Breached Contracts

Contract Number: 1165792863 issued on December 10, 2006, 6:21 pm and became overdue for payment on December 15,2006

Company Name: Heilongjiang Province Imp & Exp Corporation
Address: No 5 Minhang Road Zhong Qi Hotel
Harbin China
City: Harbin China P R 150090
Contact: Wang-huidi or Wang-shenhuai beijing off
Telephone: +86-451-82301612 / +86-10-64743174
Fax: +86-451- 82305319/ +86-10-64792987 beiji
Email: hljimpexp@126 com

Shipping to Heilongjiang Province Imp & Exp Corporation /GLOBAL COMMODITIES TRADE & FINANCE LTD located in Grand Cayman Cayman Is BWI

Client ordered 60000 MTW of our material code Urea N46 Prilled for 12 months at a price of $ 109.00 USD to be unloaded in Vietnam - Ho Chi Minh
Client currently owes $ 78,480,000.00 USD from December 15,2006 which is a full breech of contract on the initial amount of $ 6,540,000.00 due on December 15,2006
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: