QUESTION: At the request of John Allario, I am attaching our proposed form of Non-Disclosure Agreement. If the enclosed meets with your approval, please execute the agreement and return it to me via fax no. (713) 646-3490. I will then have it executed by Enron. If you have any comments or questions please call Mark Greenberg, Senior Counsel, at (713) 345-8897 or me at (713) 853-3399. We look forward to hearing from you.
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ANS: NDA - American Express Travel Related Services Company, Inc.

QUESTION: Mary, I see that Phil Bair from JWorthan has responded to Phil DeMoes concerning the bond term. No comments were made concerning the legal opinion for the legal counsel for the bond provider. I was going to suggest that the contract language be modified to provide that the Company had a reasonable amount of time at the end of the lst 5 yr bond term to provide a substitute bond for the remaining term and that if the Company was able to get a replacement bond in place before the expiration of such period, no default would occur. Can you tell from the letter that Phil Bair is proposing if their are any other issues that either ENRON or the Bond Provider would have concerning the terms of the Bond and the Customer's methods of getting funding thereunder. ****************************************************************************** ****************************************************************************** ****************************************************************************** ********************************************** This was forwarded to me by Phil DeMoes. Dan, Take a look at this letter prepared by our surety provider on the PEAK pre-pay. In particular, note the last paragraph. I'm concerned on the unwind if there is a default. We plan to meet tomorrow with Joe Deffner and Breese tomorrow morning. Are you available?
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ANS: PEAK 2001A RFP

QUESTION: Dan, Sorry to inform you that we have some delay in Algeciras caused by late arrival of vital spare parts. We have had some problems with one of the feed water pumps lately. Needed spare parts for this type of feed water pump are difficult to get and the delivery time is very long. In order to solve this problem, we decided to buy a new pump(a more common type) and the pump was promised to be in Algeciras in due time before the vessel arrived. Unfortunately we learned this morning that the transporter has made some mistakes and the pump will not arrive Algeciras before tomorrow at 1100. As this pumps are so important for the boiler plant, we are hesitating to cross the Atlantic knowing that only one of two are working properly and therefore decided to delay the vessel until tomorrow. The vessel will depart as soon as the pump is onboard. If etd 28th 1500lt eta Lake Charles 8th 1200lt gives abt 18,5 knots. If same etd, eta Lake Charles 9th 0600lt gives abt 17,3 knots. Reverting, Best regards
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ANS:
LNG/C"HOEGH GALLEON" - DELAY IN ALGECIRAS