IN: Peter, I can't recall if I've sent you this override letter before. Essentially, it is a letter which is in effect for as long as the equipment is owned by E-Next Generation, but which ceases to be effective once the equipment is assigned to a third party. We will need something along the same line for the ABB equipment. If you can send me a redline of the final form of the ABB facility agreement against the master, we can discuss how to proceed. Thanks,

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OUT: Override letter for ABB

IN: POSREP HOEGH GALLEON 20TH. APRIL 1200LT (1600UTC) A) Position at noon : N 24 00 W 081 57 B) Dist. from last noon : 440 n. miles (24 HRS.) C) Dist. to go to next port: 8769 n.miles (Qalhat) D) Eta next port : June 12th. 0001 local time E) 1:Average sea/weather : Wind: E 6, Sea: E 5 2:Average speed : 18,33 knots / average RPM 91,55 3:B.O.G. consumed : nil 4:F.O. consumed : 128 mt. 5:G.O. consumed : nil 6:Average vapor press. Tk. 1: bar. Average liq. temp: Tk. 2: : Tk. 3: : Tk. 4: : Tk. 5: : ETA ALGECIRAS 29TH. 2000LT. 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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OUT: DAILY POS. REPORT

IN: Hi! Do you still have all the notes I gave you on how we should break this out? This is the deal from hell! Thanks.

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OUT: Louis Dreyfus for 12/00 and 01/01 Production Month (Sitara Deal 454380 & 454386)

IN: What is your time frame for this matter? I have looked over the agreement, and need to confer further w/ attorney. The legal dept. will be out of the office Thursday / Friday for our legal conference, so I could have something for you around Monday. Please let me know. Thanks!

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OUT:
Wisconsin