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Summary of the Meeting of the Credit Committee

Friday, March 8, 2002
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

[To be provided]

Date Posted: Monday, April 21, 2003

SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE
MARCH 8, 2002

Item No. 1
Country: Brazil Policy No.: MSM-226506
Request for: Policy (New)
Policy Type: Single Sale/Multiple Shipments
Coverage Type/Term: Comprehensive/MT
Insured: Wells Fargo HSBC Trade Bank, N.A., Houston, TX 77002-5005
Buyer/Obligor: M.S. Drilling, S.A., Panama City, Republic of Panama
Guarantor: Schahin Engenharia, Ltda., Sao Paulo, Brazil
End-User: Turasoria, S.A., Panama City, Republic of Panama
Exporter: National Oilwell, Inc., Houston, TX 77042-4200
Suppliers: National Oilwell, Inc., Houston, TX 77042-4200
Gardner Denver, Inc., Quincy, IL 62305-9364
Broker: Structured Trade Services, LLC., Houston, TX
Product: Marine oil-field equipment and engineering services
Ex-Im Bank Liability (Millions): USD5 - USD20
Credit Committee Decision: APPROVED

ITEM NO 2
Country ISRAEL AP077989XX
Request for FINAL COMMITMENT
Applicant BANK OF MONTREAL, CHICAGO IL
Borrower BLOCKAL RAVID AGRICULTURAL COOP SOCIETY, TIBERIAS 14960 ISRAEL
Guarantor NONE
Buyer BLOCKAL RAVID AGRICULTURAL COOP SOCIETY, TIBERIAS 14960 ISRAEL
End-user BLOCKAL RAVID AGRICULTURAL COOP SOCIETY, TIBERIAS 14960 ISRAEL
Exporter BESSER COMPANY, ALPENA MI
Supplier BESSER COMPANY, ALPENA MI
Gteed Lender BANK OF MONTREAL, CHICAGO IL
Project Description CONSTRUCTION
Product Description BATCH MIXER, MOTOR STARTER, AUTOPAC
Financed Amount USD 1,287,750
Repayment Term 5 YEARS
Credit Committee Decision APPROVED

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MEETING OF CREDIT COMMITTEE