EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE

JANUARY 20, 2004

Item No. 1

Country: Mexico Policy No.: MTA-259887

Request For: Commitment (New)

Policy Type: Single Sale/Single Shipment

Coverage Type/Term: Comprehensive/MT

Insured: Toronto-Dominion Bank, Houston, TX

Buyer/Obligor:Maquinaria y Construcciones de Monterrey SA de CV,

San Pedro Garza Garcia, Nuevo Leon, Mexico

End-User:Same

Guarantor:Damian Gonzalez del Rio, San Pedro Garza Garcia, N.L., Mexico

Guarantor:Raquenel del Rio Quiroga, San Pedro Garza Garcia, N.L., Mexico

Exporter:San Antonio Trade Group, San Antonio, TX 78212-3421

Supplier:Nueces Farm Center Inc., Corpus Christi, TX 78409-2806

Supplier: Holt Companies, Inc., San Antonio, TX 78220-7916/

Broker: Penn International Insurance, San Antonio, TX

Product/Use:Construction equipment for domestic projects

Ex-Im Bank Liability (Millions): $1 - $5

Credit Committee Decision: APPROVED

Item No. 2

Country: Honduras Policy No.: MTA-258343

Request For: Commitment (New)

Policy Type: Single Sale/Single Shipment

Coverage Type/Term: Comprehensive/MT

Insured: Plus International Bank

Buyer/Obligor:Atlantic Airlines, S.A., La Ceiba, Honduras

End-User: Same

Guarantor(s): Atlantic Airlines, S.A., Nicaragua; Margarita Vasquez;

Miguel Arevalo; and Luis Arevalo

Exporter:Transcontinental Asset Management, LLC,

Miami Springs, FL 33166-5841

Supplier: Transcontinental Asset Management, LLC,

Miami Springs, FL 33166-5841

Broker: International Risk Consultants

Product/Use:Used Aircraft

Credit Committee Decision: APPROVED

Item No. 3

Country: Honduras Policy No.: MTA-258335

Request For: Commitment (New)

Policy Type: Single Sale/Single Shipment

Coverage Type/Term: Comprehensive/MT

Insured: Plus International Bank

Buyer/Obligor:Atlantic Airlines, S.A., La Ceiba, Honduras

End-User:Same

Guarantor(s):Atlantic Airlines, S.A., Nicaragua; Margarita Vasquez;

Miguel Arevalo; and Luis Arevalo

Exporter:Transcontinental Asset Management, LLC,

Miami Springs, FL 33166-5841

Supplier:Transcontinental Asset Management, LLC,

Miami Springs, FL 33166-5841

Broker:International Risk Consultants

Product/Use: Used turbine engine

Credit Committee Decision: APPROVED

Item No. 4

Country: Cameroon Policy No.: MSM-259630

Request For: Policy

Policy Type: Single Sale/Multiple Shipments

Coverage Type/Term: Comprehensive/MT

Insured: Nationwide Equipment Company Inc., Jacksonville, FL 32219-1714

Buyer/Obligor:Societe Mag Sarl, Yaounde, Cameroon

End-User: Same

Guarantor: Shey Jones Yembe

Exporter: Nationwide Equipment Company Inc., Jacksonville, FL 32219-1714

Supplier: Nationwide Equipment Company Inc., Jacksonville, FL 32219-1714

Broker: Meyrat Financial Services, Inc., Dallas, TX

Product/Use: Used construction equipment

Credit Committee Decision: DENIED

ITEM NO 5

Country NIGERIA AP079758XX

Request for FINAL COMMITMENT

Applicant UPS CAPITAL BUSINESS CREDIT, HARTFORD CT

Borrower AMAKPE INTERNATIONAL REFINERIES NIGERIA,

EKET, AKWA IBOM STATE NIGERIA

Guarantor AMANAM, USUA, FREMONT CA

Guarantor IKPE, NSIDIBE, MIAMI FL

Guarantor ADDITIONAL GUARANTORS

Buyer AMAKPE INTERNATIONAL REFINERIES NIGERIA,

EKET, AKWA IBOM STATE NIGERIA

End-user AMAKPE INTERNATIONAL REFINERIES NIGERIA,

EKET, AKWA IBOM STATE NIGERIA

Exporter VENTECH ENGINEERS INC, PASADENA TX

Supplier VENTECH ENGINEERS INC, PASADENA TX

Gteed Lender UPS CAPITAL BUSINESS CREDIT, HARTFORD CT

Project Name AMAKPE-EKET

Project Description AMAKPE-EKET CRUDE OIL REFINERY

Product Description PETROLEUM REFINING EQUIPMENT

Financed Amount $ 10,320,530

Repayment Term 5 YEARS

Credit Committee Decision APPROVED, SUBJECT TO CERTAIN SPECIAL CONDITIONS.

ITEM NO 6 WITHDRAWN