We are searching for the Underwriters that can take up the captioned risk. The concerned insurance shall cover the financial loss due to subcontractors' not completing the placed orders, however there are no writen business contract between the client and sub-contractors thus it will not be quite apporpriate to arrnge a bond insurance. We searched Lloyd's syndicate to quote for the credit insurance yet the turnover of the concerned assured being HK50Mil is none of those interest. Hopefully we can find any underwriters who could arrange some program that can cover the risks mentioned here.

-- Sally Warihashi (Sanshin1@netvigaor.com), August 31, 1998