News | Board Minutes | 1998

EXPORT-IMPORT BANK OF THE UNITED STATES
MEETING OF THE LOAN COMMITTEE SUMMARY OF MINUTES
JULY 2, 1998

ITEM NO: 1.
Country: Mexico 
Request For:   Policy (New)                     Policy No.:  MSM-190611
Policy Type:   Single Sale/Multiple Shipments           
Coverage Type/Term: Comprehensive/MT
Insured:       E.L. Lester & Company Inc., Houston, TX.
Buyer/Obligor: Equipos y Servicios Especializados de Altamira S.A. de C.V., Tampico, Mexico.
Guarantor:     Reynaldo Santos de la Cruz, Tampico, Mexico.
End-User:      Equipos y Servicios Especializados de Altamira S.A. de C.V., Tampico, Mexico
Exporter:      E.L. Lester & Company Inc., Houston, TX.
Supplier:      E.L. Lester & Company Inc., Houston, TX.
Product:       2 new Terex Model T750 hydraulic truck cranes.
Eximbank Liability (MILLIONS):USD0 - USD1
Loan Committee Decision: APPROVED

                        EXPORT-IMPORT BANK OF THE UNITED STATES
                  SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
                                   JULY 2, 1998

ITEM NO 1
MODIFICATION TO WORKING CAPITAL GUARANTEE PROGRAM (WCGP)
PERMITTED USES OF LOAN PROCEEDS
Board Decision   APPROVED

ITEM NO 2
PROPOSAL FOR A NEW (HIGHER) LEVEL OF DELEGATED AUTHORITY UNDER THE
WORKING CAPITAL GUARANTEE PROGRAM (WCGP)
Board Decision   APPROVED

ITEM NO 3
MINUTES OF MEETING OF JUNE 18, 1998, TO BE APPROVED
Board Decision   APPROVED

ITEM NO 4
BANK LETTER OF CREDIT POLICY NO. ELC-110643
Policy Type: INSURANCE / COMPREHENSIVE / AMENDMENT
Insured:     ABN-AMRO BANK N.V., CHICAGO, IL
Products:    VARIOUS, PRINCIPALLY METAL ETCHING EQUIPMENT, SEMICONDUCTORS, 
  CHEMICAL CATALYSTS, OXIDE CHAMBERS, AND WATER INSPECTION SYSTEMS
Ex-Im Bank Liability (Millions): USD20+
Board Decision APPROVED

ITEM NO  5
Country CHINA (MAINLAND)                       AP073380XX
Request for FINAL COMMITMENT AND REQUEST BY PEFCO FOR EX-IM BANK APPROVAL OF ITS PARTICIPATION IN THE PROPOSED FINANCING
Applicant      CHASE SECURITIES INC., NEW YORK NY
Borrower       SPV/CHINA XIAMEN AIRLINES, XIAMEN FUJIAN CHINA(MAINLAND)
Guarantor      BANK OF CHINA, 10037 BEIJING CHINA(MAINLAND)
Buyer          SPV/CHINA XIAMEN AIRLINES, XIAMEN FUJIAN CHINA(MAINLAND)
End-user       CHINA XIAMEN AIRLINES, XIAMEN FUJIAN, CHINA(MAINLAND)
Exporter       BOEING COMPANY THE*, SEATTLE WA
Supplier       BOEING COMPANY THE*, SEATTLE WA
Supplier       CFM INTERNATIONAL INC, CINCINNATI OH
Gteed Lender   PRIVATE EXPORT FUNDING CORP, NEW YORK NY
Lessor         SPV/CHINA XIAMEN AIRLINES, XIAMEN FUJIAN CHINA(MAINLAND)
Lessee         CHINA XIAMEN AIRLINES, XIAMEN FUJIAN, CHINA(MAINLAND)
Project Description AIR TRANSPORTATION
Product Description 4 B737-700 AIRCRAFT
Financed Amount USD120,541,814
Repayment Term  12 YEARS
Board Decision APPROVED AND APPROVED PEFCO PARTICIPATION.

                        EXPORT-IMPORT BANK OF THE UNITED STATES
                  SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
                                   JULY 2, 1998

ITEM NO  5A
Country ALGERIA                                
Request for INDICATION OF EX-IM BANK INTEREST
Borrower       AIR ALGERIE, ALGIERS ALGERIA
Guarantor      MINST OF FINANCE, ALGIERS ALGERIA
Exporter       BOEING COMPANY THE*, RENTON WA
Product        AIRCRAFT
Board Decision APPROVED ISSUING A LETTER INDICATING EX-IM BANK’S INTEREST
               IN REVIEWING A FEASIBILITY STUDY AND OTHER PERTINANT MATERIALS
               TO MAKE A DETERMINATION IF EX-IM BANK CAN OFFER FINANCING SUPPORT.

ITEM NO  6
Country GEORGIA                                AP071277XX
Request for AMENDMENT OF FINAL COMMITMENT
Applicant      BANK OF NEW YORK (INC), THE, NEW YORK NY
Borrower       STATE ENTERPRISE SAKAERONAVIGATSIA, TBILISI GEORGIA
Guarantor      NONE
Buyer          STATE ENTERPRISE SAKAERONAVIGATSIA, TBILISI GEORGIA
End-user       STATE ENTERPRISE SAKAERONAVIGATSIA, TBILISI GEORGIA
Exporter       NORTHROP GRUMMAN CORPORATION, LINTHICUM HTS MD
Supplier       NORTHROP GRUMMAN CORPORATION, LINTHICUM HTS MD
Gteed Lender   BANK OF NEW YORK (INC), THE, NEW YORK NY
Project Name TBILISI AIRPORT ATC UPGRADE
Project Description AIR TRAFFIC CONTROL SYSTEM
Product Description RADAR, MICROWAVE COMMUNICATION SYSTEM
Financed Amount USD16,764,839
Repayment Term  8 YEARS
Board Decision APPROVED
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