News | Board Minutes | 2008

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF THE MEETING OF BOARD OF DIRECTORS
NOVEMBER 20, 2008


ITEM NO 1
Country INDIA        AP083907XX
Request for FINAL COMMITMENT

Applicant      UPS CAPITAL BUSINESS CREDIT, WINDSOR CT
Borrower       SREI INFRASTRUCTURE FINANCE LIMITED, CALCUTTA 700 046 INDIA
Guarantor      NONE
Buyer          SREI INFRASTRUCTURE FINANCE LIMITED, CALCUTTA 700 046 INDIA
End-user       QUIPO OIL & GAS INFRASTRUCTURE LIMITED, SAKET, NEW DELHI 110017 INDIA
Exporter       INDAM INTERNATIONAL INC, HOUSTON TX
Exporter       APPLIED MACHINERY CORP, HOUSTON TX
Supplier       LETOURNEAU TECHNOLOGIES, LONGVIEW TX
Supplier       STEWART & STEVENSON LLC, HOUSTON TX
Supplier       APPLIED MACHINERY CORP, HOUSTON TX
Gteed Lender   UPS CAPITAL BUSINESS CREDIT, WINDSOR CT

Project Name SREI INFRASTRUCTURE FINANCE LIMITED
Project Description OIL & GAS WELL DRILLING SERVICES
Product Description TRAILER MOUNTED DRILLING RIG PACKAGE
Financed Amount $   47,828,279
Repayment Term  8 YEARS

Board Decision APPROVED


ITEM NO 2
Country INDIA     AP083784XX
Request for FINAL COMMITMENT

Applicant      GENERAL ELECTRIC CAPITAL CORPORATION, WASHINGTON DC
Borrower       LANCO KONDAPALLI POWER PRIVATE LIMITED, HYDERABAD, ANDHRA PRADESH INDIA
Guarantor      NONE
Buyer          LANCO INFRATECH LIMITED, HYDERABAD, ANDHRA PRADESH INDIA
End-user       LANCO KONDAPALLI POWER PRIVATE LIMITED, HYDERABAD, ANDHRA PRADESH INDIA
Exporter       GENERAL ELECTRIC COMPANY, SCHENECTADY NY
Supplier       GENERAL ELECTRIC COMPANY, SCHNECTADY NY
Supplier       GENERAL ELECTRIC INTERNATIONAL, ATLANTA GA
Supplier       VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN
Gteed Lender   NONE

Project Name LANCO KONDAPALLI PRIVATE POWER LTD.
Project Description COMBINED CYCLE POWER PLANT
Product Description GAS TURBINE GENERATORS
Financed Amount $   62,284,458
Repayment Term  8 YEARS

Board Decision APPROVED


Item No. 3                                  
Country: Mexico	          Policy No.: FB-437095
Request For: Renewal			       Coverage Type/Term: Comprehensive/ST
Policy Type: Financial Institution Buyer Credit

Insured:	   Wells Fargo HSBC Trade Bank, Houston, TX  77002-5005
Buyer/Obligor: Industrializadora de Productos Agricolas de la Cuenca del Papaloapan,
			 S.A. de C.V., La Granja, Veracruz, Mexico
Guarantor:	   Inversora Industrial Agropecuria, S.A. de C.V., La Granja, Veracruz, Mexico
Exporter:	   The Rice Company, Roseville, CA and Others
Supplier:	   The Rice Company, Roseville, CA and Others
Broker:	   Structured Trade Services LLC, Houston, TX
Product/Use:   Rice
Ex-Im Bank Liability (Millions):  $5-$20

Board Decision APPROVED


ITEM NO 4
Country: South Korea							
Request For:  Issuing Bank Credit Limit  Policy No.: IBCL-440482
Policy Type:  Bank Letter of Credit	 Coverage Type/Term: Comprehensive/ST
				
Insured:	  	JP Morgan Chase Bank, N.A. New York, NY
Buyer/Obligor:	Kookmin Bank, Gyeonggi-Do, South Korea
End User:		Hyundai Heavy Industries Co., Ulsan, South Korea
Guarantor:		None
Exporter:		General Electric Co., Schnectady, NY
Supplier:		General Electric Co., Schnectady, NY
Broker:		Export Insurance Agency, Walpole, MA
Product/Use: 	Gas Turbine Generators
Ex-Im Bank Liability (Millions):  $20+

Board Decision APPROVED