Breached Contracts

Contract Number: 1133889848 issued on December 6, 2005, 12:24 pm and became overdue for payment on December 11,2005

Company Name: Inversiones Importaciones y Exportaciones SRL
Address: Rio Bamba 8 2 B-28027

City: Madrid Spain
Contact: Javier Fernando Tenorio Poveda
Telephone: + 34 687919 243
Fax: + 34 913 111 555

Shipping to Inversiones Importaciones y Exportaciones SRL located in Madrid Spain

Client ordered 150000 MTW of our material code 50-65 for 12 months at a price of $ 167.00 USD to be unloaded in Spain - Valencia
Client currently owes $ 300,600,000 USD from December 11,2005 which is a full breech of contract on the initial amount of $ 25,050,000 due on December 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: