The statements seem contradictory as the email confirmation from the counterparty expressly states that while they adopt Tatsuno’s policy, they adhere to something else. I cannot just assume and interpret their statements just so I can allow you to go ahead with the engagement. We’re not saying that Tatsuno’s policy on the exceptions below are unsatisfactory to us but we do would like to try to understand what these exceptions are and see whether we’re exposed and if we are, recommend mitigations. For example, if Thai’s customs or counterparty’s business traditions allow payment of small amounts of cash to GOs, that’s an exposure for us because we don’t allow that in Shell and Shell’s GIs should not do that as well because GIs’ actions are deemed as Shell’s actions.
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