China Sri Lanka city Qingdao quarantine Government prevention China Sri Lanka city Qingdao

People’s Bank pays USD 6.9 mn Qingdao Seawin

Reading now: 779
www.newsfirst.lk

COLOMBO (News 1st); The People’s Bank of Sri Lanka announced that a sum of USD 6.9 Million was paid to Qingdao Seawin Biotech Group Co., Ltd, on Friday (7) as per the Letter of Credit opened for the purchase of organic fertilizer.This announcement comes three days after the Colombo Commercial High Court dissolved an order preventing the payment to a Chinese company for imported fertilizer.The order was dissolved on the basis that the Chinese company and the Sri Lankan Government had reached a settlement on the issue.Sri Lanka’s Fertilizer companies informed the court that they reached a settlement with regard to the controversial Chinese Organic Fertilizer shipment.The terms that the plaintiff companies and the defendants, namely Qingdao Seawin Biotech Group Co., Ltd, its local agent, and People’s Bank, have agreed to for the settlement are as follows.1.

People’s Bank would release 75% of the consignment value to Qingdao Seawin Biotech Group Co., Ltd in terms of the Letter of Credit.2.

Qingdao Seawin Biotech Group Co., Ltd will obtain and provide certification for the raw material ingredients, and arrange fresh samples of a new consignment of organic fertilizer to be tested.In terms of the contract, the samples should be free of pathogens and to ship the consignment only after the tested samples have been found to be in compliance with the Plant Protection Act, No.

35 of 1999, and after an Import Permit is obtained for the bulk shipment.3. The amount released by People’s Bank will be set off after Qingdao Seawin Biotech Group Co., Ltd has shipped the second consignment.The Government had earlier suspended the importation of organic fertilizer from Qingdao Seawin Biotech Group Co., Ltd.

Read more on newsfirst.lk
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Alison Hammond - Julia Bradbury - Julia Bradbury thanks fan for support as she shares 'disgusting' health update - express.co.uk
express.co.uk
49%
949
Julia Bradbury thanks fan for support as she shares 'disgusting' health update
Twitter today to share the “disgusting” way she was trying to draw out toxins from her body.The Countryfile star shared a video of herself taking off a patch that she had left on the sole of her foot overnight for a “body detox”.In the clip, she can be seen pulling on the sticky material as she shows what looks like a brown residue left inside.Alongside the video, she explained: “How much fun did you have in bed last night?“I tried out these Body Detox foot patches to 'draw out toxins overnight'“How disgusting does this look?“They promise an array of benefits inc:improvements to your metabolism, immune system, insomnia, fatigue, migraines etc etc!”The unconventional method sparked a series of mixed reactions, with curious fans announcing they would try it, while others appeared more sceptical.Julia also used the social media platform to thank a fan for his support during her breast cancer battle.Twitter user Garycrisp1943 penned: “I know I don't know you, and I don't normally pour my heart out to strangers, but I've always admired your enthusiasm for the outdoors & nature.“I just want to send you & family well wishes in the hope you will find all the strength you need.” (sic)The TV star responded: “Thank you so much Gary,” alongside a tree branch and a green love heart emoji.Julia last week said her "healing is going very well" during an appearance on This Morning.Speaking to hosts Rochelle Humes and Alison Hammond from the This Morning Forest, Julia said it was "lovely to be back" in front of the camera.She also revealed she was recovering and undergoing physiotherapy following her double mastectomy.Julia said: “First of all, thanks to the whole This Morning team."You’ve been checking in regularly to check how I’m
People’s Bank removed from China Embassy blacklist - newsfirst.lk - China - Sri Lanka
newsfirst.lk
38%
539
People’s Bank removed from China Embassy blacklist
COLOMBO (News 1st); Sri Lanka’s People’s Bank has been removed from the blacklist of the Economic and Commercial Office of the Chinese Embassy in Sri Lanka, it was confirmed on Tuesday (11).On the 9th of January 2022; The People’s Bank of Sri Lanka has informed the Chinese Embassy in Sri Lanka of its request to be taken off the blacklist by the Embassy’s Economic and Commercial Office over the Chinese Fertilizer shipment that was rejected by Sri Lanka, after pathogens were detected in samples twice.This is after People’s Bank honoured the Letter of Credit obligation of USD 6.9 Mn to China’s Qingdao Seawin Biotech Group.The People’s Bank of Sri Lanka announced that a sum of USD 6.9 Million was paid to Qingdao Seawin Biotech Group Co., Ltd, on Friday (7) as per the Letter of Credit opened for the purchase of organic fertilizer.This announcement came days after the Colombo Commercial High Court dissolved an order preventing the payment to a Chinese company for imported fertilizer.The order was dissolved on the basis that the Chinese company and the Sri Lankan Government had reached a settlement on the issue.The People’s Bank of Sri Lanka was then blacklisted by the Economic and Commercial Office of the Chinese Embassy in Sri Lanka for failing to make the payment according to the Letter of Credit and the contracts between the two parties.
DMCA