Please review the confidentiality agreement attached at the very bottom of 
this e-mail and let me know if we should make ask for any changes.

thanks
brant



 -----Original Message-----
From:  "Noubi Ben Hamida" <noubi.benhamida@elftrading.com>@ENRON 
[mailto:IMCEANOTES-+22Noubi+20Ben+20Hamida+22+20+3Cnoubi+2Ebenhamida+40elftrad
ing+2Ecom+3E+40ENRON@ENRON.com] 
Sent: Thursday, April 19, 2001 1:17 PM
To: Reves, Brant
Subject: RE: Total International

there you go...if wording ok pls provide me with full details/address of an
authorised signatory to whom it will be sent
nbh
----- Forwarded by Noubi Ben Hamida/GENEVA/DCI on 19/04/01 20:13 -----

                    Brant.Reves@e
                    nron.com             To:     
noubi.benhamida@elftrading.com
                                         cc:
                    19/04/01             Subject:     RE: Total International
                    17:09




I never got a copy of the CA.



    -----Original Message-----
   From:   Reves, Brant
   Sent:   Wednesday, April 18, 2001 1:14 PM
   To:     '"Noubi Ben Hamida" <noubi.benhamida@elftrading.com>@ENRON'
   Cc:     Maley, Paul; Shackleton, Sara; Sayre, Frank; Gross, Adam
   Subject:  RE: Total International

   Thanks for the heads up.  You can e-mail a copy of the CA to me.  I will
   have legal review it and if ok, execute it.  Give me your fax number and
   I will fax you a copy of the executed CA and you can either e-mail, fax,
   or overnight the f/s.  Provide an address and I will send the hardcopy
   by overnight courier.  Thanks again for the heads up.

   brant


      -----Original Message-----
     From:     "Noubi Ben Hamida" <noubi.benhamida@elftrading.com>@ENRON

[mailto:IMCEANOTES-+22Noubi+20Ben+20Hamida+22+20+3Cnoubi+2Ebenhamida+40elftrad
ing+2Ecom+3E+40ENRON@ENRON.com]



     Sent:     Wednesday, April 18, 2001 1:02 PM
     To:  Reves, Brant
     Subject:  RE: Total International


     Brant, TIL is an eligible swap participant. I will be pleased to have
     the
     financials forwarded to you. Please give me the full contact details
     (name
     - if not you, and full address details) to have a confidentiality
     agreement
     sent to you, to be duly signed. TIL's financials will be disclosed
     upon
     receipt of this confidentiality agreement duly signed by Enron.

     Also, are the deals under consideration LPG deals?

     Thanks for your reply.

     Noubi



                         Brant.Reves@e
                         nron.com             To:
     noubi.benhamida@elftrading.com
                                              cc:
                         16/04/01             Subject:     RE: Total
     International
                         16:48




     Have you had a chance to address this yet?

     brant



         -----Original Message-----
        From:   Reves, Brant
        Sent:   Thursday, April 12, 2001 1:19 PM
        To:     '"Noubi Ben Hamida" <noubi.benhamida@elftrading.com>@ENRON'
        Subject:  RE: Total International

        Thanks for the quick response.  The issue under consideration is
     one of
        eligibility.  The risk profile of existing trades is not a primary
        concern. Under US derivative law, customers must have $10MM total
     assets
        or $1MM shareholder equity or be guaranteed by such an entity or
     post
        cash/LCs in amounts reasonably approximating risk potential.
     Because
        ENA is a US registered company and its subsidiary, Enron Capital &
     Trade
        Resources International Corp. is a US registered company and both
        entities are trading derivatives with Total International, we must
        establish eligibility under one of the above criterion before
     trading
        any futher.  Again, credit risk of existing trades is not
     considered the
        issue.  Satisfaction of eligiblity criterion is the issue.  To this
        point, Total International has not guaranteed this entity and no
        financial statements have been provided. We must somehow work
     together
        to satisify these eligibility concerns.  Let me know what you
     think.  Or
        better yet, give me a call, 713-853-9897.

        thanks
        brant



           -----Original Message-----
          From:     "Noubi Ben Hamida" <noubi.benhamida@elftrading.com>
     @ENRON


[mailto:IMCEANOTES-+22Noubi+20Ben+20Hamida+22+20+3Cnoubi+2Ebenhamida+40elftrad
ing+2Ecom+3E+40ENRON@ENRON.com]




          Sent:     Thursday, April 12, 2001 12:42 PM
          To:  Reves, Brant
          Subject:  Total International

          Further your e-mail, can you please indicate to me the details of
     the
          deals
          in consideration?
          I'll revert to you ASAP with the split of the trading activities
     vs.
          the
          main legal entities involved.

          Thank you for your co-operation.

          Noubi





(See attached file: confidentialletter.doc)




 - confidentialletter.doc