Breached Contracts


Contract Number: 1319417244 issued on October 23, 2011, 8:47 pm and became overdue for payment on October 28,2011

Company Name: North American Trading Company
Address: 417 Canoe Cove

City: Diamond Bar California 91765
Contact: Russ Kingston
Telephone: 909 717 9685
Fax:
Email: russnatco@gmail com


Shipping to TBD located in TBD

Client ordered 150000 MTW of our material code Iron Ore-Mexico 64.5 for 12 months at a price of $ 128 USD to be unloaded in China - Qingdao
Client currently owes $ 230,400,000.00 USD from October 28,2011 which is a full breech of contract on the initial amount of $ 19,200,000.00 due on October 28,2011
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: Refused to place LC & processing Fees under LC/BG contract