IN: This is an email
Further to our conversation Friday night...? ?was that Friday? anyway we have the following needs. An L/C to Henry petroleum for $1.4 mil. This app is at Enron and was originally sent to Chase for issuance..now Chase says no. ( this one is getting touchy) New apps being forwarded this morning that need issuing. Ultramar Diamond Shamrock $15.0 mil Astra Energy Canada $3.3 mil Koch Canada $800,000 Pending: Choctaw II Oil and Gas : $1,0 mill.....we are waiting for the verdict on this one..but don't hold much hope for getting out of it. Should know this morning. ALSO;;;;;;;NEED TO HAVE COST NUMBERS ON THESE L/C'S SOME OF THE CUSTOMERS ARE OFFERRING TO PAY FOR THEM BUT WANT A NUMBER

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OUT: L/Cs
QUESTION: The information contained herein is based on sources that we believe to be reliable, but we do not represent that it is accurate or complete. Nothing contained herein should be considered as an offer to sell or a solicitation of an offer to buy any financial instruments discussed herein. Any opinions expressed herein are solely those of the author. As such, they may differ in material respects from those of, or expressed or published by on behalf of Carr Futures or its officers, directors, employees or affiliates. ? 2001 Carr Futures The charts are now in the most recent version of Adobe Acrobat 4.0 and they should print clearly from Adobe Acrobat Reader 3.0 or higher. Adobe Acrobat Reader 4.0 may be downloaded for FREE from www.adobe.com. (See attached file: doeapi.pdf) - doeapi.pdf
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ANS: doe-api comparison
Here is a revised version of my draft GTC's for derivatives transactions (I think marked from the draft I left with you). Any comments or suggestions? I've promised these to Louise by Friday. Thanks,
Q: What is a potential subject line for this email?
answer: Derivatives GTC's
We currently have $21.4 million in reserve for potential Northwest refunds. $10 million currently sits in the LTCA book and $11.4 currently sits in the LTNW book. During the summer, FERC initiated an investigation into the potential of unjust and unreasonable spot prices in the northwest from December of 2000 through June of 2001. Seatlle City Light, Tacoma City Light, Eugene Water and Electric Board, and Sacramento Municipal Utility District all filed claims at FERC for refunds from EPMI. The claims totaled close to $100 million. However, many of these claims were, on their face, spurious. For example, Eugene Water and Electric Board filed for refund of forward purchases which was clearly outside the scope of FERC's proceeding. We hired consultants from Charles River Associates (CRA) to help us with this process. One of their tasks was to apply the CAISO competitive benchmark pricing methodology to the Northwest market. That is, CRA attempted to reverse engineer the CAISO's methodology in order to estimate our Northwest risk. I was informed by our litigation team that EPMI's realistic potential exposure using this methodology was roughly $30 million. We decided to reserve roughly 2/3 of this amount which came to about $21 million. In September a FERC Adminitrative Law Judge heard the case and submitted a draft decision to the FERC. The draft decision recommended against any refunds. This draft decision is supposed to come in front of the FERC commissioners for approval before the end of the year. If this draft decision is approved, it would be appropriate to remove these reserves.
Answer: Northwest Reserves
Here is an email: Mark Quaglia, an associate in the capital markets group from New York, will be flying here either tonight or first thing in the morning to review confirmations. He is planning to stay overnight on Thursday. Will there be a checklist for him to use in gathering information from the documents, or should we meet to develop something?
What is a potential subject line for this email?
A: review of confirmations
QUESTION: Dear Sir's 30th. 0542lt. Voyage interupted. 0730lt. Drop anchor off port limit Algeciras. Brgds Oe. Hansen Master E-mail: master.gall@hoegh.no Teleph: Inmarsat tel.no.+874 330853910 Fax : Inmarsat fax no.+874 330853913 Telex : Inmarsat B telex no.+584 330853915 Telex : Inmarsat C telex no.+584 430853910 (24hrs.watch)
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ANS:
ARRIVED ALGECIRAS