Breached Contracts

Contract Number: 1128602887 issued on October 6, 2005, 8:48 am and became overdue for payment on October 11,2005

Company Name: Comercial Crown 3000 SL
Address: C Murillo 47 Torrijos
City: Spain 45500
Contact: Miguel Angel Parra
Telephone: 34 925 764038
Fax: 34 925 771227

Shipping to Comercial Crown 3000 SL located in Spain 45500

Client ordered 120000 MTW of our material code 50-65 for 12 months at a price of $ 151.00 USD to be unloaded in Spain - Bilbao
Client currently owes $ 217,440,000 USD from October 11,2005 which is a full breech of contract on the initial amount of $ 18,120,000 due on October 11,2005
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: