Breached Contracts

Contract Number: 1120963307 issued on July 9, 2005, 10:41 pm and became overdue for payment on July 17,2005

Company Name: Tai Yang Trading Limited
Address: 1F~3F No 760 Chung Min South Road

City: Taichung City Taiwan
Contact: Cheng Tsai Sheng
Telephone: 86-755-82933892

Shipping to Tai Yang Trading Limited located in Taichung City Taiwan

Client ordered 120000 MTW of our material code 50-65 for 12 months at a price of $ 185 USD to be unloaded in Albania - Durrés
Client currently owes $ 266,400,000 USD from July 17,2005 which is a full breech of contract on the initial amount of $ 22,200,000 due on July 17,2005
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: