EXPORT-IMPORT BANK OF THE UNITED STATES

               SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE

                                 DECEMBER 30, 2003

 

ITEM NO 1

Country NIGERIA                                AP080161XX

Request for FINAL COMMITMENT

Applicant      UPS CAPITAL BUSINESS CREDIT, HARTFORD CT

Borrower       CHANNELS INCORPORATED LIMITED, LAGOS NIGERIA

Guarantor      CHARTERED BANK LTD, VICTORIA ISLAND, LAGOS NIGERIA

Buyer          CHANNELS INCORPORATED LIMITED, LAGOS NIGERIA

End-user       CHANNELS INCORPORATED LIMITED, LAGOS NIGERIA

Exporter       ARMER COMM ENGINEERING SERVICES INC., CHANDLER AZ

Exporter       REA TRANSMITTERS, INC., ORLANDO FL

Supplier       ARMER COMM ENGINEERING SERVICES INC., CHANDLER AZ

Supplier       REA TRANSMITTERS, INC., ORLANDO FL

Gteed Lender   UPS CAPITAL BUSINESS CREDIT, HARTFORD CT

Project Name  NONE

Project Description TELEVISION BROADCASTING

Product Description DIGITAL SATELLITE EQUIPMENT

Financed Amount $      346,240

Repayment Term  5 YEARS

Credit Committee Decision APPROVED

 

 

ITEM NO 2

Country: MEXICO                  Policy No.:  MSM-259093 

Request For: Policy (New)     

Policy Type: Single Sale/Multiple Shipments
Coverage Type/Term: Comprehensive/MT

Insured:   MANUFACTURERS & TRADERS TRUST

Buyer:     COPPER RENT A CAR, S.A. DE C.V., JUAREZ, MEXICO

End-User:  SAME

Guarantor: AMERICAN PRODUCTS, S.A. de C.V. , JUAREZ, MEXICO

Guarantor: LUIS CARLOS VARELA AMARO, GUADALUPE OSVALDO VARELA GRANADOS,
             FELIPE DE JUSUS VALERA GRANADOS

Exporter:   MACHINERY & PARTS EXPORTEX CO.*, EL PASO, TX  79925-2053

Supplier:  CLYDE MACHINES INC.*, GLENWOOD, MN  56334-3900

            HOBART BROTHERS COMPANY, TROY, OH  45373-2463

            WASP INC*, GLENWOOD, MN  56334-5079

Broker:    INTERNATIONAL RISK CONSULTANTS, INC.

Product/Use: REPLACEMENT AND EXPANSION OF GROUND HANDLING EQUIPMENT

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

Credit Committee Decision:  APPROVED