Breached Contracts

Contract Number: 1306396698 issued on May 26, 2011, 3:58 am and became overdue for payment on June 04,2011

Company Name: Perfect best Shanghai Industry Co Ltd
Address: NO 370 Songnan Rd
Baoshan District
City: Shanghai 200441
Contact: Smile Yang
Telephone: 86 021 5614 1513
Fax: 86 021 5614 1513

Shipping to Perfect best Shanghai Industry Co Ltd located in Shanghai 200441

Client ordered 150000 MTW of our material code Iron Ore-Mexico 64.5 for 12 months at a price of $ 138.00 USD to be unloaded in China - Shanghai
Client currently owes $ 248,400,000 USD from June 04,2011 which is a full breech of contract on the initial amount of $ 20,700,000 due on June 04,2011
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: