News | Board Minutes | 2003

             EXPORT-IMPORT BANK OF THE UNITED STATES

         SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE

                     NOVEMBER 18, 2003

ITEM NO 1

Country PHILIPPINES                            AP079918XX

Request for FINAL COMMITMENT

Applicant      TORONTO-DOMINION BANK, HOUSTON TX

Borrower       GOLDLAND PHILIPPINES CORP., PASIG CITY, MANILA PHILIPPINES

Guarantor      PHILIPPINE BASKETS CORP., TAGUIG, METRO MANILA PHILIPPINES

Guarantor      CEBU HOTEL PROPERTIES INC., LAPU-LAPU CITY, CEBU PHILIPPINES

Guarantor      ADDITIONAL GUARANTORS

Buyer          GOLDLAND PHILIPPINES CORP., PASIG CITY, MANILA PHILIPPINES

End-user       GOLDLAND PHILIPPINES CORP., PASIG CITY, MANILA PHILIPPINES

Exporter       CATERPILLAR INC, PEORIA IL

Exporter       WEIR FLOWAY, INC., FRESNO CA

Exporter       ADDITIONAL EXPORTERS

Supplier       CATERPILLAR INC, PEORIA IL

Supplier       WEIR FLOWAY, INC., FRESNO CA

Supplier       ADDITIONAL SUPPLIERS

Gteed Lender   TORONTO-DOMINION BANK, HOUSTON TX

Project Description TO BUILD & DEVELOP A HILTON CEBU RESORT

Product Description BUILDING MATERIALS AND EQUIPMENT

Financed Amount $    1,077,067

Repayment Term  5 YEARS

Credit Committee Decision APPROVED

Item No. 2

Country:  Mexico  Policy No. MTA-258806

Request for:  Commitment (New)

Policy Type:  Single Sale/Single Shipment

Coverage Type/Term:  Comprehensive/MT

Insured:        The Toronto-Dominion Bank

Buyer/Obligor:  Grupo Galax S.A. de C.V., Monterrey, Mexico

End-User:       Same

Guarantor:      Mr. Melchor Montoya Sandoval

Exporter:       San Antonio Trade Group

Supplier:       Case Corporation Equipment/CNH Global NV

Supplier:       BR Lee Industries/Kirby-Smith

Broker:         Penn International Insurance

Product:        Construction and earthmoving equipment

Ex-Im Bank Liability (Millions):  $1 - $5

Credit Commmittee Decision:  APPROVED

Item No. 3

            Country: Cameroon            Policy No.: MSM-257790
           Request For: Policy (New)   

            Policy Type: Single Sale/Multiple Shipments                                   

            Coverage Type/Term: Comprehensive/MT

             Insured:        Nationwide Equipment Company, Jacksonville, FL  32219-1714

            Buyer/Obligor:  Soc Forestiere Et Industrielle Du Moungo SARL (SFIM), Douala, Cameroon      

            Guarantors:  Mr. Jean Kouamou, Douala, Cameroon

            End-User:     Same as buyer                        

            Exporter:      Same as the insured

            Suppliers:     Southwest Bank, Houston, TX

                                    Meyrat Financial Services, Dallas, TX

            Broker:         Meyrat Financial Services, Dallas, TX

            Product/Use: Used construction equipment for use in the buyers operations.

          Ex-Im Bank Liability (Millions):  $1 - $5

          Credit Committee Decision:  APPROVED