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Summary of the Meeting of the Credit Committee

Friday, March 19, 2004
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

[To be provided]

Date Posted: Friday, March 26, 2004

EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE

MARCH 19, 2004

ITEM NO 1A

Country BRAZIL AP080195XX

Request for FINAL COMMITMENT

Applicant MANUFACTURERS AND TRADERS TRUST CO., BALTIMORE MD

Borrower AMERICA LATINA LOGISTICA INTERMODAL S.A., CURITBA,
PARANA 80230-010 BRAZIL

Guarantor AMERICA LATINA LOGISTICA S.A., SAO PAULO, SP BRAZIL

Guarantor AMERICA LATINA LOGISTICA DO BRASIL S.A., CURITIBA,
PR 22920-030 BRAZIL

Buyer AMERICA LATINA LOGISTICA INTERMODAL S.A., CURITBA,
PARANA 80230-010 BRAZIL

End-user AMERICA LATINA LOGISTICA DO BRASIL S.A., CURITIBA,
PR 22920-030 BRAZIL

Exporter NATIONAL RAILWAY EQUIPMENT CO, HARVEY IL

Exporter PERFORMANCE RAILWAY SERVICES INC., BLACKSHEAR GA

Supplier NATIONAL RAILWAY EQUIPMENT CO, HARVEY IL

Supplier PERFORMANCE RAILWAY SERVICES INC., BLACKSHEAR GA

Gteed Lender MANUFACTURERS AND TRADERS TRUST CO., BALTIMORE MD

Project Description NONE

Product Description USED GE LOCOMOTIVES

Financed Amount $3,308,695

Repayment Term 5 YEARS

Credit Committee Decision APPROVED

ITEM NO 1B

Country BRAZILPC080427XX

Request for PRELIMINARY COMMITMENT

Applicant MANUFACTURERS AND TRADERS TRUST CO., BALTIMORE MD

Borrower AMERICA LATINA LOGISTICA INTERMODAL S.A., CURITBA,
PARANA 80230-010 BRAZIL

Guarantor AMERICA LATINA LOGISTICA S.A., SAO PAULO, SP BRAZIL

Guarantor AMERICA LATINA LOGISTICA DO BRASIL S.A., CURITIBA,
PR 22920-030 BRAZIL

Buyer AMERICA LATINA LOGISTICA INTERMODAL S.A., CURITBA,
PARANA 80230-010 BRAZIL

End-user AMERICA LATINA LOGISTICA DO BRASIL S.A., CURITIBA,
PR 22920-030 BRAZIL

Exporter PERFORMANCE RAILWAY SERVICES INC., BLACKSHEAR GA

Exporter NATIONAL RAILWAY EQUIPMENT CO, HARVEY IL

Supplier PERFORMANCE RAILWAY SERVICES INC., BLACKSHEAR GA

Supplier NATIONAL RAILWAY EQUIPMENT CO, HARVEY IL

Gteed Lender MANUFACTURERS AND TRADERS TRUST CO., BALTIMORE MD

Project Description NONE

Product Description USED GE LOCOMOTIVES

Ex-Im Bank Liability (Millions): $0 - $1

PC Expiry Date: 10/14/04

Credit Committee Decision APPROVED

ITEM NO 2

Country MALI AP080265XX

Request for FINAL COMMITMENT

Applicant PNC BANK NATIONAL ASSOCIATION, PITTSBURGH PA

Borrower SOCIETE N'DIAYE ET FRERE SARL, BAMAKO MALI

Guarantor N'DIAYE, SEYDOU, KOUTIALA MALI

Guarantor N'DIAYE, AMADOU, KOUTIALA MALI

Guarantor ADDITIONAL GUARANTORS

Buyer SOCIETE N'DIAYE ET FRERE SARL, BAMAKO MALI

End-user SOCIETE N'DIAYE ET FRERE SARL, BAMAKO MALI

Exporter MAYBANK LOGISTICS MANAGEMENT LLC, CHARLESTON SC

Supplier APPLIED ENGINEERED SYSTEMS, LLC, JOHNS ISLAND SC

Supplier TRINITY INDUSTRIES INC., DALLAS TX

Gteed Lender PNC BANK NATIONAL ASSOCIATION, PITTSBURGH PA

Project Description INDUSTRIAL GAS MANUFACTURING

Product Description LPG SYSTEM EQUIPMENT & SERVICES

Financed Amount $ 4,029,251

Repayment Term 5 YEARS

Credit Committee Decision APPROVED

ITEM NO 3

Country COSTA RICA AP080219XX

Request for FINAL COMMITMENT

Applicant HENCORP BECSTONE LC, MIAMI FL

Borrower MONGE HERRERA INTERNACIONAL SA, ALAJUELA COSTA RICA

Guarantor NONE

Buyer MONGE HERRERA INTERNACIONAL SA, ALAJUELA COSTA RICA

End-user VARIOUS COSTA RICAN BUYERS, UNKNOWN COSTA RICA

Exporter WHIRLPOOL CORPORATION, MIAMI FL

Exporter ELECTROLUX INTERNATIONAL COMPANY, MIAMI FL

Supplier WHIRLPOOL CORPORATION, MIAMI FL

Supplier ELECTROLUX INTERNATIONAL COMPANY, MIAMI FL

Gteed Lender HENCORP BECSTONE LC, MIAMI FL

Project Name

Project Description HOME APPLIANCES FOR LOCAL MARKET

Product Description HOUSEHOLD REFRIGERATORS & FREEZERS

Credit Committee Decision DENIED

ITEM NO 4

Country MEXICO AP080484XX

Request for FINAL COMMITMENT

Applicant WORLDBUSINESS CAPITAL, INC., HARTFORD CT

Borrower HI FILMS, S.A. DE C.V., COL. GRANJAS MODERNAS,
C.P. 07460 MEXICO

Guarantor PEREDO LUNA, MIGUEL ANGEL, QUERETARO, C.P. 76150 MEXICO

Guarantor PEREDO LUNA, ADRIAN, RESIDENCIAL LA ESCALERA MEXICO

Guarantor PEREDO LUNA, GABRIELA, RESIDENCIAL LA ESCALERA MEXICO

Buyer HI FILMS, S.A. DE C.V., COL. GRANJAS MODERNAS,
C.P. 07460 MEXICO

End-user HI FILMS, S.A. DE C.V., COL. GRANJAS MODERNAS,
C.P. 07460 MEXICO

Exporter BATTENFELD GLOUCESTER ENGRG CO, GLOUCESTER MA

Supplier BATTENFELD GLOUCESTER ENGRG CO, GLOUCESTER MA

Gteed Lender WORLDBUSINESS CAPITAL, INC., HARTFORD CT

Project Name PLASTIC EXTRUSION EQUIPMENT

Project Description MANUFACTURER OF HEAVY
MACHINERY/PLASTICS

Product Description FILM EXTRUDERS & RELATED ACCESSORIES

Financed Amount $ 2,368,671

Repayment Term 5 YEARS

Credit Committee Decision APPROVED

Item No. 5

Country: Mexico - Policy No.: MSM-261206

Request For: Policy (New)

Policy Type: Single Sale/Multiple Shipments

Coverage Type/Term: Comprehensive/MT

Insured: Manufacturers & Traders Company (M&T Bank),

Baltimore,MD 21201-3330

Buyer/Obligor: Generadores de Mexico, S.A. de C.V., Mexico
End-User: Generadores de Mexico, S.A. de C.V., Mexico

Guarantors: Hector Elizondo Chapa

Commeercial Electrica Monterrey, S.A.

and additional guarantors

Exporter: Hess Microgen, Carson City, NV 89706-7780

Broker:Global Insurance Services

Product: Co-Generation systems

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

Credit Committee Decision: APPROVED

Item No. 6

Country: Mexico - Policy No.: MSM-261453

Request For: Policy (New)

Policy Type: Single Sale/Multiple Shipments

Coverage Type/Term: Comprehensive/MT

Insured: Toronto Dominion Bank

Buyer/Obligor: Disenos y Mercadotecnia S.A. de C.V.
End-User: Disenos y Mercadotecnia S.A. de C.V.
Guarantors:Cesar Augusto Rendon Lorano

Graciela Garcia Guajardo

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

Suppliers: Davis-Standard Corporation, Pawcatuck, CT 06379-2313

BMCI, Inc. (Bergandi), South El Monte, CA 91733-3094

and additional suppliers

Broker:Penn International Insurance

Product: Polystyrene molding and related equipment for polystyrene packing

and construction material

Ex-Im Bank Liability (Millions): $5 - $20

Credit Committee Decision: APPROVED

Item No. 7

Country: Peru - Policy No.: MSM-263962

Request For: Policy (New)

Policy Type: Single Sale/Multiple Shipments

Coverage Type/Term: Comprehensive/MT

Insured: PNC Bank

Buyer/Obligor: Conservera Garrido S.A., Lima, Peru
End-User: Agro Industrial Paramonga S.A., Lima, Peru
Guarantors: Mr. Jaime Wong Kong

Cowi S.A., Lima, Peru

Agro Industrial Paramonga S.A., Lima, Peru

Exporters/Suppliers: Sugar Industry Equipment, Inc., Baton Rouge, LA 70816-2248

A.R. Wifley & Sons, Denver, CO 80111-2130

Broker:Export Insurance Agency

Product: Used sugar mill and new pump for sugar production

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

Credit Committee Decision: APPROVED

Item No. 8

Country: Switzerland/Russia - Policy No.: MSM-260836

Request For: Policy (New)

Policy Type: Single Sale/Multiple Shipments

Coverage Type/Term: Comprehensive/MT

Insured: MDY LLC, Beechwood, OH 44122

Buyer/Obligor: IMC Metal AG, Biel, Switzerland
Corporate

Guarantor: VMS Plant Podolsk, Podolsk, Russia
Personal

Guarantor: Mr. Sergei Reshotkin (majority shareholder), Podolsk, Russia

Exporter: MDY LLC, Beechwood, OH 44122

Supplier: MDY LLC Beechwood, OH 44122

Broker: IRC, Columbus, OH 43215

Product/Use: Secondary Production & Sales of Aluminum & Copper

Credit Committee Decision: Denied

Item No. 9

Country: United Arab Emirates / Kuwait - Policy No.: ESS-A-263830

Request For: Commitment (New)

Policy Type: Single Buyer

Coverage Type/Term: Comprehensive/ST

Insured: Perdue Farms, Inc., Salisbury, MD 21804-1806

Buyer/Obligor: Texas Best and Middle East Foods, Dubai, United Arab Emirates

End-User:Public Warehousing Company, Kuwait

Guarantor:None

Exporter: Perdue Farms, Inc., Salisbury, MD 21804-1806

Product: Poultry products

Credit Committee Decision: Denied