Breached Contracts

Contract Number: 1079575522 issued on March 17, 2004, 9:05 pm and became overdue for payment on March 23,2004

Company Name: Covast Asia Assets Limited
Address: 240 48-50, 22 Fl Ayothayatower
Ratchadapisek Rd
City: Husykwang Bangkok, Thailand
Contact: Mr. Kenneth Che
Telephone: 662-6928407-14
Fax: +662-2774633 +662-6928411

Shipping to Covast Asia Assets Limited located in BANGKOK

Client ordered 60000 MTW of our material code 200-206 for 12 months at a price of $ 155.00 USD to be unloaded in SRIRACHA HARBOR
Client currently owes $ 111,600,000 USD from March 23,2004 which is a full breech of contract on the initial amount of $ 9,300,000 due on March 23,2004
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: