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

JUNE 27, 2003

Item No.1

Country: Mexico              Policy No.: FB-A 252080  

Request for: Commitment   

Policy Type:     Financial Institution Buyer Credit

Coverage Type/Term: Comprehensive/ST

Insured:      PNC Bank N.A., Pittsburgh, PA 15265-0001

Buyer/Obligor:  Aceites Industriales El Zapote, S.A. de C.V., Mexico D.F., Mexico

Guarantor:  None

End-User:  Aceites Industriales El Zapote, S.A. de C.V., Mexico D.F., Mexico

Exporter:   Gardner Smith, LLC, Houston, TX 77027-3419

Supplier:      Gardner Smith, LLC, Houston, TX 77027-3419

Broker:  Export Insurance Agency, Walpole, MA 020812802
      

Product/Use:  Crude oil from sunflower, soybeans and corn in bulk to be used in the buyer=s production

Ex-Im Bank Liability (Millions): $5 - $20

Credit Committee Decision: APPROVED

Item No. 2

Country: Mexico           Policy No.: MSM-252387   

Request for: Policy (New)             

Policy Type: Single Sale/Multiple Shipments                      

Coverage Type/Term: Comprehensive/MT

Insured:      California Pacific Lumber, Fresno, CA 93729-5848

Buyer/Obligor:  Exportalizas Mexicanas S.A. de C.V., Culiacan, Mexico 

Guarantor:  Rene Produce, LLC, AZ, Mexico

End-User:  Exportalizas Mexicanas S.A. de C.V., Culiacan, Mexico 
    

Exporter:   California Pacific Lumber*, Fresno, CA 93729-5848

Supplier:      Same as above

Broker:     Provident Traders Inc., Philo, CA    

Product/Use:  Green houses for the production of cucumbers and bell peppers.

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

Credit Committee Decision: APPROVED

ITEM NO 3

Country BRAZIL                                 AP079332XX

Request for FINAL COMMITMENT

Applicant      UPS CAPITAL BUSINESS CREDIT, HARTFORD CT

Borrower       FIBRASA NORDESTE S/A, ABREU DE LIMA, PERNAMBUCO 35570-070 BRAZIL

Guarantor      FIBRASA S/A EMBALAGENS, SERRA, ESPIRITO SANTO BRAZIL

Guarantor      ROGERIO DE CASTRO, SERGIO, ILHA DO BOL, VITORIA, ESPIRITO SANTO BRAZIL

Guarantor      ROGERIO DE CASTRO, SERGIO SOUZA, JABOATAO, PERNAMBUCO BRAZIL

Buyer          FIBRASA NORDESTE S/A, ABREU DE LIMA, PERNAMBUCO 35570-070 BRAZIL

End-user       FIBRASA NORDESTE S/A, ABREU DE LIMA, PERNAMBUCO 35570-070 BRAZIL

Exporter       KASE EQUIPMENT CORP, CLEVELAND OH

Supplier       KASE EQUIPMENT CORP, CLEVELAND OH

Gteed Lender   UPS CAPITAL BUSINESS CREDIT, HARTFORD CT

Project Name

Project Description

Product Description PRINTING PRESS

Financed Amount $      410,729

Repayment Term  5 YEARS

Credit Committee Decision APPROVED