Breached Contracts

Contract Number: 1138885876 issued on February 2, 2006, 8:11 am and became overdue for payment on February 07,2006

Company Name: Colgroup International Pty Ltd
Address: 44 Montebello Drive

City: Mount Gambier South Australia 5290
Contact: Ken Gibbett
Telephone: 61 8 87255639
Fax: 61 8 87232450

Shipping to Chile Agencies located in Mount Gambier South Australia 5290

Client ordered 200000 MTW of our material code Urea N46 Prilled for 12 months at a price of $ 130.00 USD to be unloaded in Chile - Punta Arenas
Client currently owes $ 312,000,000.00 USD from February 07,2006 which is a full breech of contract on the initial amount of $ 26,000,000.00 due on February 07,2006
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: