Timeline:
Seawin won open bid, signed contracts, passed tests of China and Int'l agency designated by Ceylon Fertilizer, shipped before due.
NPQ SL disagreed in halfway, called toxic/harmful.
Ship refused. Third party test refused. L/C payment obligation refused.
PBSL blacklisted
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Thanks for the perspective. For practical purposes, how does this blacklisting work, if it's only the Commercial Section of the and not the Central Bank of China that imposed it? @mahenrr
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This is pure blackmail and could have been resolved ? We are ever so thankful for vaccine help from China but I’m disappointed to see this …
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This is pure blackmail
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The economic and Commercial Office of the Chinese Embassy blacklisted People's Bank for failing to make the payment according to the Letter of Credit. People's Bank in response stated that arrangements have been made to make the relevant payment after the court order is revoked.
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This is the normal procedure. SL gov. thought they can proceed it after the 2nd test. That is why they opened a LC. May be you don't know how LC works.
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What China think of themself ,Sri Lanka is not another Hong Kong . What you think we want to buy your dump
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Black listening peoples bank is a fundementally wrong mover. Payment held due to a court order and matter need to be sorted through the court.
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That is Chinese big brother treatment and tantrums.. and in the end big brother will have is way.. and we all shall live happily ever after.
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Small clarification: was NPQ SL approval/certification part of the original condition in contract?
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No. SL buyer has designated a third-party inspection agency to do the test. It's been passed.
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