News | Board Minutes | 2004

 EXPORT-IMPORT BANK OF THE UNITED STATES
        SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE

                                             FEBRUARY 27, 2004

            Item No. 1

            Country: Israel         Policy No.:  MSM-261800                    

            Request For: Policy (New)   

            Policy Type: Single Sale/Multiple Shipments                                   

            Coverage Type/Term: Comprehensive/MT

            Insured:             Sovereign Bank,  Newtown, PA 18940-3426

            Buyer/Obligor:  Netafim (A.C.S.) Ltd., Negev, Israel      

            Guarantor:        None

            End-User:         Same as buyer                        

            Exporter:          Bodine Assembly and Test Systems (Bodine Corp.), Bridgeport,
                                        CT  06605-2133

            Supplier:          Same as exporter

            Broker:            Export Risk Management Inc., New York, NY 

            Product/Use:   Automated dripper machines to manufacture irrigation systems

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

            Credit Committee Decision:  APPROVED

             Item No. 2

            Country: Mexico      Policy No.:  ESS-A-263160

            Request For: Commitment (New)

            Policy Type: Single Buyer

            Coverage Type/Term: Comprehensive/ST

            Insured:             Energy Fabrication, Inc., Odessa, TX  79764-6433

            Buyer/Obligor:  Petroleos Mexicanos, Mexico D.F., Mexico

            End-User:          Petroleos Mexicanos, Mexico D.F., Mexico

            Guarantor:        None

            Exporter:           Energy Fabrication, Inc., Odessa, TX  79764-6433

            Broker:             None

            Product/Use:     Hot oil units/servicing and repairing oil wells and production systems

            Ex-Im Bank Liability (Millions):  $0 - $1

            Credit Committee Decision:  APPROVED

            Item No. 3

            Country: Dominican Republic       Policy No.:  ENB-246322

            Request For:  Renewal          

            Policy Type:    Special Buyer Credit Limit

            Coverage Type/Term: Comprehensive/ST

            Insured:          Tesco South, Inc./dba/Hector Turf

            Buyer:            Sincercon, S.A. (formerly Civilcad Constructora)

            Broker:          Risk Protection International

            Product:         New irrigation, mowing and maintenance equipment

            Ex-Im Bank Liability (Millions):  $0 - $1

            Credit Committee Decision:  APPROVED