Server Utilities :: Field / Record Terminator - Trailing Null Col

I need to load a file with fields separated by '|^|' and at end of each record has '||*||'.

So in my ctl file what do i mention ? fields terminated by '|^|' ? for the record termination wat should I say?
Should I still mention 'trailing null col' in my ctl file...?

Sample data file:
Name|^|Age|^|city||*||
john|^|33|^|||*||
james|^||^|nyc||*||
ken|^|44|^|
washington||*||

the fields are properly terminated with |^| and the records are terminated with ||*||. Is it true that a file with |^| as field terminator cannot be loaded with sqlldr?