ABFN Ethics Codes

This ethics codes has been adopted by members of the International Ship Suppliers Association (ISSA) as a standard of business conduct, which will not only provide fair competition but will also be a criterion for good business practice. The code is intended to emphasize the high moral standards that guide its members, proving to the shipping industry that ISSA members are reputable and reliable companies.

Rule 1 – Misrepresentation
It is unethical to mislead or mislead buyers by the advertising, labeling or characteristics, quantities, size and weight of any product.

Rule 2 – Product Replacement
It is unethical to replace one product with another, when such substitution may mislead or mislead the buyer.

Rule 3 – Misleading Price Lists.
It is unethical to publish price lists that may mislead or mislead the buyer.

Rule 4 – Misleading Invoices, etc.
It is unethical to make invoices or similar documents that may mislead or mislead the buyer, competitor or public member.

Rule 5 – Prohibited Discrimination
It is unethical to give any credit, discount, repayment or other price differential, when it offends existing business practice, it would not only unfairly discriminate against buyers from similar companies, but would also give one of them a monopoly or unfair advantage.

Rule 6 – Forbidden to formulate trade restrictions – Set illegal prices, etc.
It is unethical to agree or conspire with other members to fix or maintain commodity prices, or to restrict trade.

Rule 7 – Forbidden to sell below cost or at exaggeratedly low prices
It is unethical to sell or offer products that are below cost or exaggeratedly low with the intention of diminishing competition, harming a competitor or creating a monopoly.

Rule 8 – Seduce Employees of Competitors
It is unethical to seduce a competitor’s employees and sales reps with the intention of diminishing competition, as long as this rule does not restrict an employee from seeking more favorable employment conditions.

Rule 9 – Defame competitors or disparage their products
It is unethical to disparage a competitor for falsely imputing him or her inefficiency, questionable credit situation or other dishonest conduct.