This is the content of an email: POSREP HOEGH GALLEON 10TH. APRIL 1200LT (1400UTC) A) Position at noon : N 29 08 W 055 43 B) Dist. from last noon : 413 n. miles (25 HRS.) C) Dist. to go to next port: 2206 n.miles D) Eta next port :April 16th. 0001lt. E) 1:Average sea/weather :Wind: NW 5, Sea: NW 4 2:Average speed :16,52 knots / average RPM 88,88 3:B.O.G. consumed :319,125M3 4:F.O. consumed :58 mt. 5:G.O. consumed :nil 6:Average vapor press. Tk. 1:0,121 bar. Average liq. temp:-158,6 Tk. 2:0,120 :-158,6 Tk. 3:0,120 :-158,4 Tk. 4:0,118 :-158,6 Tk. 5:0,121 :-158,5 Brgds Oe. Hansen Master E-mail: master.gall@hoegh.no Teleph: Inmarsat tel.no. 330853910 Fax : Inmarsat fax no. 330853913 Telex : Inmarsat B telex no.330853915 Telex : Inmarsat C telex no.430853910 (24hrs.watch)

Subject: DAILY POS. REPORT

This is the content of an email: Due to the sale of HPL we will be modifying the General Terms and Conditions ("GTC") governing all North American physical natural gas transactions on EnronOnline, on Nov 5th. This will require all Counterparties' not having a Master Agreement governing Physicals to accept the revised GTC in order to continue transacting in these Physicals. In order to ensure minimal disruption to trading we are taking the following steps. There will be a pop-up announcement to this effect on EnronOnline on Monday Oct 29th There will be a ticker with the same information all week , next week on EnronOnline. The modified version of the GTC will be available on EnronOnline all week, next week for any customers wishing to have their legal departments review it before they accept it. The EnronOnline marketing group will be contacting customers who had previously accepted the GTC to make sure they are comfortable with the changes. If you need more information or have any questions please call me at X 31787 Savita

Subject: ENRONONLINE- GAS PHYSICAL GTC CHANGE

This is the content of an email: In a conference call today with Alcoa on the Services business we are pursuing, the following issues with regard to credit were mentioned: 1. Alcoa has revoked a $10MM credit line they had open with Enron. 2. Alcoa was uncomfortable taking on more Enron exposure given the recent press. In addition to the power/gas exposure, there is metals exposure. 3. Future deals will need to be closely reviewed by Alcoa's credit group. By copy of this e-mail, I am requesting that Ed Sacks contact Mike Fry of Alcoa's credit group in Atlanta. Please advise if you need his phone number. Also, we want to move ahead with getting the EEI in place as Alcoa's represents one of our strongest prospects for the new Services business. We will need to get Alcoa comfortable with our credit issues. In addition, we are talking to Alcoa on various other pieces of business at their various smelters in PJM and TVA as well as rainfall hedges for their hydro operations. Oscar Dalton

Subject: Alcoa

This is the content of an email: You both may already by aware of this, but the online team has contacted me and it is their desire to have the Japanese & Australian products also offered out of the U.S. by Enron North America. They would continue to be offered by their current companies, "Enron Australia" and "EnronJapan", but they want the products sold "24 hours a day" and I guess to do this they would be offered also by Enron North America. Do you see any legal issues from your side with a your Japanese or Australia products being offered by Enron North America too?
Subject: Japanese & Australian Products