Neale / Suzanne

Below is Sheila's breakdown of the P&L impact for your reference. 

As spoken with Neale earlier, we have instructed Rajah & Tann to do the 
necessary searches on MTM and EPTS to establish if they have substantial 
assets in Singapore. I will forward the results to you once received on order 
that you may opine fully on the merits of the case and arbitration procedure.

Regards

Matt
---------------------- Forwarded by Matthias Lee/SIN/ECT on 10/08/99 01:55 PM 
---------------------------


Sheila Foo
10/08/99 11:07 AM
To: Matthias Lee/SIN/ECT@ECT
cc: Russell Aeria/SIN/ECT@ECT 

Subject: P/L Impact- Hyundai/ MT Pacific Valour


Hyundai:
Initial Costs  443
Freight    25
   -----
   468

Replace by purchase from (Cost 490 and freight of 54)
Enron Europe 544
   ===
Difference   76
   ===

On 3000MT Paraxylene cargo, P/L impact is -$228,000