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SIMA Letter – Response to ICA

We recently informed you of some inaccuracies in a letter circulated by the Southern India Mills’ Association (SIMA) to their members. View the full details here >

Since then, SIMA have circulated the ICA’s response to their members along with advice from their legal experts. Unfortunately, this advice continues to contain inaccuracies. SIMA’s letter can be viewed here >

The International Cotton Association has replied to SIMA to correct these inaccuracies. You can view our letter here >
The ICA continues to encourage all parties to be adaptable to the extraordinary circumstances and to find mutually agreeable terms thereby avoiding disputes, arbitration and defaults during these trying times.