News | Board Minutes | 2010

EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

May 6, 2010


ITEM NO 1	Minutes of March 4, 2010 Board Meeting to be approved 
Board Decision:  APPROVED.  Chairman Hochberg, Director Kian and 
Director Farrell all approved the minutes.

ITEM NO 2	Minutes of March 9, 2010 Board Meeting to be approved 
Board Decision:  APPROVED.  Chairman Hochberg, Director Kian and 
Director Farrell all approved the minutes.

ITEM NO 3	Minutes of March 23, 2010 Board Meeting to be approved 
Board Decision:  APPROVED.  Chairman Hochberg, Director Kian and 
Director Farrell all approved the minutes.

ITEM NO 4	Minutes of March 25, 2010 Board Meeting to be approved 
Board Decision:  APPROVED.  Chairman Hochberg, Director Kian and 
Director Farrell all approved the minutes.

ITEM NO 5	Minutes of April 1, 2010 Board Meeting to be approved 
Board Decision:  APPROVED.  Chairman Hochberg, Director Kian and 
Director Farrell all approved the minutes.

ITEM NO 6	Minutes of April 6, 2010 Board Meeting to be approved 
Board Decision:  APPROVED.  Chairman Hochberg, Director Kian and 
Director Farrell all approved the minutes.


ITEM NO 7
Country NIGERIA                                AP084352XX
Request for FINAL COMMITMENT (AMENDMENT)

Applicant      HSBC BANK PLC, LONDON UNITED KINGDOM
Borrower       FIRST BANK OF NIGERIA PLC, LAGOS NIGERIA
Buyer          ARIK AIR LIMITED, IKEJA, LAGOS NIGERIA
End-user       ARIK AIR LIMITED, IKEJA, LAGOS NIGERIA
Exporter       GE COMMERCIAL AVIATION SERVICES LLC, STAMFORD CT
Supplier       CFM INTERNATIONAL INC, CINCINNATI OH
Supplier       VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier       BOEING COMPANY, THE, RENTON WA 
Gteed Lender   HSBC BANK PLC, LONDON UNITED KINGDOM

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT 

Board Decision APPROVED.  Chairman Hochberg and Director Kian both voted in favor of the amendment, Director Farrell recused herself.

 
EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
May 6, 2010


ITEM NO. 8	
COUNTRY: PERU  POLICY NO: FB-471037
FINANCIAL INSTITUTION BUYER CREDIT (FIBC) COMPREHENSIVE/ST	
	
INSURED:	BANCO SANTANDER, S.A. NEW YORK, NY
BUYER/OBLIGOR:	CORPORACION ACEROS AREQUIPA, S.A. AREQUIPA, PERU
END USER :	CORPORACION ACEROS AREQUIPA, S.A. AREQUIPA, PERU
GUARANTORS:	NONE
EXPORTER(S)	VARIOUS
SUPPLIER(S)	VARIOUS	
BROKER:	INTERNATIONAL RISK CONSULTANTS, OH	
PRODUCTS/USE:	SCRAP METAL 
EX-IM BANK LIABILITY (MILLIONS):  $5 - $20
 
 Board Decision: APPROVED.  Chairman Hochberg, Director Kian and Director Farrell 
all voted in favor of the transaction.


ITEM NO 9
Country UNITED ARAB EMIRATES                   AP084044XX
Request for FINAL COMMITMENT

Applicant      EMIRATES ALUMINUM COMPANY LIMITED PJSC, ABU DHABI U ARAB EMIRATES
Borrower       EMIRATES ALUMINUM COMPANY LIMITED PJSC, ABU DHABI U ARAB EMIRATES
Guarantor      DUBAI ALUMINUM CO, DUBAI U ARAB EMIRATES
Guarantor      MUBADALA DEVELOPMENT COMPANY PJSC, ABU DHABI U ARAB EMIRATES
Buyer          EMIRATES ALUMINUM COMPANY LIMITED PJSC, ABU DHABI U ARAB EMIRATES
End-user       EMIRATES ALUMINUM COMPANY LIMITED PJSC, ABU DHABI U ARAB EMIRATES
Exporter       GENERAL ELECTRIC INTERNATIONAL, SCHENECTADY NY
Exporter       GENERAL ELECTRIC COMPANY, GREENVILLE SC
Exporter       TAYLOR DEJONGH INC, WASHINGTON DC
Supplier       GENERAL ELECTRIC INTERNATIONAL, SCHENECTADY NY
Supplier       TAYLOR DEJONGH INC, WASHINGTON DC
Supplier       GENERAL ELECTRIC COMPANY, GREENVILLE SC
Gteed Lender   FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ

