News | Board Minutes | 2003

                 EXPORT-IMPORT BANK OF THE UNITED STATES

          SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE

                              JULY 18, 2003

ITEM NO 1

Country BRAZIL                                 AP079702XX

Request for FINAL COMMITMENT

Applicant   ALLFIRST BANK, A DIVISION OF M&T BANK, BALTIMORE MD

Borrower    CARAMURU ALIMENTOS LTDA., ITUMBIARA, GOIAS 75520-900 BRAZIL

Guarantor   CARAMURU ADMIN E PARTICIPACOES S/C LTDA, ITUMBIARA, GOIS  75520-900
                    BRAZIL

Guarantor   CARAMURU ARMAZENS GERAIS LTDA, ITUMBIARA BRAZIL

Buyer       CARAMURU ALIMENTOS LTDA., ITUMBIARA, GOIAS 75520-900 BRAZIL

End-user    CARAMURU ALIMENTOS LTDA., ITUMBIARA, GOIAS 75520-900 BRAZIL

Exporter    INDUSTRIAL MARITIME CARRIERS, NEW ORLEANS LA

Exporter    GATX CAPITAL CORP., SAN FRANCISCO CA

Supplier    INDUSTRIAL MARITIME CARRIERS, NEW ORLEANS LA

Supplier    GATX CAPITAL CORP., SAN FRANCISCO CA

Gteed Lender ALLFIRST BANK, A DIVISION OF M&T BANK, BALTIMORE MD

Gteed Lender GENERAL ELECTRIC COMPANY, ERIE PA

Project Name NONE

Project Description RAIL TRANSPORT

Product Description LOCOMOTIVES

Financed Amount  $  243,794

Repayment Term  3.5 YEARS

Credit Committee Decision APPROVED