Facebook pixel

Summary of the Meeting of the Board of Directors

Thursday, July 21, 2011
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

I, Lisa V. Terry, Assistant General Counsel for Administration (Acting), hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday, July 21, 2011, in the Board Room will disclose information of the kind set forth in Subsection(4) of Section 552b(c), Title 5 of the United States Code.

Accordingly, such meeting may be closed to the public.

Date Posted: Thursday, July 14, 2011

EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

JULY 21, 2011

ITEM NO 1 Minutes of July 7, 2011 Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
and Director Mulvaney all approved the minutes.

ITEM NO 2
Country KOREA, SOUTH AP086178XX
Request for FINAL COMMITMENT

Applicant KOREAN AIR LINE CO., LTD, SEOUL KOREA, REP OF
Borrower SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Buyer SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
End-user KOREAN AIR LINE CO., LTD, SEOUL KOREA, REP OF
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier BOEING COMPANY, THE, EVERETT WA
Gteed Lender JP MORGAN CHASE BANK, NEW YORK NY
Lessor SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Lessee KOREAN AIR LINE CO., LTD, SEOUL KOREA, REP OF
Cofin ECA EXPORT-IMPORT BANK OF KOREA, SEOUL 150973 KOREA, REP OF

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg, Vice Chair Felton,
and Director Mulvaney all voted in favor of the referral.

ITEM NO 3
Policy No.: FB-504031
Country: Mexico Coverage Type/Term: Comprehensive/ST
Request For: Policy Renewal (FB-481260) and Increase
Policy Type: Financial Institution Buyer Credit

Insured: Hencorp Becstone LC, Miami, FL
Buyer/End User: Gunderson-Gimsa, S. de R.L. de C.V., Cd. Frontera, Coahuila, Mexico
Guarantor/Obligors: The Greenbrier Companies, Lake Oswego, OR
Gunderson, LLC, Portland, OR
Additional Guarantor/Obligors
Exporters/Supplier: Nucor Steel Seattle, Inc., Charlotte, NC
Miner Enterprises, Inc., Geneva, IL
Product/Use: Steel, steel products, wheels, coupling, braking systems
and related materials, parts and accessories
EX-IM Bank Liability (Millions): $5 - $20
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton and
Director Mulvaney all voted in favor of the transaction

ITEM NO 4
Country Review - Request for changes to the Country Limitation Schedule
(CLS) to be effective July 28, 2011.
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton and
Director Mulvaney all voted in favor of the changes.

ITEM NO 5
Country Review - Request for a formal administrative hold.
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton and
Director Mulvaney all voted in favor of the administrative hold.