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EX-IM BANK CREDIT COMMITTEE APPROVES FINANCING FOR TRUCKS TO MEXICO AND FUEL TERMINAL EQUIPMENT INSTALLATION IN GUATEMALA

FOR IMMEDIATE RELEASE December 12, 2002

Media Contact Name/Phone: 

Ken Murphy (202) 565-3200

MEXICO: The Export-Import Bank of the United States (Ex-Im Bank) Credit Committee approved a $4.9 million single sale/multiple shipment comprehensive medium-term insurance policy requested by PNC Bank N.A. of Pittsburgh, PA to support the sale of Great Dane brand truck trailers to Nortrack de Mexico. The exporter and supplier is Great Dane Trucks of Savannah, GA. Export Insurance Agency of Walpole, GA brokered the transaction.

GUATEMALA: the Ex-Im Bank Credit Committee approved a five-year medium-term comprehensive insurance policy for Plus International Bank of Miami, FL to support the installation of $1.6 million exports for fuel receiving lines, terminal transferring piping, tank fire system and other fuel storage equipment sold to Alka Wenker, Guatemala City, Guatemala. The fuel line equipment will help complete a 10 million gallon fuel storage terminal plant.

This transaction involved U.S. suppliers from three cities: Kiddie Fire Fighting, Inc. of Kansas City, KS; General Engineering Corporation of Tampa, FL; and, Bay Port Valve & Fitting, Inc. of Mulberry, FL. Risk Protection International, LLC of Stratford, CT, brokered the transaction.