Project Name EMIRATES ALUMINIUM PROJECT
Project Description ALUMINUM SMELTER & POWER PLANT
Product Description GAS TURBINES & TECHNICAL SERVICES

Board Decision:  REFER TO U.S. CONGRESS.  Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the transaction.

 
EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
May 6, 2010

ITEM NO 10A
Country KOREA, SOUTH                           AP084265XX (Conversion No. 1)
Request for FINAL COMMITMENT

Applicant      KOREAN AIR LINES CO. LTD., SEOUL KOREA, REP OF
Borrower       SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Buyer          SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
End-user       KOREAN AIR LINES CO. LTD., SEOUL KOREA, REP OF
Exporter       BOEING COMPANY, THE, EVERETT WA
Supplier       GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier 	   VARIOUS ¿ UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier       BOEING COMPANY, THE, EVERETT WA
Gteed Lender   CITIBANK, N.A., NEW YORK NY
Lessor	   SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Lessee	   KOREAN AIR LINES CO. LTD., SEOUL KOREA, REP OF
Cofin ECA	   EXPORT IMPORT BANK OF KOREA (¿KEXIM¿), SEOUL 150973 KOREA, REP OF

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT 
Repayment Term  12 YEARS

Board Decision:  APPROVED.  Chairman Hochberg and Director Kian voted in favor of the transaction, Director Farrell recused herself.


ITEM NO 10B
Country KOREA, SOUTH                           AP084265XX (Conversion No. 2)
Request for FINAL COMMITMENT

Applicant     KOREAN AIR LINES CO. LTD., SEOUL KOREA, REP OF
Borrower      SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Buyer         SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
End-user      KOREAN AIR LINES CO. LTD., SEOUL KOREA, REP OF
Exporter      BOEING COMPANY, THE, EVERETT WA
Supplier      BOEING COMPANY, THE, EVERETT WA
Supplier      GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier	  VARIOUS ¿ UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lender  BNP PARIBAS, SINGAPORE 049319 SINGAPORE
Lessor	  SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Lessee	  KOREAN AIR LINES CO. LTD., SEOUL KOREA, REP OF
Cofin ECA	  EXPORT IMPORT BANK OF KOREA (¿KEXIM¿), SEOUL 150973 KOREA, REP OF

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT 
Repayment Term  12 YEARS

Board Decision:  APPROVED.  Chairman Hochberg and Director Kian voted in favor of the transaction, Director Farrell recused herself.


 
EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
May 6, 2010

ITEM NO 10C
Country KOREA, SOUTH                           AP084265XX (Conversion No. 3)
Request for FINAL COMMITMENT

Applicant     KOREAN AIR LINES CO. LTD., SEOUL KOREA, REP OF
Borrower      SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Buyer         SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
End-user      KOREAN AIR LINES CO. LTD., SEOUL KOREA, REP OF
Exporter      BOEING COMPANY, THE, EVERETT WA
Supplier      BOEING COMPANY, THE, EVERETT WA
Supplier      GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier	  VARIOUS ¿ UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lender  CITIBANK, N.A., NEW YORK NY
Lessor	  SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Lessee	  KOREAN AIR LINES CO. LTD., SEOUL KOREA, REP OF

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT 
Repayment Term  12 YEARS

Board Decision:  APPROVED.  Chairman Hochberg and Director Kian voted in favor of the transaction, Director Farrell recused herself.