Breached Contracts


Contract Number: 1128994952 issued on October 10, 2005, 9:42 pm and became overdue for payment on October 18,2005

Company Name: IFQ ASIA SDN BHD
Address: NO8 LANGGAK DUTA
OFF JALAN DUTA
City: 50480 KUALA LUMPUR MALAYSIA
Contact: DATO MOHAMED FATHI AHMAD
Telephone: 603 23001068
Fax: 603 23001088
Email: mfth@pc.jaring.my


Shipping to IFQ ASIA SDN BHD located in 50480 KUALA LUMPUR MALAYSIA

Client ordered 150000 MTW of our material code 50-65 for 12 months at a price of $ 172.00 USD to be unloaded in China - Qingdao
Client currently owes $ 309,600,000 USD from October 18,2005 which is a full breech of contract on the initial amount of $ 25,800,000 due on October 18,2005
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: