Re: CACS

Yes, there is a formalized process. After Credit and Legal, and in most
cases RAC, look at transactions, a VP or higher will sign the Dash. For Doug
to sign the Bahamas option contract, I need to know the premium. Please
contact Brent Price for our DASH. (Deal approval sheet)

Jeff

Merritt Thomas 10/23/2000 04:51 PM

To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: CACS

Jeff,

I'm sorry to bother you with this, but I can't seem to get a straight answer
from anyone - when one is signing a contract around here, is there a form you
fill out for approval? In London, everyone fills out a CACS form (Contract A
uthorisation Control Sheet), and if the deal is < $0.5m, then a DASH is
required as well. Brad seems to think that if a DASH is not required, then
the business unit head signs off on the expenditure? Is there a formalised
global-markets process for this, or is this a product-by-product thing? (in
which case, I'll assume LNG has no process, and I'll direct Eric to implement
one...) (Doug Arnell needs to purchase his option for the Bahamas land
thing, thus the reason for the question).

fyi, attached is European CACS form.

Thanks,
Merritt