Justin & Paul, We are seeking your sign-off and assistance in connection with a swap termi= nation transaction that is part of an equity sale transaction that is prese= ntly set to close this Thursday. The good news is that the documentation h= as been substantially negotiated by a number of internal and external lawye= rs (in connection with the equity sale deal) and the swap termination deal = terms have been discussed and blessed by Gary Hickerson's team in Houston. The background and basics of the deal are as follows: In March 1999 Enron Capital & Trade Resources International Corp. ("ECTRI")= entered into a long-term interest rate swap with Greenfield Shipping Compa= ny Limited ("GSCL") in connection with GSCL's project financing of a 135,00= 0 cbm LNG tanker. The swap was documented by way of an ISDA Master Agreeme= nt (Multicurrency--Cross Border) and related Confirmation (Deal No. M148198=
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ECTRI-Greenfield Shipping Interest Rate Swap