Important message regarding SIMA letter
The Southern India Mills’ Association (SIMA), Coimbatore circulated a letter to all their members on 3 June 2020 about ‘Enforcement of force majeure clause in the contract relating to the import of cotton’. This letter can be viewed here >
Unfortunately, there were several inaccuracies and misrepresentations of international obligations contained in this letter. The International Cotton Association has written to SIMA to correct these inaccuracies and misrepresentations, which relate to ICA Arbitration, Force Majeure and Implementation. You can view our letter here >
The ICA continues to promote safe trading and contract sanctity. In these extraordinary circumstances we encourage all parties to be adaptable to each other’s circumstances and to find mutually agreeable terms thereby avoiding disputes, arbitration and defaults during these trying times.