BCCI President Sharad Pawar and ICC Chief Executive Officer Malcolm Speed, who met here at the former's ministerial office, said that both sides had a "much better understanding" of each other's issues.
"The BCCI and the ICC now have a clear understanding of each other's point of view. We hope to solve the issues as soon as possible so that we can concentrate on the preparation for the 2006 Champions Trophy," Pawar, also the Union Minister for Agriculture, said after the meeting with Speed.
The BCCI finds itself in a tricky situation with regard to signing the host nation agreement with the ICC since two of the three venues, Mumbai and Delhi, have their own agreements with various corporates.
Speed said that one of the issues arising out of the existing contract it had with Global Cricket Corporation, who hold the rights for all ICC events till 2007, is that "we require clean cricket venues."
"The grounds must be free of any ad signages so that we can maximise the revenue for our sponsors," the ICC chief said.
Pawar said that Delhi had a contract with ITC who had been supporting them for long and similarly Tatas had been lending big support in Mumbai.
Speed said such problems had been overcome during past events.
"We had similar problems in 2002 (Champions Trophy) in Sri Lanka and the 2003 World Cup (in South Africa) as well.
"If we cannot resolve the issues, we look at a different venue. That is why last time in England (in 2004 Champions Trophy) there were no matches at Lord's. We had it at The Oval," Speed said.
He, however, refused to speculate on whether the matches could be moved out of Mumbai and Delhi.
Asked how did the ICC decide on the three venues, Kolkata being the third, Speed said "we made a decision based on the recommendations of the previous (BCCI) administration. Obviously, new issues have cropped up."
Speed said the ICC was open to have more than three venues "without increasing the production cost."
Pawar distanced himself from comments by I S Bindra, BCCI Marketing Committee member and former president, that the event had become a burden on the host nation.
"That is his personal view. Our whole approach has been to find a way as to how organise the event efficiently," the BCCI chief said.
Speed said, "I don't know how it (the event) can be a burden on the host, it is a great way to promote the game."
Speed said India would be receiving a certain portion of revenues as the host nation and also its share of the profit as one of the 10 Test nations while a certain amount from the event went to the ICC towards funding several development programmes.
GCC Director Ian Fiykverg said his company was happy with the association with the ICC. "There have been issues. Obviously it would be fine if there was none, but life is life, we hope to sort it out."