Breached Contracts

Contract Number: 1083871112 issued on May 6, 2004, 3:18 pm and became overdue for payment on June 16,2004

Company Name: PT Rashal Siar Dinamika
Address: Jl. Pasuruan No. 5

City: Menteng Jakarta Pusat Indonesia 10310
Contact: Mr. Ano / Mr. Reza
Telephone: 62-21-230-5712
Fax: 62-21-230-5563

Shipping to PT Rashal Siar Dinamika located in Menteng Jakarta Pusat, Indonesia

Client ordered 200000 MTW of our material code 200-206 for 12 months at a price of $ 177.00 USD to be unloaded in Tahjung Priok, Jakarta Utara
Client currently owes $ 424,800,000 USD from June 16,2004 which is a full breech of contract on the initial amount of $ 35,400,000 due on June 16,2004
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: