Breached Contracts

Contract Number: 1077914475 issued on February 27, 2004, 3:41 pm and became overdue for payment on May 30,2004

Company Name: New Port International, Inc.
Address: #159 Samsung-Dong
World Trade Center Bldg. 27th Floor
City: Kangnam-ku Seoul Korea
Contact: Soo Paik Lee, President
Telephone: 82-11-412-6025
Fax: 82-2-501-8044

Shipping to New Port International located in Kangnam-ku Seoul Korea

Client ordered 100000 MTW of our material code 200-206 for 12 months at a price of $ 140 USD to be unloaded in Korea, South - Pusan (Busan)
Client currently owes $ 168,000,000 USD from May 30,2004 which is a full breech of contract on the initial amount of $ 14,000,000 due on May 30,2004
Client has not made any attempt to settle this debt nor to make any payment thereon and is assumed to be financially insolvent.
Client has made the following comments related to this posting: