Breached Contracts


Contract Number: 1199880939 issued on January 9, 2008, 7:15 am and became overdue for payment on January 14,2008

Company Name: GOLDENIN OCEAN COMPANY LIMITED
Address: ROOM502 TIAN HUIBUILDING NO 31 JIANGNANW

City: HAIZHU GUANGZHOU CHINA
Contact: Corporate Officer
Telephone: 86 20 84058490
Fax: 86 20 84058404
Email: to be provided


Shipping to GOLDENIN OCEAN COMPANY LIMITED located in HAIZHU GUANGZHOU CHINA

Client ordered 150000 MTW of our material code Iron Ore-Mexico 64.5 for 12 months at a price of $ 119.00 USD to be unloaded in China - Dalian
Client currently owes $ 214,200,000 USD from January 14,2008 which is a full breech of contract on the initial amount of $ 17,850,000 due on January 14,2008
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: