News | Board Minutes | 1998

EXPORT - IMPORT BANK OF THE UNITED STATES
MEETING OF THE CREDIT COMMITTEE SUMMARY OF MINUTES
SEPTEMBER 15, 1998  

ITEM NO: 1.
Country: Argentina                            Policy No.:  MTA-193698 
Request For:   Insurance Commitment (New) 
Policy Type: Single Sale/Single Shipment           
Coverage Type/Term: Comprehensive/MT
Insured: Ayres Corporation, Albany, GA
Buyer/Obligor: Luis Alberto Antivero, Buenos Aires, Argentina
Guarantors: None
End-User: Luis Alberto Antivero, Buenos Aires, Argentina
Exporter: Ayres Corporation, Albany, GA
Supplier:Ayres Corporation, Albany, GA 
Product:One Ayres Model S2R-G10/510 Turbo Thrush Airplane, motor, and accessories
Eximbank Liability (MILLIONS):USD0 - USD1                                      
Credit Committee Decision: APPROVED

ITEM NO: 2.
Country: Uruguay                          Policy No.:  MSM-192906  
Request For: Insurance         Policy (New) 
Policy Type: Single Sale/Multiple Shipments     
Coverage Type/Term: Comprehensive/MT
Insured: NationsBank, N.A., Charlotte, NC
Buyer/Obligor: Casarone Agroindustrial, S.A., Montevideo, Uruguay
Guarantors: Josef Huber, Montevideo, Uruguay
End-User: Casarone Agroindustrial, S.A., Montevideo, Uruguay
Exporter: Case Corporation, Racine, WI
Supplier:Case Corporation, Racine, WI 
Product:Rice Milling Combines & Tractors
Eximbank Liability (MILLIONS):USD0 - USD1                                      
Credit Committee Decision: APPROVED

ITEM NO: 3.
Country: Turkey     Policy No.:  MSM-193342
Request For: Insurance Policy (New)    
Policy Type: Single Sale/Multiple Shipments         
Coverage Type/Term:Comprehensive/MT
Insured: First Union Bank, Charlotte, NC
Buyer/Obligor: Gima Gida ve Ihtiyac Maddeleri T.A.S., Istanbul, Turkey
Guarantor: Finansbank A.S., Istanbul, Turkey
End-User: Gima Gida ve Ihtiyac Maddeleri T.A.S., Istanbul, Turkey
Exporter: NCR International Inc., Dayton, OH
Supplier: NCR International Inc., Dayton, OH
Broker: Export Insurance Agency, Walpole, MA
Product: Point of Sale Terminals & related equipment
Eximbank Liability (MILLIONS): USD0 - USD1
Credit Committee Decision: APPROVED

                       EXPORT-IMPORT BANK OF THE UNITED STATES
                  SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
                                   SEPTEMBER 17, 1998

ITEM NO  1
Working Capital Guarantee No. AP073562XX
Request for FINAL COMMITMENT
Applicant      BANC ONE INTERNATIONAL CORPORATION, DALLAS, TX
Gteed Lender   BANC ONE INTERNATIONAL CORPORATION, DALLAS, TX
Borrower       DELTA BRANDS INC, IRVING TX
Guarantor      SAVARIEGO, SAMUEL, DALLAS TX
Guarantor      S & S INDUSTRIES INC, IRVING TX
Guarantor      S&S HOLDING, INC., IRVING TX
               (JOINTLY & SEVERALLY
Product Description ROLLING MILL EQUIPMENT
Ex-Im Bank Liability (Millions) USD5 - USD20
Board Decision APPROVED

ITEM NO  2
Country MEXICO                                 AP072632XX
Request for 1) A FINDING OF NO SIGNIFICANT IMPACT UNDER THE NATIONAL
               ENVIRONMENTAL POLICY ACT (NEPA); AND
            2) AMENDMENT OF FINAL COMMITMENT
Applicant      SWISS BANK NEW YORK, NEW YORK NY
Borrower       COMISION FEDERAL DE ELECTRICIDAD, CIUDAD DE MEXICO, DISTRITO FEDERAL MEXICO
Guarantor      NONE
Buyer          COMISION FEDERAL DE ELECTRICIDAD, CIUDAD DE MEXICO, DISTRITO FEDERAL MEXICO
End-user       COMISION FEDERAL DE ELECTRICIDAD, CIUDAD DE MEXICO, DISTRITO FEDERAL MEXICO
Exporter       WESTINGHOUSE ELECTRIC CORP, ORLANDO FL
Exporter       MARUBENI AMERICA CORPORATION, NEW YORK NY
Supplier       WESTINGHOUSE ELECTRIC CORP, ORLANDO FL
Supplier       GENERAL ELECTRIC COMPANY*, SCHENECTADY NY
Supplier       ADDITIONAL SUPPLIERS
Gteed Lender   UBS AG, NEW YORK NY
Project Description ELECTRIC SERVICES
Product Description TURBINES & GENERATOR SETS
Financed Amount USD  227,325,677
Repayment Term  12 YEARS
Board Decision Pursuant to the National Environmental Policy Act and 12 C.F.R. Part 408, the Board of Directors has found that the transaction known as
"Rosarito III - Gas Turbine" (Ex-Im Bank No. AP072632XX - Mexico) will not have a significant impact on the environment in the United States.
APPROVED a Finding of No Significant Impact under the National Environmental Policy Act. Also APPROVED amendment.

                        EXPORT-IMPORT BANK OF THE UNITED STATES
                  SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
                                   SEPTEMBER 17, 1998

ITEM NO  3
Country CHINA (MAINLAND)                       AP073129XX
Request by PEFCO FOR EX-IM BANK APPROVAL OF ITS FIXED LENDING INTEREST RATE.
                    APPROVED 4/30/98
Applicant      CHASE SECURITIES INC., NEW YORK NY
Borrower       SPV/CHINA EASTERN AIRLINES, GRAND CAYMAN CAYMAN ISLANDS
Guarantor      INDUSTRIAL & COMMERCIAL BANK OF CHINA, BEIJING 100036 CHINA(MAINLAND)
Buyer          SPV/CHINA EASTERN AIRLINES, GRAND CAYMAN CAYMAN ISLANDS
End-user       CHINA EASTERN AIRLINES, SHANGHAI, CHINA(MAINLAND)
Exporter       BOEING NORTH AMERICAN INC, LONG BEACH CA
Supplier       BOEING COMPANY THE*, SEATTLE WA
Supplier       IAE INTERNATIONAL AERO ENGS AG, GLASTONBURY CT
Gteed Lender   PRIVATE EXPORT FUNDING CORP, NEW YORK NY
Lessor         SPV/CHINA EASTERN AIRLINES, GRAND CAYMAN CAYMAN ISLANDS
Lessee         CHINA EASTERN AIRLINES, SHANGHAI, CHINA(MAINLAND)
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision APPROVED PEFCO INTEREST RATE.

ITEM NO  4
Country CHINA (MAINLAND)                       AP073622XX
Request by PEFCO FOR EX-IM BANK APPROVAL OF ITS FIXED LENDING INTEREST RATE.
                     APPROVED 7/17/98
Applicant      CHASE SECURITIES INC., NEW YORK NY
Borrower       SPV/CHINA EASTERN AIRLINES, GRAND CAYMAN CAYMAN ISLANDS
Guarantor      CHINA CONSTRUCTION BANK, BEIJING CHINA(MAINLAND)
Buyer          SPV/CHINA EASTERN AIRLINES, GRAND CAYMAN CAYMAN ISLANDS
End-user       CHINA EASTERN AIRLINES, SHANGHAI, 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 EASTERN AIRLINES, GRAND CAYMAN CAYMAN ISLANDS
Lessee         CHINA EASTERN AIRLINES, SHANGHAI, CHINA(MAINLAND)
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision APPROVED PEFCO INTEREST RATE.

                        EXPORT-IMPORT BANK OF THE UNITED STATES
                  SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
                                   SEPTEMBER 17, 1998

ITEM NO  5
Country CHINA (MAINLAND)                       AP073875XX
Request for FINAL COMMITMENT
Applicant      SHENZHEN AIRLINES, SHENZHEN, 518128 CP CHINA(MAINLAND)
Borrower       SPV/SHENZHEN AIRLINES, SHENZHEN, GUANGDONG CHINA(MAINLAND)
Guarantor      INDUSTRIAL & COMMERCIAL BANK OF CHINA, BEIJING 100036 CHINA(MAINLAND)
Buyer          SPV/SHENZHEN AIRLINES, SHENZHEN, GUANGDONG CHINA(MAINLAND)
End-user       SHENZHEN AIRLINES, SHENZHEN, 518128 CP CHINA(MAINLAND)
Exporter       BOEING COMPANY THE*, SEATTLE WA
Supplier       BOEING COMPANY THE*, SEATTLE WA
Supplier       CFM INTERNATIONAL INC, CINCINNATI OH
Gteed Lender   ABN AMRO BANK N.V., CHICAGO IL
Lessor         SPV/SHENZHEN AIRLINES, SHENZHEN, GUANGDONG CHINA(MAINLAND)
Lessee         SHENZHEN AIRLINES, SHENZHEN, 518128 CP CHINA(MAINLAND)
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Financed Amount USD   60,947,301
Repayment Term  12 YEARS
Board Decision APPROVED

ITEM NO  6A
Country TURKEY                                 AP073661XX
Request for FINAL COMMITMENT
Applicant      ABN AMRO NORTH AMERICA INC, CHICAGO IL
Borrower       SPV/TURK HAVA YOLLARI TAO, ISTANBUL TURKEY
Guarantor      UNDERSECRETARIAT OF TREASURY, ANKARA 06510 TURKEY
Buyer          SPV/TURK HAVA YOLLARI TAO, ISTANBUL TURKEY
End-user       TURK HAVA YOLLARI T A O, ISTANBUL, TURKEY
Exporter       BOEING COMPANY THE*, SEATTLE WA
Supplier       BOEING COMPANY THE*, SEATTLE WA
Supplier       CFM INTERNATIONAL INC, CINCINNATI OH
Gteed Lender   ABN AMRO NORTH AMERICA INC, CHICAGO IL
Lessor         SPV/TURK HAVA YOLLARI TAO, ISTANBUL TURKEY
Lessee         TURK HAVA YOLLARI T A O, ISTANBUL, TURKEY
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT 
Financed Amount USD  61,370,000
Repayment Term  12 YEARS
Board Decision APPROVED

                        EXPORT-IMPORT BANK OF THE UNITED STATES
                  SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
                                   SEPTEMBER 17, 1998

ITEM NO  6B
Country TURKEY                                 AP073566XX
Request for FINAL COMMITMENT
Applicant      CITIBANK N.A., 80280 ESENTEPE, ISTANBUL TURKEY
Borrower       SPV/TURK HAVA YOLLARI TAO, ISTANBUL TURKEY
Guarantor      UNDERSECRETARIAT OF TREASURY, ANKARA 06510 TURKEY
Buyer          SPV/TURK HAVA YOLLARI TAO, ISTANBUL TURKEY
End-user       TURK HAVA YOLLARI T A O, ISTANBUL, TURKEY
Exporter       BOEING COMPANY THE*, SEATTLE WA
Supplier       BOEING COMPANY THE*, SEATTLE WA
Supplier       CFM INTERNATIONAL INC, CINCINNATI OH
Gteed Lender   CITIBANK N A*, NEW YORK NY
Lessor         SPV/TURK HAVA YOLLARI TAO, ISTANBUL TURKEY
Lessee         TURK HAVA YOLLARI T A O, ISTANBUL, TURKEY
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Financed Amount USD  122,740,000
Repayment Term  12 YEARS
Board Decision APPROVED

ITEM NO  6C
Country TURKEY                                 PC073136XX
Request for PRELIMINARY COMMITMENT
Applicant      BOEING COMPANY THE*, SEATTLE WA
Borrower       SPV/TURK HAVA YOLLARI TAO, ISTANBUL TURKEY
Guarantor      UNDERSECRETARIAT OF TREASURY, ANKARA 06510 TURKEY
Buyer          SPV/TURK HAVA YOLLARI TAO, ISTANBUL TURKEY
End-user       TURK HAVA YOLLARI T A O, ISTANBUL, TURKEY
Exporter       BOEING COMPANY THE*, SEATTLE WA
Supplier       BOEING COMPANY THE*, SEATTLE WA
Supplier       CFM INTERNATIONAL INC, CINCINNATI OH
Gteed Lender   FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN DC
Lessor         SPV/TURK HAVA YOLLARI TAO, ISTANBUL TURKEY
Lessee         TURK HAVA YOLLARI T A O, ISTANBUL, TURKEY
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT 
Ex-Im Bank Liability (Millions) USD20+
PC Expiry Date 04/14/99
Board Decision APPROVED

                        EXPORT-IMPORT BANK OF THE UNITED STATES
                  SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
                                   SEPTEMBER 17, 1998

ITEM NO  6D
Country TURKEY                                 PC073655XX
Request for PRELIMINARY COMMITMENT
Applicant      BOEING COMPANY THE*, SEATTLE WA
Borrower       TURK HAVA YOLLARI T A O, ISTANBUL, TURKEY
Guarantor      UNDERSECRETARIAT OF TREASURY, ANKARA 06510 TURKEY
Buyer          TURK HAVA YOLLARI T A O, ISTANBUL, TURKEY
End-user       TURK HAVA YOLLARI T A O, ISTANBUL, TURKEY
Exporter       BOEING COMPANY THE*, SEATTLE WA
Supplier       BOEING COMPANY THE*, SEATTLE WA
Supplier       CFM INTERNATIONAL INC, CINCINNATI OH
Gteed Lender   FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN DC
Project Description AIR TRANSPORTATION
Product Description AIR FRAME SPARES & GROUND SUPPORT
Ex-Im Bank Liability (Millions) USD20+
PC Expiry Date 01/14/99
Board Decision APPROVED

ITEM NO 7
MEXICAN BANK SECTOR STUDY
DELEGATION OF AUTHORITY REQUESTS
Board Decision APPROVED DELEGATION OF AUTHORITY

                        EXPORT-IMPORT BANK OF THE UNITED STATES
                   SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE
                                   SEPTEMBER 18, 1998

ITEM NO 1
Country EGYPT                                  AP069589XX
Request for AMENDMENT OF FINAL COMMITMENT
Applicant      BANK ONE TEXAS, N.A., HOUSTON TX
Borrower       TANMIA AGRICULTURAL DEVELOPMENT CO. SARL, ZAHLEH LEBANON
Guarantor      WADI HOLDINGS SAE, MOHANDESSINE, CAIRO EGYPT
Guarantor      FREIJI, MUSA S., MOHANDISEEN, GIZA EGYPT
Guarantor      ADDITIONAL GUARANTORS
Buyer          TANMIA AGRICULTURAL DEVELOPMENT CO. SARL, ZAHLEH LEBANON
End-user       TANMIA AGRICULTURAL DEVELOPMENT CO. SARL, ZAHLEH LEBANON
Exporter       BETCO INC, BLUFFTON SC
Supplier       BETCO INC, BLUFFTON SC
Supplier       VAL PRODUCTS INC, BIRD IN HAND PA
Supplier       ADDITIONAL SUPPLIERS
Gteed Lender   BANK ONE TEXAS, N.A., HOUSTON TX
Project Name INTEGRATED POULTRY FARM
Project Description POULTRY PROJECT
Product Description PROCESS, REFRIG, WATER TREATMENT EQUIP.
Credit Committee Decision APPROVED AMENDMENT, with addition of the currently
existing operating companies as joint and several guarantors.

ITEM NO 2
Country AUSTRALIA                              AP073684XX
Request for FINAL COMMITMENT
Applicant      STANDARD CHARTERED BANK, MIAMI FL
Borrower       BLISS CORPORATION LIMITED, SYDNEY, NSW 2164 AUSTRALIA
Guarantor      NONE
Buyer          BLISS CORPORATION LIMITED, SYDNEY, NSW 2164 AUSTRALIA
End-user       BLISS CORPORATION LIMITED, SYDNEY, NSW 2164 AUSTRALIA
Exporter       THERMA-TRON-X INC., STURGEON BAY WI
Supplier       THERMA-TRON-X INC., STURGEON BAY WI
Gteed Lender   STANDARD CHARTERED BANK, MIAMI FL
Project Description AUTOMOTIVE PARTS MANUFACTURING
Product Description SST ELECTROCOAT PAINT SYSTEM
Credit Committee Decision DENIED

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