Cost of membership
The cost of ICA Mutual membership is based on the amount of cotton you trade – just 1 US cent point per pound.
It works on the logic that the more you trade, the more contracts you have and the more chances there is for something to go wrong (leading to an arbitration, gaining an award and enforcing it).
The cost is charged annually using the midpoint of your tonnage band multiplied by 25 US cents per tonne. You are covered throughout your ICA Mutual membership period only.
0 – 20,000 tonnes
US $2,500/yr
20 – 50,000 tonnes
US $8,750/yr
50 – 200,000 tonnes
US $31,250/yr
Over 200,000 tonnes
US $50,000/yr