News | Board Minutes | 1998

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE
SEPTEMBER 22, 1998

ITEM NO: 7.
Country: Turkey     Policy No.:  MTA-193888 
Request For: Insurance  Commitment (New)    
Policy Type: Single Sale/Single Shipment           
Coverage Type/Term: Comprehensive/MT
Insured: First Union National Bank, Charlotte, NC 
Buyer/Obligor: Nurteks Hali San. Ve Tic. A.S., Istanbul, Turkey
Guarantor: Turkiye Garanti Bankasi A.S., Istanbul, Turkey
End-User: Nurteks Hali San. Ve Tic. A.S., Istanbul, Turkey
Exporter: Tuftco International, Inc., Chattanooga, TN
Supplier: Tuftco International, Inc., Chattanooga, TN
Broker: Export Insurance Agency, Walpole, MA
Product: Tufting Equipment  
Eximbank Liability (MILLIONS):USD0 -USD1
Credit Committee Decision: APPROVED


                       EXPORT-IMPORT BANK OF THE UNITED STATES
                                SUMMARY OF MINUTES OF
                      SPECIAL MEETING OF THE BOARD OF DIRECTORS
                                  SEPTEMBER 23, 1998

ITEM NO. 1
NON-SOVEREIGN EXPOSURE FEE STRUCTURE OPTIONS
BOARD DECISION: APPROVED TRANSACTION-BASED RISK-PRICING MODEL
     
     
ITEM NO. 2
ADDITIONAL MISCELLANEOUS EXPOSURE FEE IMPLEMENTATION ISSUES
BOARD DECISION:  APPROVED ADDITIONAL FEATURES OF THE BANK’S
IMPLEMENTATION OF OECD FEE STRUCTURE 




                       EXPORT-IMPORT BANK OF THE UNITED STATES
                  SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
                                   SEPTEMBER 24, 1998

ITEM NO 1
MINUTES OF SPECIAL MEETING OF SEPTEMBER 9, 1998, TO BE APPROVED
Board Decision APPROVED

ITEM NO 2
MINUTES OF MEETING OF SEPTEMBER 10, 1998, TO BE APPROVED
Board Decision APPROVED

ITEM NO 3
JORDAN - ANNUAL REVIEW OF THE JORDANIAN FRAMEWORK AGREEMENT
Board Decision DISCUSSION

ITEM NO 4  -- ITEM WITHDRAWN
     
ITEM NO  5
Country LATVIA                                 AP072573XX
Request for FINAL COMMITMENT
Applicant      ARAB AMERICAN BANK*, NEW YORK NY
Borrower       LATVIJAS DZELZCELS, RIGA 1547 LATVIA
Guarantor      NONE
Buyer          LATVIJAS DZELZCELS, RIGA 1547 LATVIA
End-user       LATVIJAS DZELZCELS, RIGA 1547 LATVIA
Exporter       VECTOR INTERNATIONAL INC, BROOKLYN NY
Supplier       HARSCO CORPORATION, WEST COLUMBIA SC
Supplier       VECTOR INTERNATIONAL INC, BROOKLYN NY
Gteed Lender   ARAB AMERICAN BANK*, NEW YORK NY
Project Name LATVIA STATE RAILWAY
Project Description NATIONAL RAILROAD
Product Description RAIL SWITCH TAMPERS
Financed Amount USD    2,609,828
Repayment Term  5 YEARS
Board Decision APPROVED

                        EXPORT-IMPORT BANK OF THE UNITED STATES
                  SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
                                   SEPTEMBER 24, 1998

ITEM NO  6
Country SAUDI ARABIA                           PC073621XX
Request for PRELIMINARY COMMITMENT
Applicant      CITICORP N.A., LOS ANGELES CA
Borrower       SPECIAL PURPOSE ENTITY, N/K
Guarantor      NONE
Buyer          SPECIAL PURPOSE ENTITY, N/K
End-user       SAUDI OGER LTD, RIYADH SAUDI ARABIA
Exporter       BOEING COMPANY THE*, SEATTLE WA
Supplier       BOEING COMPANY THE*, SEATTLE WA
Supplier       CFM INTERNATIONAL INC, CINCINNATI OH
Supplier       ADDITIONAL SUPPLIERS
Gteed Lender   FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN DC
Lessor         SPECIAL PURPOSE ENTITY, N/K
Lessee         SAUDI OGER LTD, RIYADH SAUDI ARABIA
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Ex-Im Bank Liability (Millions) USD20+
PC Expiry Date 04/14/99
Board Decision APPROVED