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Summary of the Meeting of the Credit Committee

Tuesday, September 15, 1998
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

[To be provided]

Date Posted: Monday, April 21, 2003

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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MEETING OF CREDIT COMMITTEE