News | Board Minutes | 2003

           EXPORT-IMPORT BANK OF THE UNITED STATES        

SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE

                                                      OCTOBER 24, 2003

Item No. 1

Country: Dominican Republic                  Policy No.: MSM-E-232520
 Request for: Insurance Policy Amendment, Co-financing

Policy Type:  Single Sale/Multiple Shipments

Coverage Type/Term: Comprehensive/MT

Insured:               Fortis Financial Services LLC, New York, NY

Buyer/Obligor:    Corporacion de Electricidad, Santo Domingo, Dominican Republic

End-User:            Corporacion de Electricidad, Santo Domingo, Dominican Republic

Guarantor:           Sovereign guarantee of the Dominican Republic, through the Secreteriado Tecnico

                                de la Presidencia, Santo Domingo, Dominican Republic

U.S. Exporter:        None

Exporter Canadian:  Dessau-Soprin International, Laval, Quebec, Canada

U.S. Supplier(s):       VA Tech Voest MCE Corporation, Salisbury, NC

                                         and others to be determined      

Broker:                     EIA Global Inc.

Product/Use:             Equipment and engineering services for construction of three
        mini-hydroelectric plants

Credit Committee Decision:  Denied amendment.

Item No. 2

Country: Dominican Republic                  Policy No.: MTA-252775

Requet for: Commitment (new)

Policy Type:  Single Sale/Single Shipment

Coverage Type/Term: Comprehensive/MT

Insured:              Oracle Credit Corporation, Redwood Shores, CA  94123

Buyer/Obligor:    Bancredito, S.A., Santo Domingo, Dominican Republic

End-User:            Bancredito, S.A., Santo Domingo, Dominican Republic

Guarantor:           None

Exporter:             Oracle Caribbean, Inc., San Juan, PR  00921

Supplier:              Same  

Broker:               EIA Global Inc.

Product/Use:      Oracle software for database and applications, plus related maintenance

Credit Committee Decision:  Denied

Item No. 3

Country: Mexico                  Policy No.: MSM-256867

Request for: Policy (new)

Policy Type:  Single Sale/Multiple Shipments

Coverage Type/Term: Comprehensive/MT

Insured:              Frost National Bank, Antonio, TX

Buyer/Obligor:   Bodega de Productos Internacionales, S.A. de C.V., Monterrey, Mexico

End-User:           Bodega de Productos Internacionales, S.A. de C.V., Monterrey, Mexico

Guarantor:         Raymundo Cantu Montemayor

Exporter:           Arnold Refrigeration, Inc., San Antonio, TX  78202-1103

Supplier:            Outokumpu Heatcraft USA, LLC, Grenada, MS 38901-0948   

Broker:              Penn International Insurance

Product/Use:     Refrigeration equipment

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

Credit Committee Decision:  Approved

ITEM NO 4

Country PHILIPPINES                         AP079952XX

Request for FINAL COMMITMENT

Applicant      TORONTO-DOMINION BANK, HOUSTON TX

Borrower       VITANGCOL, J. CONSTRUCTION CO., MANILA 1006 PHILIPPINES

Guarantor      VITANGCOL, NORBERTO A. & ALICE E., PARANAQUE CITY, METRO MANILA                              PHILIPPINES

Buyer          VITANGCOL, J. CONSTRUCTION CO., MANILA 1006 PHILIPPINES

End-user       VITANGCOL, J. CONSTRUCTION CO., MANILA 1006 PHILIPPINES

Exporter       PBJ VENTURE INTERNATIONAL CORPORATION, SAN MATEO CA

Supplier       PBJ VENTURE INTERNATIONAL CORPORATION, SAN MATEO CA

Gteed Lender   TORONTO-DOMINION BANK, HOUSTON TX

Project Description EARTH MOVING AND CONSTRUCTION EQUIPMENT

Product Description USED CONSTRUCTION EQUIPMENT

Financed Amount $    5,315,000

Repayment Term  5 YEARS

Credit Committee Decision APPROVED

Item No. 5

Country: Mexico                  Policy No.: MTA-255174

Request for: Commitment (new)

Policy Type:  Single Sale/Single Shipment

Coverage Type/Term: Comprehensive/MT

Insured:             RZB Finance LLC, New York, NY  10036-6710

Buyer/Obligor:  Cavazos Mercado Construcciones S.A. de C.V., San Luis Potosi, Mexico

End-User:          Cavazos Mercado Construcciones S.A. de C.V., San Luis Potosi, Mexico

Guarantor:         Joaquin Cavazos Mercado, San Luis Potosi, Mexico

Exporter(s):       San Antonio Trade Group, San Antonio, TX  78212-3421

                           RZB Finance LLC, New York, NY  10036-6710

Supplier:            San Antonio Trade Group, San Antonio, TX  78212-3421   

Broker:             Penn International Insurance, San Antonio, TX  78212-3446

Product/Use:    Used equipment for construction and civil engineering operations

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

Credit Committee Decision:  Approved