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Summary of the Meeting of the Credit Committee

Friday, February 13, 2004
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

[To be provided]

Date Posted: Thursday, February 26, 2004

EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE

FEBRUARY 13, 2004

ITEM NO 1

Country GHANA AP080012XX

Request for FINAL COMMITMENT

Applicant IMPERIAL PROCESSING CO. LTD., ACCRA GHANA

Borrower IMPERIAL PROCESSING CO. LTD., ACCRA GHANA

Guarantor FEDERATED COMMODITIES LIMITED, ACHIMOTA, ACCRA
GHANA

Guarantor TRANSROYAL (GH) LIMITED, ACCRA GHANA

Guarantor ADDITIONAL GUARANTORS

Buyer IMPERIAL PROCESSING CO. LTD., ACCRA GHANA

End-user IMPERIAL PROCESSING CO. LTD., ACCRA GHANA

Exporter BAUERMEISTER INC, MEMPHIS TN

Supplier US BANK, MINNEAPOLIS MN

Supplier BAUERMEISTER INC, MEMPHIS TN

Gteed Lender U S BANK, MINNEAPOLIS MN

Project Name IMPERIAL COCOA BEAN PROCESSING PLANT

Project Description NONE

Product Description COCOA BEAN PROCESSING EQUIP & SERVICES

Financed Amount $ 11,032,125

Repayment Term 5 YEARS

Credit Committee Decision APPROVED

ITEM NO 2

Country RUSSIA AP080343XX

Request for FINAL COMMITMENT

Applicant DEERE CREDIT INC., MOLINE IL

Borrower BANK AVANGARD, MOSCOW 113035 RUSSIA

Guarantor ALCOR HOLDING GROUP AG, BIEL, CH. 2501 SWITZERLAND

Buyer ALCOR HOLDING GROUP AG, BIEL, CH. 2501 SWITZERLAND

End-user JSC WHITE FRIGATE, MOSCOW RUSSIA

Exporter JOHN DEERE CO., MOLINE IL

Supplier DEERE & COMPANY, MOLINE IL

Gteed Lender DEERE CREDIT INC., JOHNSTON IA

Lessor ALCOR HOLDING GROUP AG, BIEL, CH. 2501 SWITZERLAND

Lessee JSC WHITE FRIGATE, MOSCOW RUSSIA

Project Name

Project Description GRAIN PRODUCTION & HARVESTING

Product Description TRACTORS, SEEDERS & CULTIVATORS

Financed Amount $ 1,286,463

Repayment Term 5 YEARS

Credit Committee Decision APPROVED

Item No. 3

Country: Philippines - Policy No.: MTA-262543

Request For: Commitment

Policy Type: Single-Sale, Single Shipment

Coverage Type/Term: Comprehensive/MT

Insured: Bank of the West, Monterey Park, CA

Buyer/Obligor: San Rafael Packaging Corporation, Bulcan, Philippines

Guarantors:Norberto Yerro and Rebecca Yerro, Bulcan, Philippines

End-User: San Rafael Packaging Corporation, Bulcan, Philippines

Exporter: Dankim Trading, Yonkers, NY 10703-3426

Suppliers: Global Equipment, Ltd., Mundelain, IL 60060-3820

Corrugated Machinery Division, Cape Coral, FL 33991-2817

Broker:Meridian Finance Group

Product/Use: Packaging manufacturing machinery for domestic use

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

Credit Committee Decision: APPROVED