Breached Contracts

Contract Number: 1078290921 issued on March 3, 2004, 12:15 am and became overdue for payment on March 18,2004

Company Name: World Industrial Co.
Address: 400-16, Younsan- Dong

City: Younjae-Ku, Pusan, Korea
Contact: Jin Han Park
Telephone: 82 51 759 8388
Fax: 82 51 759 8387

Shipping to World Industrial Co. located in Younjae-Ku, Pusan, Korea

Client ordered 90000 MTW of our material code 200-206 for 12 months at a price of $ 162.00 USD to be unloaded in Korea, South - Pusan (Busan)
Client currently owes $ 174,960,000 USD from March 18,2004 which is a full breech of contract on the initial amount of $ 14,580,000 due on March 18,2004
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: