News | Board Minutes | 2010

EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

JULY 26, 2010


ITEM NO 1	Minutes of July 8, 2010 Board Meeting to be approved 
Board Decision:  APPROVED.  Chairman Hochberg, Director Kian and Director Farrell 
all approved the minutes.


ITEM NO 2
Country KOREA, SOUTH                           AP084239XX
Request for FINAL COMMITMENT

Applicant    NATL AGRICULTURAL COOPERATIVE FEDERATION, SEOUL 100707 KOREA, REP OF
Borrower     NATL AGRICULTURAL COOPERATIVE FEDERATION, SEOUL 100707 KOREA, REP OF
Guarantor    NONE
Buyer        POSCO ENGINEERING & CONSTRUCTION CO. LTD,KANGNAM-GU, SEOUL,135777 KOREA, REP OF
End-user     POSCO POWER CORP, SEOUL, 135-080 KOREA, REP OF
Exporter     SIEMENS ENERGY, INC., ORLANDO FL
Supplier     SIEMENS ENERGY, INC., ORLANDO FL
Supplier     DOME CHARTERING & TRADING CORP, ANNAPOLIS MD
Supplier     GULF LOGISTICS & PROJECTS CO INC, HOUSTON TX
Gteed Lender PRIVATE EXPORT FUNDING CORP, NEW YORK NY

Project Name POSCO POWER INCHEON PLANT
Project Description (2) COMBINED CYCLE POWER PLANTS
Product Description GAS TURBINES & GENERATORS
Financed Amount $ 134,213,390
Repayment Term 12 YEARS

Board Decision:  APPROVED.  Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the transaction.
 
                       
ITEM NO 3
Country SINGAPORE                              AP084906XX
Request for FINAL COMMITMENT

Applicant      CITIBANK, N.A., SINGAPORE 039190 SINGAPORE
Borrower       SPV/BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
Buyer          SPV/BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
End User       CATHAY PACIFIC AIRWAYS LIMITED, CHEK LAP KOK 1003 HONG KONG
End User       HAINAN AIRLINES CO. LTD., HAINAN 570206 CHINA(MAINLAND)
End User       JET AIRWAYS (INDIA) PVT. LTD., MUMBAI - 400021 INDIA
Exporter       BOEING COMPANY, THE, RENTON WA
Exporter       BOEING COMPANY, THE, EVERETT WA
Supplier       BOEING COMPANY, THE, RENTON WA
Supplier       BOEING COMPANY, THE, EVERETT WA
Supplier       ADDITIONAL SUPPLIERS
Gteed Lender   CITIBANK, N.A., SINGAPORE 039190 SINGAPORE
Lessor         SPV/BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
Lessee         BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
Cofin ECA      NIPPON EXPORT AND INVESTMENT INSURANCE, CHIYODA-KU, TOKYO 101-0065 JAPAN

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

Board Decision:  APPROVED.  Chairman Hochberg and Director Kian both voted in favor of the transaction, Director Farrell recused herself.


ITEM NO 4A
Country NETHERLANDS                            AP084636XX
Request for FINAL COMMITMENT

Applicant      AERCAP GROUP SERVICES, SCHIPHOL APT. AMSTERDAM NETHERLANDS
Borrower       SPC/AERCAP IRELAND LIMITED, SHANNON, COUNTY CLARE IRELAND
Buyer          SPC/AERCAP IRELAND LIMITED, SHANNON, COUNTY CLARE IRELAND
End-user       VRG LINHAS AEREAS SA, SAO PAULO 04626-020 BRAZIL
Exporter       BOEING COMPANY, THE, RENTON WA
Supplier       CFM INTERNATIONAL INC, CINCINNATI OH
Supplier       VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier       BOEING COMPANY, THE, RENTON WA
Gteed Lender   CREDIT AGRICOLE CORPORATE AND INVESTMENT, NEW YORK NY
Lessor         SPC/AERCAP IRELAND LIMITED, SHANNON, COUNTY CLARE IRELAND
Lessee         AERCAP IRELAND LIMITED, COUNTY CLARE IRELAND

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision:  REFER TO U.S. CONGRESS.  Chairman Hochberg and Director Kian 
both voted in favor of the transaction, Director Farrell recused herself.
 
                     
ITEM NO 4B
Country NETHERLANDS                            PC085061XX
Request for PRELIMINARY COMMITMENT

Applicant      AERCAP GROUP SERVICES, SCHIPHOL APT. AMSTERDAM NETHERLANDS
Borrower       SPC/AERCAP IRELAND LIMITED, SHANNON, COUNTY CLARE IRELAND
Buyer          SPC/AERCAP IRELAND LIMITED, SHANNON, COUNTY CLARE IRELAND
End-user       VARIOUS END USER SUB-LESSEES, UNKNOWN VARIOUS CNTRIES
Exporter       BOEING COMPANY, THE, RENTON WA
Supplier       CFM INTERNATIONAL INC, CINCINNATI OH
Supplier       VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier       BOEING COMPANY, THE, RENTON WA
Gteed Lender   FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor         SPC/AERCAP IRELAND LIMITED, SHANNON, COUNTY CLARE IRELAND
Lessee         AERCAP IRELAND LIMITED, COUNTY CLARE IRELAND

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision:  REFER TO U.S. CONGRESS.  Chairman Hochberg and Director Kian 
both voted in favor of the transaction, Director Farrell recused herself.



ITEM NO 5A
Country UNITED STATES                          AP084214XX
Request for FINAL COMMITMENT

Applicant      AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
Borrower       SPV/AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
Buyer          SPV/AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
End-user       VARIOUS END USER SUB-LESSEES, UNKNOWN VARIOUS CNTRIES
Exporter       BOEING COMPANY, THE, RENTON WA
Supplier       CFM INTERNATIONAL INC, CINCINNATI OH
Supplier       VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier       BOEING COMPANY, THE, RENTON WA
Gteed Lender   CREDIT AGRICOLE CORPORATE AND INVESTMENT, NEW YORK NY
Lessor         SPV/AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
Lessee         AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

Board Decision:  APPROVED.  Chairman Hochberg and Director Kian both voted in favor of the transaction, Director Farrell recused herself.


ITEM NO 5B
Country UNITED STATES                          AP084214XA
Request for FINAL COMMITMENT

Applicant      AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
Borrower       SPV/AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
Buyer          SPV/AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
End-user       VARIOUS END USER SUB-LESSEES, UNKNOWN VARIOUS CNTRIES
Exporter       BOEING COMPANY, THE, RENTON WA
Supplier       CFM INTERNATIONAL INC, CINCINNATI OH
Supplier       VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier       BOEING COMPANY, THE, RENTON WA
Gteed Lender   CREDIT AGRICOLE CORPORATE AND INVESTMENT, NEW YORK NY
Lessor         SPV/AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
Lessee         AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

Board Decision:  APPROVED.  Chairman Hochberg and Director Kian both voted in favor of the transaction, Director Farrell recused herself.



ITEM NO 5C
Country UNITED STATES                          PC085190XX
Request for PRELIMINARY COMMITMENT

Applicant      AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
Borrower       SPV/AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
Buyer          SPV/AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
End-user       SPV/AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
Exporter       BOEING COMPANY, THE, RENTON WA
Supplier       CFM INTERNATIONAL INC, CINCINNATI OH
Supplier       VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier       BOEING COMPANY, THE, RENTON WA
Gteed Lender   FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor         SPV/AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA
Lessee         AVIATION CAPITAL GROUP CORP., NEWPORT BEACH CA

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
PC Expiry Date 02/14/11
Repayment Term 12 YEARS

Board Decision:  APPROVED.  Chairman Hochberg and Director Kian both voted in favor of the transaction, Director Farrell recused herself.

ITEM NO 6
Country AUSTRALIA                              AP084902XX
Request for FINAL COMMITMENT

Applicant      EXPORT FINANCE AND INSURANCE CORP, SYDNEY AUSTRALIA
Borrower       AUSTRALIA & NEW ZEALAND BANKING GROUP LD, MELBOURNE, VI 3000 AUSTRALIA
Guarantor      LEIGHTON HOLDINGS LIMITED, ST LEONARDS, NEW SOUTH WALES AUSTRALIA
Buyer          PT AUSTINDO NUSANTARA JAYA FINANCE, SUDIRMAN KAV 76-78, JAKARTA 12910 AUSTRALIA
End-user       PT THEISS CONTRACTORS INDONESIA, JAKARTA 12560 AUSTRALIA
Exporter       CATERPILLAR INC., PEORIA IL
Supplier       CATERPILLAR INC., PEORIA IL
Gteed Lender   EXPORT FINANCE AND INSURANCE CORP, SYDNEY AUSTRALIA

Project Name  NONE
Project Description COAL MINING PROJECT
Product Description MINING SERVICES EQUIPMENT - TRUCKS,
Financed Amount $   14,998,939
Repayment Term  4.5 YEARS

Board Decision:  APPROVED.  Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the transaction.


ITEM NO 7.  Short Term Delegated Authority Reinsurance Program
Board Decision:  APPROVED.  Chairman Hochberg, Director Kian and Director Farrell 
all voted in favor of the program.


ITEM NO 8.  Resolution Regarding Individual Delegated Authority (IDA)
Board Decision:  ADOPTED.  Chairman Hochberg, Director Kian and Director Farrell 
all voted in favor of the resolution.