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Summary of the Meeting of the Board of Directors

Monday, August 29, 2011
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

I, Lisa V. Terry, Assistant General Counsel for Administration (Acting), hereby certify that in my opinion the Special Meeting of the Board of Directors scheduled for 1:15 PM on Monday, August 29, 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: Tuesday, August 23, 2011

EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF THE SPECIAL MEETING OF BOARD OF DIRECTORS

AUGUST 29, 2011

ITEM NO 1 Minutes of July 28, 2011 Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
and Director Mulvaney all approved the minutes.

ITEM NO 2 Minutes of August 4, 2011 Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
and Director Mulvaney all approved the minutes.

ITEM NO 3 Minutes of August 10, 2011 Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
and Director Mulvaney all approved the minutes.

ITEM NO 4
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
Repayment Term 12 YEARS

Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, and Director Mulvaney all voted in favor of the Transaction.

ITEM NO 5
Country CHINA AP086016XX
Request for FINAL COMMITMENT

Applicant ICBC FINANCIAL LEASING CO. LTD, BEIJING CHINA (MAINLAND)
Borrower SPC/ICBC FINANCIAL LEASING LIMITED, BEIJING CHINA (MAINLAND)
Buyer SPC/ICBC FINANCIAL LEASING LIMITED, BEIJING CHINA (MAINLAND)
End-user HAWKER BEECHCRAFT FOREIGN SALES CORP(S), TBD VARIOUS CNTRIES
Exporter HAWKER BEECHCRAFT CORPORATION, WITCHITA KS
Supplier HAWKER BEECHCRAFT CORPORATION, WITCHITA KS
Gteed Lender NONE
Lessor SPC/ICBC FINANCIAL LEASING LIMITED, BEIJING CHINA(MAINLAND)
Lessee ICBC FINANCIAL LEASING CO. LTD, BEIJING CHINA(MAINLAND)

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 2 YEARS

Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, and Director Mulvaney all voted in favor of the transaction.

ITEM NO 6
Country CHINA AP086212XX
Request for FINAL COMMITMENT

Applicant WELLS FARGO BANK, N.A., MINNEAPOLIS MN
Borrower EXPORT IMPORT BANK OF CHINA, XICHENG, BEIJING 100031 CHINA (MAINLAND)
Guarantor MINISTRY OF FINANCE, CHINA, BEIJING 100820 CHINA (MAINLAND)
Buyer CMC INTERNATIONAL TENDERING CORPORATION, BEIJING 100055 CHINA (MAINLAND)
End-user XINJIANG AGRICULTURE CULTIVATION GROUP, URUMQI, XINJIANG, 830000 CHINA (MAINLAND)
Exporter CNH AMERICA LLC, BURR RIDGE IL
Supplier CNH AMERICA LLC, BURR RIDGE IL
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lender WELLS FARGO BANK, N.A., MINNEAPOLIS MN
Cofin ECA ASHR'A THE ISRAEL EXPORT INSURANCE CORP, TEL AVIV-JAFFA 67138 ISRAEL

Project Name NONE
Project Description COTTON HARVESTING
Product Description PHASE 3 OF MULTI-PHASE PROCUREMENT
Financed Amount $ 62,812,994
Repayment Term 7 YEARS

Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, and Director Mulvaney all voted in favor of the transaction.

ITEM NO 7
Country NIGERIA AP086113XX
Request for FINAL COMMITMENT

Applicant HSBC BANK PLC, LONDON, ENGLAND E14 5HQ UNITED KINGDOM
Borrower MICHHARRY & COMPANY (NIG) LIMITED, EDJEBA, WARRI, DELTA STATE NIGERIA
Guarantor DIAMOND BANK PLC, LAGOS, LAGOS STATE NIGERIA
Buyer MICHHARRY & COMPANY (NIG) LIMITED, EDJEBA, WARRI, DELTA STATE NIGERIA
End-user MICHHARRY & COMPANY (NIG) LIMITED, EDJEBA, WARRI, DELTA STATE NIGERIA
Exporter OFFSHORE MARINE SERVICES INC., CUT OFF LA
Supplier OFFSHORE MARINE SERVICES INC., CUT OFF LA
Gteed Lender HSBC BANK PLC, LONDON, ENGLAND E14 5HQ UNITED KINGDOM

Project Name NONE
Project Description OIL & GAS FIELD SERVICES
Product Description LIFTBOAT
Financed Amount $ 19,976,479
Repayment Term 3 YEARS

Board Decision: APPROVED. Chairman Hochberg and Director Mulvaney voted in favor of the transaction, Vice Chair Felton recused herself.