News | Board Minutes | 1998

EXPORT-IMPORT BANK OF THE UNITED STATES 
SUMMARY OF MINUTES OF MEETING OF  CREDIT COMMITTEE
DECEMBER 8, 1998

Item No. 3
Country: Ecuador                          Policy No.: MTA-195768
Request for: Insurance Commitment (New) 
Policy Type: Single Sale/Single Shipment 
Coverage Type/Term: Comprehensive/MT
Insured:       First Union National Bank, Philadelphia, PA
Buyer/Obligor: Banco del Progreso, S.A., Guayaquil, Ecuador
Guarantor      N/A
End-User:      TECNAC Compania Tecnica Nacional, S.A., Guayaquil, Ecuador
Exporter:     MD Moody & Sons, Inc., Coral Springs, FL
Supplier:     Manitowoc Inc., Manitowoc, WI (through an office in Florida)
Product:      One (1) used Bucyrus Erie 60-ton crane.
Ex-Im Bank Liability (Millions): USD0 - USD1
Credit Committee Decision: APPROVED

ITEM NO 4
Country GREECE                                 AP073156XX
Request for FINAL COMMITMENT
Applicant      COMMERZBANK AG, NEW YORK NY
Borrower       CHIMAR HELLAS S.A., THSSALONIKI 55131 GREECE
Guarantor      WOODCHEM CANADA LTD., SAINT JOHN, NEW BRUNSWICK CANADA
Guarantor      ACM WOOD CHEMICALS, PLC, WEST DRAYTON, MIDDLESEX UNITED KINGDOM
Guarantor      ADDITIONAL GUARANTORS
Buyer          CHIMAR HELLAS S.A., THSSALONIKI 55131 GREECE
End-user       CHIMAR HELLAS S.A., THSSALONIKI 55131 GREECE
Exporter       LEWIS MECHANICAL & METALWORKS, POCATELLO ID
Exporter       CAL POLYMERS INC, POCATELLO ID
Supplier       LEWIS MECHANICAL & METALWORKS, POCATELLO ID
Supplier       CAL POLYMERS INC, POCATELLO ID
Gteed Lender   COMMERZBANK AG, NEW YORK NY
Project Description MANUFACTURES RESINS FOR WOOD PRODUCTS
Product Description UREA FORMALDEHYDE CONCENTRATE PLANT
Financed Amount USD4,632,750
Repayment Term  5 YEARS
Credit Committee Decision APPROVED