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Summary of the Meeting of the Board of Directors

Friday, September 30, 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 10:00 AM on Friday, September 30, 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: Friday, September 23, 2011


EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
SEPTEMBER 30, 2011

ITEM NO 1 Minutes of September 1, 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 September 8, 2011 Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
and Director Mulvaney all approved the minutes.

ITEM NO 3
Working Capital Guarantee No. AP086403XX
Request for FINAL COMMITMENT

Applicant CITIBANK N.A., NEW YORK, NY
Lender CITIBANK N.A., NEW YORK, NY
Obligor BOEING COMPANY, THE, CHICAGO, IL
Product AIRCRAFT
EX-IM Bank Liability (Millions) $20+

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

ITEM NO 4
Country MEXICO AP086093XX
Request for FINAL COMMITMENT

Applicant PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Borrower PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Guarantor PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 8 MEXICO
Guarantor PEMEX REFINACION S.A. DE C.V., MEXICO, DF MEXICO
Guarantor PEMEX GAS Y PETROQUIMICA BASICA, MEXICO D.F., 11311 MEXICO
Buyer PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
End-user PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
Exporter NABORS INDUSTRIES INC, HOUSTON TX
Exporter DIAMOND OFFSHORE DRILLING INC, HOUSTON TX
Supplier VARIOUS -UNITED STATES SUPPLIERS, UNKNOWN DC
Supplier DIAMOND OFFSHORE DRILLING INC, HOUSTON TX
Gteed Lndr JPMORGAN CHASE BANK, NEW YORK NY

Project Name CANTARELL
Project Description OIL & GAS FIELD DEVELOPMENT
Product Description OIL & GAS FIELD GOODS & SERVICES
Financed Amount $ 200,000,000
Repayment Term 10 YEARS

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

ITEM NO 5
Country MEXICO AP086094XX
Request for FINAL COMMITMENT

Applicant PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Borrower PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Guarantor PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 8 MEXICO
Guarantor PEMEX REFINACION S.A. DE C.V., MEXICO, DF MEXICO
Guarantor PEMEX GAS Y PETROQUIMICA BASICA, MEXICO D.F., 11311 MEXICO
Buyer PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
End-user PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
Exporter ENSCO INCORPORATED, DALLAS TX
Exporter ALLIS-CHALMERS TUBULAR SERVICES INC, EDINBURG TX
Exporter ADDITIONAL EXPORTERS
Supplier VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Supplier ALLIS-CHALMERS TUBULAR SERVICES INC, EDINBURG TX
Supplier ADDITIONAL SUPPLIERS
Gteed Lndr NONE

Project Name PEG
Project Description OIL & GAS FIELD DEVELOPMENT
Product Description OIL & GAS FIELD GOODS & SERVICES
Financed Amount $ 200,000,000
Repayment Term 10 YEARS

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

ITEM NO 6
Country MEXICO AP086095XX
Request for FINAL COMMITMENT

Applicant PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Borrower PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Guarantor PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 8 MEXICO
Guarantor PEMEX REFINACION S.A. DE C.V., MEXICO, DF MEXICO
Guarantor PEMEX GAS Y PETROQUIMICA BASICA, MEXICO D.F., 11311 MEXICO
Buyer PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
End-user PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
Exporter IPS INTERNATIONAL, SUGAR LAND TX
Supplier VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Supplier IPS INTERNATIONAL, SUGAR LAND TX
Gteed Lndr BANK OF AMERICA NA, CONCORD CA

Project Name SBF
Project Description OIL & GAS FIELD DEVELOPMENT
Product Description OIL & GAS FIELD GOODS & SERVICES
Financed Amount $ 200,000,000
Repayment Term 10 YEARS

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

ITEM NO 7
Country MEXICO AP086096XX
Request for FINAL COMMITMENT

Applicant PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Borrower PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Guarantor PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 8 MEXICO
Guarantor PEMEX REFINACION S.A. DE C.V., MEXICO, DF MEXICO
Guarantor PEMEX GAS Y PETROQUIMICA BASICA, MEXICO D.F., 11311 MEXICO
Buyer PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
End-user PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
Exporter NOBLE DRILLING CORPORATION, SUGAR LAND TX
Exporter BERRY CONTRACTING LP, CORPUS CHRISTI TX
Exporter ADDITIONAL EXPORTERS
Supplier VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Supplier BERRY CONTRACTING LP, CORPUS CHRISTI TX
Supplier ADDITIONAL SUPPLIERS
Gteed Lndr JPMORGAN CHASE BANK, NEW YORK NY

Project Name NEW PROJECTS OF PEP
Project Description OIL & GAS FIELD DEVELOPMENT
Product Description OIL & GAS FIELD GOODS & SERVICES
Financed Amount $ 200,000,000
Repayment Term 10 YEARS

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

ITEM NO 8
Country MEXICO AP086394XX
Request for FINAL COMMITMENT

Applicant PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Borrower PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Guarantor PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 8 MEXICO
Guarantor PEMEX REFINACION S.A. DE C.V., MEXICO, DF MEXICO
Guarantor PEMEX GAS Y PETROQUIMICA BASICA, MEXICO D.F., 11311 MEXICO
Buyer PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
End-user PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
Exporter NOBLE DRILLING CORPORATION, SUGAR LAND TX
Exporter 3M COMPANY, SAINT PAUL MN
Exporter ADDITIONAL EXPORTERS
Supplier VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Supplier 3M COMPANY, SAINT PAUL MN
Supplier ADDITIONAL SUPPLIERS
Gteed Lndr NONE

Project Name NEW PROJECTS OF PEP
Project Description OIL & GAS FIELD DEVELOPMENT
Product Description OIL & GAS FIELD GOODS & SERVICES
Financed Amount $ 100,000,000
Repayment Term 10 YEARS

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

ITEM NO 9
Country MEXICO AP086412XX
Request for FINAL COMMITMENT

Applicant PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Borrower PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Guarantor PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 8 MEXICO
Guarantor PEMEX REFINACION S.A. DE C.V., MEXICO, DF MEXICO
Guarantor PEMEX GAS Y PETROQUIMICA BASICA, MEXICO D.F., 11311 MEXICO
Buyer PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
End-user PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
Exporter NOBLE DRILLING CORPORATION, SUGAR LAND TX
Supplier VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Supplier NOBLE DRILLING CORPORATION, SUGAR LAND TX
Gteed Lender JP MORGAN CHASE BANK, NEW YORK NY

Project Name NPP
Project Description OIL & GAS FIELD DEVELOPMENT
Product Description OIL & GAS FIELD GOODS & SERVICES
Financed Amount $ 100,000,000
Repayment Term 10 YEARS

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

ITEM NO 10
Country KAZAKHSTAN AP084419XX
Request for FINAL COMMITMENT

Applicant JSC LOKOMOTIV, ASTANA KAZAKHSTAN
Borrower JSC LOKOMOTIV, ASTANA KAZAKHSTAN
Guarantor KAZAKHSTAN TEMIR ZHOLY NATIONAL STATE CO, ASTANA 010000 KAZAKHSTAN
Guarantor JSC KAZTEMIRTRANS, ASTANA 010000 KAZAKHSTAN
Guarantor JSC LOCOMOTIVE KURASTYRU ZAUYTY, ASTANA KAZAKHSTAN
Buyer JSC LOCOMOTIVE KURASTYRU ZAUYTY, ASTANA KAZAKHSTAN
End-user JSC LOKOMOTIV, ASTANA KAZAKHSTAN
Exporter GENERAL ELECTRIC COMPANY, ERIE PA
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier GENERAL ELECTRIC COMPANY, ERIE PA
Gteed Lender NONE

Financed Amount $ 424,856,806
Repayment Term 10 YEARS

Project Name NONE
Project Description RAILROAD TRANSPORTATION
Product Description LOCOMOTIVES

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

ITEM NO 11
Country SWITZERLAND AP086286XX
Request for FINAL COMMITMENT

Applicant VISTAJET OWNERSHIP HOLDING SA, BAAR SWITZERLAND
Borrower SPV/VISTAJET OPERATIONS SA, BAAR SWITZERLAND
Buyer SPV/VISTAJET OPERATIONS SA, BAAR SWITZERLAND
End-user VISTAJET LU GMBH, SALZBURG AUSTRIA
Exporter LEARJET INC, WICHITA KS
Supplier LEARJET INC, WICHITA KS
Gteed Lender NATIXIS BANQUES POPULAIRES, PARIS 75007 FRANCE
Lessor SPV/VISTAJET OPERATIONS SA, BAAR SWITZERLAND
Lessee VISTAJET AVIATION SERVICES SA, BAAR SWITZERLAND

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 10 YEARS

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

ITEM NO 12A
Country INDIA AP082753XX
Request for FINAL COMMITMENT Conversion No. 4

Applicant AIR INDIA LIMITED, MUMBAI, MAHARASHTRA 400029 INDIA
Borrower SPV/AIR INDIA LIMITED, MUMBAI, 400021 INDIA
Buyer SPV/AIR INDIA LIMITED, MUMBAI, 400021 INDIA
End-user AIR INDIA LIMITED, MUMBAI, MAHARASHTRA 400029 INDIA
Exporter GENERAL ELECTRIC COMPANY, CINCINNATI OH
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 Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPV/AIR INDIA LIMITED, MUMBAI, 400021 INDIA
Lessee AIR INDIA LIMITED, MUMBAI, MAHARASHTRA 400029 INDIA
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE, 3-8-1NISHIKANDA, CHIYODA-KU TOKYO

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 12B
Country INDIA AP082753XX
Request for FINAL COMMITMENT Conversion No. 5

Applicant AIR INDIA LIMITED, MUMBAI, MAHARASHTRA 400029 INDIA
Borrower SPV/AIR INDIA LIMITED, MUMBAI, 400021 INDIA
Buyer SPV/AIR INDIA LIMITED, MUMBAI, 400021 INDIA
End-user AIR INDIA LIMITED, MUMBAI, MAHARASHTRA 400029 INDIA
Exporter GENERAL ELECTRIC COMPANY, CINCINNATI OH
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 Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPV/AIR INDIA LIMITED, MUMBAI, 400021 INDIA
Lessee AIR INDIA LIMITED, MUMBAI, MAHARASHTRA 400029 INDIA
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE, 3-8-1NISHIKANDA, CHIYODA-KU TOKYO

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 12C
Country INDIA PC086334XX
Request for PRELIMINARY COMMITMENT

Applicant AIR INDIA LIMITED, MUMBAI, MAHARASHTRA 400029 INDIA
Borrower SPV/AIR INDIA LIMITED, MUMBAI, 400021 INDIA
Buyer SPV/AIR INDIA LIMITED, MUMBAI, 400021 INDIA
End-user AIR INDIA LIMITED, MUMBAI, MAHARASHTRA 400029 INDIA
Exporter BOEING COMPANY, THE, EVERETT WA
Exporter GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Gteed Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPV/AIR INDIA LIMITED, MUMBAI, 400021 INDIA
Lessee AIR INDIA LIMITED, MUMBAI, MAHARASHTRA 400029 INDIA
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE, 3-8-1NISHIKANDA, CHIYODA-KU TOKYO

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
PC Expiry Date 04/14/12

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

ITEM NO 13
Policy No: FB-512499
Country: Mexico
Coverage Type/Term: Comprehensive/ST
Request For: Policy Renewal and Increase of Policy FB-472030
Policy Type: Financial Institution Buyer Credit (FIBC)

Insured: Banco Monex, S.A. Institucion de Banca Multiple,
Monex Grupo Financiero, Mexico City, Mexico
Buyer/End User: Demar Instaladora y Constructora, S.A. de C.V.,
Mexico City, Mexico
Guarantor/Obligor:Denis Antonio Chow Flores, Naucalpan, Edo. de Mexico, Mexico
Marino Agustin Fern?ndez Aguilar, Naucalpan, Edo. de Mexico, Mexico
Exporter/Supplier: Manufacturers Supply International LLC, Houston, TX
Cameron International Corporation, Houston, TX
Product/Use: Electrical Materials, Pipelines,Fire Systems & Valves; Service, Testing
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 14
Country INDIA AP085410XX
Request for FINAL COMMITMENT

Applicant TATITH ENERGIES GUJARAT PRIVATE LIMITED, HYDERABAD INDIA
Borrower TATITH ENERGIES GUJARAT PRIVATE LIMITED, HYDERABAD INDIA
Guarantor AMERICAN CAPITAL ENERGY INC, NORTH CHELMSFORD MA
Guarantor MSM INDUSTRIES INC, SOMERSET NJ
Buyer TATITH ENERGIES GUJARAT PRIVATE LIMITED, HYDERABAD INDIA
End-user TATITH ENERGIES GUJARAT PRIVATE LIMITED, HYDERABAD INDIA
Exporter AMERICAN CAPITAL ENERGY INC, NORTH CHELMSFORD MA
Exporter WESTWOOD CAPITAL LLC, NEW YORK NY
Supplier AMERICAN CAPITAL ENERGY INC, NORTH CHELMSFORD MA
Supplier WESTWOOD CAPITAL LLC, NEW YORK NY
Supplier ADDITIONAL SUPPLIERS
Gteed Lndr NONE

Project Name TATITH SOLAR
Project Description 5 MW PHOTOVOLTAIC POWER PLANT
Product Description POLYERYSTALINE PHOTOVOLTAIC MODULES
Financed Amount $ 18,916,193
Repayment Term 12 YEARS

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

ITEM NO 15
COUNTRY: INDIA - AP084664XX (Amendment)
Applicant HSBC BANK PLC, LONDON, ENGLAND E14 5HQ UNITED KINGDOM
Borrower GAIL (INDIA) LIMITED, NEW DELHI 110066 INDIA
Guarantor NONE
Buyer GAIL (INDIA) LIMITED, NEW DELHI 110066 INDIA
End-user GAIL (IND LIMITED, NEW DELHI 110066 INDIA
Exporter ROLLS-ROYCE ENERGY SYSTEMS, MOUNT VERNON OH
Supplier DETECTOR ELECTRONICS CORPORATION, MINNEAPOLIS MN
Supplier VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Supplier ROLLS-ROYCE ENERGY SYSTEMS, MOUNT VERNON OH
Gteed Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB
Cofin ECA EXPORT CREDITS GUARANTEE DEPT. (ECGD), LONDON UNITED KINGDOM
Cofin ECA EXPORT DEVELOPMENT CORPORATION (EDC), OTTAWA CANADA

Project Name NONE
Project Description NATURAL GAS PIPELINE PROJECT
Product Description TURBINES, COMPRESSORS, TECH SVCS

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

ITEM NO 16 PEFCO Secured Notes Resolution for FY 2012.
Board Decision: ADOPTED. Chairman Hochberg, Vice Chair Felton
and Director Mulvaney all voted in favor of the Resolution.