While written in a vastly different manner from how I'd do this, the sed command you've written should work. I'm guessing this depends upon the environment from which you're running. I have BASH for my shell.
A suggestion to try:
Code:
/bin/sed -e s/<<SID>>/$v_sid/g FileLoad.template > FileLoad.ctl
Another suggestion to try:
Code:
/bin/sed -e s/\<\<SID\>\>/$v_sid/g FileLoad.template > FileLoad.ctl