We remind our Members that it is important to check whether your final buyer (the Notifying Party) appears on the ICA Lists of Unfulfilled Awards Part 1 or Part 2 (LOUAs).
It is a shipper’s responsibility to ensure that the final buyer (the notifying party) is not listed on either LOUA 1 or 2. Even where there is no contract between the shipper (merchant) and the final buyer, it is the shipper’s responsibility to make sure that the notifying party meets this standard. If the shipping instructions nominate a listed party as the final destination, then the merchant must request an alternative. We are all responsible for making our cotton value chain secure and safe.
If the final buyer (the Notifying Party) appears on either LOUA lists, unless specifically authorised by the ICA (for example, when trading out a settlement agreement) shipments to that buyer must be refused by ICA Members. Not taking this action is perceived as circumvention and is likely to lead to an ICA investigation.
The up-to-date LOUAs may be found on the ICA website here > (you must be logged in as a Member to access LOUA Part 2).
Members are also reminded to contact the ICA if they find their final buyer (the Notifying Party) is on either of the ICA’s LOUAs by emailing email@example.com.