The Scorpio Tankers president hesitated because he has anaversion to costume dress, and would have to don the traditional commodore'shat at Wednesday night's gala dinner.

"I am concerned that people may not think of me asseriously as I think of myself if they see me in this hat," Bugbeeconfessed. "It is after all a gala dinner, not the Mad Hatter's teaparty."

Bugbee