News | Board Minutes | 2003

               EXPORT-IMPORT BANK OF THE UNITED STATES

         SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE

                           AUGUST 22, 2003

ITEM NO 1

Country GHANA                                  AP079759XX

Request for FINAL COMMITMENT

Applicant      UNITED BANK FOR AFRICA LTD, NEW YORK NY

Borrower       AKYEM BUILDERS SUPPLIERS LTD., ACCRA GHANA

Guarantor      SETH YEBOAH, ACCRA GHANA

Guarantor      KWAME DARKO, ACCRA GHANA

Buyer          AKYEM BUILDERS SUPPLIERS LTD., ACCRA GHANA

End-user       AKYEM BUILDERS SUPPLIERS LTD., ACCRA GHANA

Exporter       UNITED BANK FOR AFRICA LTD, NEW YORK NY

Exporter       NATIONWIDE EQUIPMENT COMPANY, JACKSONVILLE FL

Exporter       TRADE SOURCE INTERNATIONAL, PASADENA CA

Supplier       UNITED BANK FOR AFRICA LTD, NEW YORK NY

Supplier       NATIONWIDE EQUIPMENT COMPANY, JACKSONVILLE FL

Supplier       TRADE SOURCE INTERNATIONAL, PASADENA CA

Gteed Lender   UNITED BANK FOR AFRICA LTD, NEW YORK NY

Project Description BUILDING CONTRACTORS

Product Description USED CONSTRUCTION EQUIPMENT

Financed Amount $    1,641,479

Repayment Term  2.2 YEARS

Credit Committee Decision APPROVED

ITEM NO 2

Country GHANA                                  AP079708XX

Request for FINAL COMMITMENT

Applicant      UNITED BANK FOR AFRICA LTD, NEW YORK NY

Borrower       MAXMINA CONSTRUCTION LTD., ACCRA GHANA

Guarantor      MAXWELL APPIAH NTOW, ACCRA GHANA

Buyer          MAXMINA CONSTRUCTION LTD., ACCRA GHANA

End-user       MAXMINA CONSTRUCTION LTD., ACCRA GHANA

Exporter       UNITED BANK FOR AFRICA LTD, NEW YORK NY

Exporter       NATIONWIDE EQUIPMENT COMPANY, JACKSONVILLE FL

Exporter       TRADE SOURCE INTERNATIONAL, PASADENA CA

Supplier       UNITED BANK FOR AFRICA LTD, NEW YORK NY

Supplier       NATIONWIDE EQUIPMENT COMPANY, JACKSONVILLE FL

Supplier       TRADE SOURCE INTERNATIONAL, PASADENA CA

Gteed Lender   UNITED BANK FOR AFRICA LTD, NEW YORK NY

Project Description CONSTRUCTION

Product Description USED CONSTRUCTION EQUIPMENT

Financed Amount $    1,674,085

Repayment Term  2.2 YEARS

Credit Committee Decision APPROVED

ITEM NO 3

Country PHILIPPINES                            AP079789XX

Request for FINAL COMMITMENT

Applicant      TORONTO-DOMINION BANK, HOUSTON TX

Borrower       SEMICONDUCTOR & ELEC MATERIALS & EQUIP, MUNTINLUPA CITY PHILIPPINES

Guarantor      INTL SEMICONDUCTOR TECHNOLOGY, INC., ALABANG, MUNTINLUPA CITY
                       PHILIPPINES

Guarantor      PHILIPPINE SEMICONDUCTOR TRADING, INC, ALABANG, MUNTINLUPA CITY
                       PHILIPPINES

Buyer          SEMICONDUCTOR & ELEC MATERIALS & EQUIP, MUNTINLUPA CITY PHILIPPINES

End-user       SEMICONDUCTOR & ELEC MATERIALS & EQUIP, MUNTINLUPA CITY PHILIPPINES

Exporter       PAE ENVIRONMENTAL CO., REDONDO BEACH CA

Supplier       THERMAL EQUIPMENT CORPORATION, TORRANCE CA

Gteed Lender   TORONTO-DOMINION BANK, HOUSTON TX

Project Description WASTE MANAGEMENT FACILITY

Product Description WASTE MANAGEMENT/DISPOSAL EQUIPMENT

Financed Amount $    1,370,295

Repayment Term  5 YEARS

Credit Committee Decision APPROVED

ITEM NO 4

Country:  UNITED ARAB EMIRATES   Policy No. MTA-250522

Request for:  Insurance Commitment

Policy Type:  Single Sale, Single Shipment

Coverage Type/Term:  Comprehensive/MT

Insured:    SouthWest Bank of Texas, Houston, TX 77027-7001

Buyer:      Superior Oilfield Services LLC, Abu Dhabi, United Arab Emirates

      Guarantor:  Superior Oilfield Services LTD, Abu Dhabi, United Arab Emirates

                  Yousuf Al Nowais, Kama Safa, and Elyas Selhoum

      End-User:   Superior Oilfield Services LLC, Abu Dhabi, United Arab Emirates

      Exporter:   Hydraulic Power Technologies Texas, Inc., Buda, TX 78610-9711

      Supplier:   Hydraulic Power Technologies Texas, Inc., Buda, TX 78610-9711

      Broker:     Structured Trade Services, LLC, Houston, TX

Product/Use: Trailer mounted twin cement pumping unit

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

Credit Committee Decision APPROVED