News | Board Minutes | 2001

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE
JUNE 12, 2001

Item No. 1
Country: Nicaragua               Policy No.: MSM-225250				                
Request for:   Policy (New)					               
Policy Type:   Single Sale/ Multiple Shipments      			      
Coverage Type/Term: Comprehensive/MT
Insured:        Northern Trust Bank, Chicago, IL 60675-0001
Buyer/Obligor:  Alcaldia (Mayor's Office) of the City of Managua, Managua, Nicaragua
Guarantor:      Banco de la Exportacion (Banexpo), Managua, Nicaragua
End-User:       Sanitation Division of the City of Managua, Managua, Nicaragua
Exporter:       Nextran Corp, Jacksonville, FL 32209-7540
Supplier:       Mack Trucks, Inc., Allentown, PA 18103-5622
Broker:         EIA Global, Walpole, MA
Product:        Mack refuse trucks 
Ex-Im Bank Liability (Millions): USD1 - USD5
Credit Committee Decision: APPROVED

Item No. 2
Country: Turkey  	         Policy No.: MTA-224022 				
Request for: Commitment (New)		         	
Policy Type: Single Sale/Single Shipment        		
Coverage Type/Term: Comprehensive/MT
Insured:        The Bank of New York, New York, NY 10286
Buyer/Obligor:  Hamamcioglu Makina Sanayi Ve Ticaret A.S., Istanbul, Turkey
Guarantors:     Kocbank A.S., Istanbul, Turkey
End-User:       Hamamcioglu Makina Sanayi Ve Ticaret A.S., Istanbul, Turkey
Exporter:       Ingersoll-Rand Company, Inc., Woodcliff Lake, NJ 07677-7700
Supplier:       Ingersoll-Rand Company, Inc., Woodcliff Lake, NJ 07677-7700
Broker:         Export Insurance Agency, Walpole MA 
Product:        Bobcat skid steer loaders used in construction and road making.    
Ex-Im Bank Liability (Millions): USD0 - USD1
Credit Committee Decision: APPROVED

Item No. 3
Country: Turkey  	          Policy No.: MSM-224659				
Request for: Policy (New)		         		
Policy Type: Single Sale/Multiple Shipments        	
Coverage Type/Term: Comprehensive/MT
Insured:        First Union National Bank, Philadelphia, PA 19101 
Buyer/Obligor:  Erciyes Tekstil ve Konfeksiyon Sanayi ve Ticaret, Istanbul, Turkey
Guarantors:     Turkiye Is Bankasi, Istanbul, Turkey
End-User:       Erciyes Tekstil ve Konfeksiyon Sanayi ve Ticaret, Istanbul, Turkey
Exporter:       Ellis Corporation, Itasca, IL 60143-1384	
Supplier:       Ellis Corporation, Itasca, IL 60143-1384
Broker:         Export Insurance Agency, Walpole MA 
Product:        Textile equipment 
Ex-Im Bank Liability (Millions): USD1 - USD5
Credit Committee Decision: APPROVED

Item No. 4
Country: Turkey  	        Policy No.: MSM-224642  				
Request for: Policy (New)		         		
Policy Type: Single Sale/Multiple Shipments       		
Coverage Type/Term: Comprehensive/MT
Insured:        First Union National Bank, Philadelphia, PA 19101 
Buyer/Obligor:  Erciyes Tekstil ve Konfeksiyon Sanayi ve Ticaret, Istanbul, Turkey
Guarantors:     Turkiye Is Bankasi, Istanbul, Turkey
End-User:       Erciyes Tekstil ve Konfeksiyon Sanayi ve Ticaret, Istanbul, Turkey
Exporter:       Pellerin Milnor Corporation, Kenner, LA 70062-7774	
Supplier:       Pellerin Milnor Corporation, Kenner, LA 70062-7774
Broker:         Export Insurance Agency, Walpole MA 
Product:        Textile equipment
Ex-Im Bank Liability (Millions): USD0 - USD1
Credit Committee Decision: APPROVED

Item No. 5
Country:Mexico 		       Policy No.:     MSM-223339			     
Request for:	Policy (New)					
Policy Type:	Single Sale/Multiple Shipments 		
Coverage Type/Term:  Comprehensive M/T
Insured:     PNC Bank, Pittsburgh, PA
Buyer:       Rent-A-Trailer, S.A. de C.V., Tepotzoltan, Mexico
Guarantors:  Utility Trailers de Mexico, S.A. de C.V., Tepotzoltan, Mexico
               Gabriel Garcia Diaz, Tepotzoltan, Mexico
End-user:    Rent-A-Trailer, S.A. de C.V., Tepotzoltan, Mexico
Exporter:    Utility Trailer Manufacturing Company, Inc., City of Industry, CA
                91748-1022
Supplier:    Utility Trailer Manufacturing Company, Inc., City of Industry, CA 
                91748-1022
Broker:      Export Insurance Agency
Product:     Dry cargo, refrigerated or flatbed trailers for leasing to customers
Credit Committee Decision: DENIED 


ITEM NO 6
Country UGANDA                                 AP077399XX
Request for FINAL COMMITMENT
Applicant      RIGGS NATIONAL BANK WASH D C, WASHINGTON DC
Borrower       MUSSECO INDUSTRIES (U) LTD., KAMPALA UGANDA
Guarantor      SSEBUNYA, ROBERT, KAMPALA UGANDA
Guarantor      SSERUMAGA, GEOFFREY, KAMPALA UGANDA
Buyer          MUSSECO INDUSTRIES (U) LTD., KAMPALA UGANDA
End-user       MUSSECO INDUSTRIES (U) LTD., KAMPALA UGANDA
Exporter       ATLAS MERCANTILE, INC., SILVER SPRING MD
Supplier       EMPIRE BAKERY EQUIPMENT, HEMPSTEAD NY
Gteed Lender   RIGGS NATIONAL BANK WASH D C, WASHINGTON DC
Project Description BAKED FOOD PRODUCTS
Product Description ELECTRIC OVENS, BREAD MOULDER, ETC.
Financed Amount USD      393,475
Repayment Term  5 YEARS
Credit Committee Decision APPROVED


ITEM NO 7
Country TURKEY                                 AP077402XX
Request for FINAL COMMITMENT
Applicant      FIRST INTERNATIONAL BANK, HARTFORD CT
Borrower       BERKE TEKSTIL SANAYI VE TICARET LTD., GURSU-BURSA TURKEY
Guarantor      DURSAN, MEHMET, BURSA TURKEY
Guarantor      KIRSAC, HALIM, BURSA TURKEY
Buyer          BERKE TEKSTIL SANAYI VE TICARET LTD., GURSU-BURSA TURKEY
End-user       BERKE TEKSTIL SANAYI VE TICARET LTD., GURSU-BURSA TURKEY
Exporter       GASTON COUNTY DYEING MACHINE CO., MOUNT HOLLY NC
Supplier       GASTON COUNTY DYEING MACHINE CO., MOUNT HOLLY NC
Gteed Lender   FIRST INTERNATIONAL BANK, HARTFORD CT
Project Description TEXTILE FABRICATING & DYEING
Product Description DYEING MACHINERY
Financed Amount USD      226,371
Repayment Term  4 YEARS
Credit Committee Decision APPROVED

                       EXPORT-IMPORT BANK OF THE UNITED STATES
                  SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
                                   JUNE 14, 2001

ITEM NO 1	Minutes of May 10, 2001 Board Meeting to be approved.
         	Board Decision:  APPROVED

ITEM NO 2	Minutes of May 17, 2001 Board Meeting to be approved.
         	Board Decision:  APPROVED

ITEM NO 3	Minutes of May 24, 2001 Board Meeting to be approved.
         	Board Decision:  APPROVED

ITEM NO 4
Country CHILE                                  AP077173XX
Request for FINAL COMMITMENT
Applicant      ING (U.S.) CAPITAL LLC, NEW YORK NY
Borrower       SPV/LADECO S.A., SANTIAGO CENTRO - SANTIAGO CHILE
Guarantor      LAN CHILE S.A., COMUNA DE RENCA, SANTIAGO CHILE
Buyer          SPV/LADECO S.A., SANTIAGO CENTRO - SANTIAGO CHILE
End-user       LADECO S.A., RENCA, SANTIAGO CHILE
End-user       AEROTRANSPSORTES MAS DE CARGA, SA DE CV, MEXICO D.F. 15520 MEXICO
End-user       ADDITIONAL END-USERS
Exporter       BOEING COMPANY, THE, SEATTLE WA
Supplier       BOEING COMPANY, THE, SEATTLE WA
Supplier       GENERAL ELECTRIC COMPANY, CINCINNATI OH
Gteed Lender   ING (U.S.) CAPITAL LLC, NEW YORK NY
Lessor         SPV/LADECO S.A., SANTIAGO CENTRO - SANTIAGO CHILE
Lessee         LADECO S.A., RENCA, SANTIAGO CHILE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision REFER TO U.S. CONGRESS

ITEM NO 5							Policy Number: ELC 110643
Country:  	 China					
Request For: Issuing Bank Credit Limit Approval
Policy Type: Bank Letter of Credit Policy	 	
Coverage Type/Term: Comprehensive/ST
Insured:	ABN-AMRO Bank, Chicago, Illinois
Obligor:	Bank of Communications, Baotou Branch, China
Guarantor:	None
End-User:	Rare Earth Ovonic Metal Hydride Co., Ltd., Baotou, Inner Mongolia, China
Exporters:	Ovonic Battery Company, Troy, Michigan, 48084-5524
Suppliers:	Ovonic Battery Company, Troy, Michigan, 48084-5524
Broker:	Aon Trade Credit, Chicago, Illinois
Product/Use:Equipment for hydride battery manufacturing
Ex-Im Liability (Millions): USD20+		
Board Decision APPROVED


>