization (WCO) Commodity Recommendation and Supervision-World Credit Organization

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ICE8000 credit knowledge column
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  • 2. "Building an Integrity Unit——ICE8000 Integrity Management"
  • 3. "ICE8000 Credit Investigation, Analysis, Rating"

    • 5.11 World Credit Organization (WCO) commodity recommendation and supervision

    In order to improve the credibility of products and services, members of the World Credit Organization (WCO) can apply for products recommended by the World Credit Organization (WCO). Applicable standards: "World Credit Organization (WCO) Commodity Recommendation and Supervision Standards" (https ://www.ice8000.org/acnhwgc/100.htm). Due to the strict supervision of the World Credit Organization (WCO), the quality of recommended goods and services can be guaranteed.

    5.11.1 Recommended conditions and procedures

    1. The recommended products should all meet the following conditions:

    (1) Has been a member for more than one year;

    (2) Clear and detectable product quality standards have been filed, and the quality standards should be higher than the national standards, and those without national standards should be higher than the general situation in the market;

    (3) Before the release of the recommendation announcement, a reasonable number of tests have been carried out in 12 months and by means of sampling, and the test results show that the filing standards are met.

    Second, the recommended procedure is as follows:

    (1) Apply for and record the product quality standards;

    (2) Publish the announcement of the start of the application process and publicize the product quality standards;

    (3) The World Credit Organization (WCO) entrusts professionals to conduct a reasonable number of random inspections within 12 months, and at the same time discloses and collects the test results that can be re-inspected with prizes;

    (5) If no objection is raised or the objection is verified to be untenable, and the random inspection is still qualified within the objection period, a formal recommendation announcement will be issued.

    5.11.2 Supervision and advance payment of recommended products

    1. Members should pay recommendation fees according to the regulations. The World Credit Organization (WCO) establishes a supervision fund for supervision matters such as commodity sampling inspection and advance payment.

    2. The World Credit Organization (WCO) conducts random random inspections on recommended products from time to time. The sampling data is open to the whole society. The cost of random inspection shall be paid from the recommendation fee paid by the inspected member, and if it is insufficient to pay, the insufficient part shall be borne by the member.

    3. After the quality problem of the recommended product occurs during the quality assurance period, if the party whose interests are damaged has membership status or is guaranteed by a member, after making a good faith commitment with additional CS clauses and conscience oath clauses, the World Credit Organization [ WCO] for advance payment.

    4. Members or the World Credit Organization (WCO) should disclose any situation that may affect the quality of recommended products as soon as possible according to the "ICE8000 Information Disclosure Standards".

    5. For other supervision methods, see "World Credit Organization (WCO) Membership Supervision Standards".

    The above content is excerpted from "Introduction to ICE8000 Credit Knowledge" (written by Fang Bangjian, free to use, but please indicate the source)