Summary of the Meeting of the Credit Committee
Tuesday, July 13, 2004CERTIFICATION FOR CLOSURE OF MEETING
[To be provided]
EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE
JULY 13, 2004
ITEM NO 1
Country NIGERIA AP080600XX
Request for FINAL COMMITMENT
Applicant PNC BANK NATIONAL ASSOCIATION, PITTSBURGH PA
Borrower SOWSCO WELL SERVICES (NIGERIA) LTD., PORT HARCOURT
NIGERIA
Guarantor SAM A ADEGBOYEGA, PORT HARCOURT NIGERIA
Guarantor SOWSCO WELL SERVICES GIBRALTAR, GIBRALTAR, UNITED
KINGDOM
Buyer SOWSCO WELL SERVICES (NIGERIA) LTD., PORT HARCOURT
NIGERIA
End-user SOWSCO WELL SERVICES (NIGERIA) LTD., PORT HARCOURT
NIGERIA
Exporter STEWART & STEVENSON SVCS INC, HOUSTON TX
Supplier STEWART & STEVENSON SVCS INC, HOUSTON TX
Gteed Lender PNC BANK NATIONAL ASSOCIATION, PITTSBURGH PA
Project Description SUPPORT ACTIVITIES FOR OIL AND GAS OPER.
Product Description AUTOMATED CEMENT MIX SYSTEM & CEMENT UNIT
Financed Amount $ 867,934
Repayment Term 5 YEARS
Credit Committee Decision APPROVED