Breached Contracts

Contract Number: 1132101890 issued on November 15, 2005, 7:44 pm and became overdue for payment on November 20,2005

Company Name: Colgroup International China P/L
Address: c/o 44 Montebello Drive

City: Mount Gambier South Australia
Contact: Ken Gibbett
Telephone: +61887255008
Fax: +61887231801

Shipping to Colgroup International China P/L located in Mount Gambier South Australia

Client ordered 170000 MTW of our material code Iron Ore-Australia for 12 months at a price of $ 89.00 USD to be unloaded in Australia - Newcastle, NSW
Client currently owes $ 181,560,000.00 USD from November 20,2005 which is a full breech of contract on the initial amount of $ 15,130,000.00 due on November 20,2005
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: