Summary of the Meeting of the Board of Directors
Friday, March 26, 2004CERTIFICATION FOR CLOSURE OF MEETING
[To be provided]
EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
MARCH 26, 2004
Item No. 1Minutes of February 23, 2004 Board Meeting to be approved.
Board Decision: APPROVED
Item No. 2Minutes of February 26, 2004 Board Meeting to be approved.
Board Decision: APPROVED
Item No. 3Minutes of March 11, 2004 Board Meeting to be approved.
Board Decision: APPROVED
Item No. 4
Country PEOPLE'S REPUBLIC OF CHINAPolicy No: ELC - 121145
Request for: Issuing Bank Credit Limit Coverage Type/Term: Comprehensive/ST
Policy Type: Letter of Credit
Insured: JP Morgan Chase Bank, New York, NY
Buyer/Obligor: Bank of Communications
End User: West-East Pipeline Project
Guarantor: None
Exporter: General Electric Company, Fairfield, CT
Broker: EIA Global
Products/Use: Gas Turbines and Other Power GenerationEquipment to be used in a
Natural Gas Pipeline in China
Total Principal Liability (Millions): $20+
Board Decision: APPROVED
Item No. 5
Country PEOPLE'S REPUBLIC OF CHINAPolicy No: ELC - 121145
Request for: Issuing Bank Credit LimitCoverage Type/Term: Comprehensive/ST
Policy Type: Letter of Credit
Insured: JP Morgan Chase Bank, New York, NY
Buyer/Obligor: Bank of China
End User: West-East Pipeline Project
Guarantor: None
Exporter: General Electric Company, Fairfield, CT
Broker: EIA Global
Products/Use: Gas Turbines and Other Power Generation Equipment to be used in a
Natural Gas Pipeline in China
Total Principal Liability (Millions): $20+
Board Decision: APPROVED
ITEM NO 6
Country ROMANIA AP077758XX
Request for FINAL COMMITMENT
Applicant COMMERZBANK AG, NEW YORK NY
Borrower MINISTRY OF ENVIRONMENT, SECTOR 5 BUCHAREST ROMANIA
Guarantor MINST OF FINANCE, SECTOR 1, BUCHAREST ROMANIA
Buyer APELE ROMANE, BUCHAREST 70106 ROMANIA
End-user APELE ROMANE, BUCHAREST 70106 ROMANIA
Exporter LOCKHEED MARTIN CORPORATION, SYRACUSE NY
Supplier DELL COMPUTER CORPORATION, ROUND ROCK TX
Supplier HACH COMPANY, LOVELAND CO
Supplier ADDITIONAL SUPPLIERS
Gteed Lender COMMERZBANK AG, NEW YORK NY
Project Name DESWAT
Project Description DESWAT HYDROLOGICAL PROJECT
Product Description COMPUTER SYSTEMS DESIGN SERVICES
Financed Amount $ 38,742,280
Repayment Term 6 YEARS
Board Decision APPROVED
ITEM NO 7
Country ARGENTINA AP079686XX
Request for FINAL COMMITMENT
Applicant BARRICK GOLD CORPORATION, TORONTO, ONTARIO M5J 2S1 CANADA
Borrower MINERA ARGENTINA GOLD S.A.,
Guarantor NONE
Buyer MINERA ARGENTINA GOLD S.A.,
End-user MINERA ARGENTINA GOLD S.A.,
Exporter INGERSOLL-RAND COMPANY, ANNANDALE NJ
Exporter METSO MINERALS (MILWAUKEE), MILWAUKEE WI
Exporter ADDITIONAL EXPORTERS
Supplier INGERSOLL-RAND COMPANY, ANNANDALE NJ
Supplier METSO MINERALS (MILWAUKEE), MILWAUKEE WI
Supplier ADDITIONAL SUPPLIERS
Project Name VELADERO
Project Description VELADERO GOLD MINE PROJECT
Product Description CONSTRUCTION MACHINERY MANUFACTURING
Financed Amount $ 76,500,000
Repayment Term 6.5 YEARS
Board Decision APPROVED