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Summary of the Meeting of the Credit Committee

Tuesday, June 12, 2001
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

[To be provided]

Date Posted: Monday, April 21, 2003

SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE
JUNE 12, 2001

Item No. 1
Country: Nicaragua Policy No.: MSM-225250
Request for: Policy (New)
Policy Type: Single Sale/ Multiple Shipments
Coverage Type/Term: Comprehensive/MT
Insured: Northern Trust Bank, Chicago, IL 60675-0001
Buyer/Obligor: Alcaldia (Mayor's Office) of the City of Managua, Managua, Nicaragua
Guarantor: Banco de la Exportacion (Banexpo), Managua, Nicaragua
End-User: Sanitation Division of the City of Managua, Managua, Nicaragua
Exporter: Nextran Corp, Jacksonville, FL 32209-7540
Supplier: Mack Trucks, Inc., Allentown, PA 18103-5622
Broker: EIA Global, Walpole, MA
Product: Mack refuse trucks
Ex-Im Bank Liability (Millions): USD1 - USD5
Credit Committee Decision: APPROVED

Item No. 2
Country: Turkey Policy No.: MTA-224022
Request for: Commitment (New)
Policy Type: Single Sale/Single Shipment
Coverage Type/Term: Comprehensive/MT
Insured: The Bank of New York, New York, NY 10286
Buyer/Obligor: Hamamcioglu Makina Sanayi Ve Ticaret A.S., Istanbul, Turkey
Guarantors: Kocbank A.S., Istanbul, Turkey
End-User: Hamamcioglu Makina Sanayi Ve Ticaret A.S., Istanbul, Turkey
Exporter: Ingersoll-Rand Company, Inc., Woodcliff Lake, NJ 07677-7700
Supplier: Ingersoll-Rand Company, Inc., Woodcliff Lake, NJ 07677-7700
Broker: Export Insurance Agency, Walpole MA
Product: Bobcat skid steer loaders used in construction and road making.
Ex-Im Bank Liability (Millions): USD0 - USD1
Credit Committee Decision: APPROVED

Item No. 3
Country: Turkey Policy No.: MSM-224659
Request for: Policy (New)
Policy Type: Single Sale/Multiple Shipments
Coverage Type/Term: Comprehensive/MT
Insured: First Union National Bank, Philadelphia, PA 19101
Buyer/Obligor: Erciyes Tekstil ve Konfeksiyon Sanayi ve Ticaret, Istanbul, Turkey
Guarantors: Turkiye Is Bankasi, Istanbul, Turkey
End-User: Erciyes Tekstil ve Konfeksiyon Sanayi ve Ticaret, Istanbul, Turkey
Exporter: Ellis Corporation, Itasca, IL 60143-1384
Supplier: Ellis Corporation, Itasca, IL 60143-1384
Broker: Export Insurance Agency, Walpole MA
Product: Textile equipment
Ex-Im Bank Liability (Millions): USD1 - USD5
Credit Committee Decision: APPROVED

Item No. 4
Country: Turkey Policy No.: MSM-224642
Request for: Policy (New)
Policy Type: Single Sale/Multiple Shipments
Coverage Type/Term: Comprehensive/MT
Insured: First Union National Bank, Philadelphia, PA 19101
Buyer/Obligor: Erciyes Tekstil ve Konfeksiyon Sanayi ve Ticaret, Istanbul, Turkey
Guarantors: Turkiye Is Bankasi, Istanbul, Turkey
End-User: Erciyes Tekstil ve Konfeksiyon Sanayi ve Ticaret, Istanbul, Turkey
Exporter: Pellerin Milnor Corporation, Kenner, LA 70062-7774
Supplier: Pellerin Milnor Corporation, Kenner, LA 70062-7774
Broker: Export Insurance Agency, Walpole MA
Product: Textile equipment
Ex-Im Bank Liability (Millions): USD0 - USD1
Credit Committee Decision: APPROVED

Item No. 5
Country:Mexico Policy No.: MSM-223339
Request for: Policy (New)
Policy Type: Single Sale/Multiple Shipments
Coverage Type/Term: Comprehensive M/T
Insured: PNC Bank, Pittsburgh, PA
Buyer: Rent-A-Trailer, S.A. de C.V., Tepotzoltan, Mexico
Guarantors: Utility Trailers de Mexico, S.A. de C.V., Tepotzoltan, Mexico
Gabriel Garcia Diaz, Tepotzoltan, Mexico
End-user: Rent-A-Trailer, S.A. de C.V., Tepotzoltan, Mexico
Exporter: Utility Trailer Manufacturing Company, Inc., City of Industry, CA
91748-1022
Supplier: Utility Trailer Manufacturing Company, Inc., City of Industry, CA
91748-1022
Broker: Export Insurance Agency
Product: Dry cargo, refrigerated or flatbed trailers for leasing to customers
Credit Committee Decision: DENIED

ITEM NO 6
Country UGANDA AP077399XX
Request for FINAL COMMITMENT
Applicant RIGGS NATIONAL BANK WASH D C, WASHINGTON DC
Borrower MUSSECO INDUSTRIES (U) LTD., KAMPALA UGANDA
Guarantor SSEBUNYA, ROBERT, KAMPALA UGANDA
Guarantor SSERUMAGA, GEOFFREY, KAMPALA UGANDA
Buyer MUSSECO INDUSTRIES (U) LTD., KAMPALA UGANDA
End-user MUSSECO INDUSTRIES (U) LTD., KAMPALA UGANDA
Exporter ATLAS MERCANTILE, INC., SILVER SPRING MD
Supplier EMPIRE BAKERY EQUIPMENT, HEMPSTEAD NY
Gteed Lender RIGGS NATIONAL BANK WASH D C, WASHINGTON DC
Project Description BAKED FOOD PRODUCTS
Product Description ELECTRIC OVENS, BREAD MOULDER, ETC.
Financed Amount USD 393,475
Repayment Term 5 YEARS
Credit Committee Decision APPROVED

ITEM NO 7
Country TURKEY AP077402XX
Request for FINAL COMMITMENT
Applicant FIRST INTERNATIONAL BANK, HARTFORD CT
Borrower BERKE TEKSTIL SANAYI VE TICARET LTD., GURSU-BURSA TURKEY
Guarantor DURSAN, MEHMET, BURSA TURKEY
Guarantor KIRSAC, HALIM, BURSA TURKEY
Buyer BERKE TEKSTIL SANAYI VE TICARET LTD., GURSU-BURSA TURKEY
End-user BERKE TEKSTIL SANAYI VE TICARET LTD., GURSU-BURSA TURKEY
Exporter GASTON COUNTY DYEING MACHINE CO., MOUNT HOLLY NC
Supplier GASTON COUNTY DYEING MACHINE CO., MOUNT HOLLY NC
Gteed Lender FIRST INTERNATIONAL BANK, HARTFORD CT
Project Description TEXTILE FABRICATING & DYEING
Product Description DYEING MACHINERY
Financed Amount USD 226,371
Repayment Term 4 YEARS
Credit Committee Decision APPROVED

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
JUNE 14, 2001

ITEM NO 1 Minutes of May 10, 2001 Board Meeting to be approved.
Board Decision: APPROVED

ITEM NO 2 Minutes of May 17, 2001 Board Meeting to be approved.
Board Decision: APPROVED

ITEM NO 3 Minutes of May 24, 2001 Board Meeting to be approved.
Board Decision: APPROVED

ITEM NO 4
Country CHILE AP077173XX
Request for FINAL COMMITMENT
Applicant ING (U.S.) CAPITAL LLC, NEW YORK NY
Borrower SPV/LADECO S.A., SANTIAGO CENTRO - SANTIAGO CHILE
Guarantor LAN CHILE S.A., COMUNA DE RENCA, SANTIAGO CHILE
Buyer SPV/LADECO S.A., SANTIAGO CENTRO - SANTIAGO CHILE
End-user LADECO S.A., RENCA, SANTIAGO CHILE
End-user AEROTRANSPSORTES MAS DE CARGA, SA DE CV, MEXICO D.F. 15520 MEXICO
End-user ADDITIONAL END-USERS
Exporter BOEING COMPANY, THE, SEATTLE WA
Supplier BOEING COMPANY, THE, SEATTLE WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Gteed Lender ING (U.S.) CAPITAL LLC, NEW YORK NY
Lessor SPV/LADECO S.A., SANTIAGO CENTRO - SANTIAGO CHILE
Lessee LADECO S.A., RENCA, SANTIAGO CHILE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision REFER TO U.S. CONGRESS

ITEM NO 5 Policy Number: ELC 110643
Country: China
Request For: Issuing Bank Credit Limit Approval
Policy Type: Bank Letter of Credit Policy
Coverage Type/Term: Comprehensive/ST
Insured: ABN-AMRO Bank, Chicago, Illinois
Obligor: Bank of Communications, Baotou Branch, China
Guarantor: None
End-User: Rare Earth Ovonic Metal Hydride Co., Ltd., Baotou, Inner Mongolia, China
Exporters: Ovonic Battery Company, Troy, Michigan, 48084-5524
Suppliers: Ovonic Battery Company, Troy, Michigan, 48084-5524
Broker: Aon Trade Credit, Chicago, Illinois
Product/Use:Equipment for hydride battery manufacturing
Ex-Im Liability (Millions): USD20+
Board Decision APPROVED

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MEETING OF CREDIT COMMITTEE