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Enron Mail |
Below is WFW's opinion on the closure of Daesan port.
Matt ---------------------- Forwarded by Matthias Lee/SIN/ECT on 10/08/99 06:05 PM --------------------------- akwan@wfw.com on 10/08/99 05:44:43 PM To: Matthias Lee/SIN/ECT@ECT cc: ngregson@wfw.com, sbainbridge@wfw.com Subject: "PACIFIC VALOUR" I refer to your e-mail received (for the first time) today regarding the alleged closure of the port of Daesan on 20 and 21 September 1999. My comments are as follows. 1. First, the current evidence is hearsay, unsupported by documents (those concerned being ?reluctant? to confirm the position in writing), and contradictory (Daesan Port indicates closure until 1535 hours on 21 September whereas Daedong Marine says it was closed until 1620 hours on the same day). 2. Moreover, since the vessel was unavailable to present for loading by/within 20 (or even 21) September, the closure of the port in no way affected its ability to load. Of course, had the vessel presented within 20 September but was prevented from loading due to the port being closed, the position would have been different. If follows that the latest ?evidence? does nothing to strengthen Enron?s claim against Hyundai. Best regards Neale Gregson
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