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Summary/Agenda of the Meeting of the Board of Directors

Thursday, December 12, 2013
 
Completed

I. OPEN:
1. Ex-Im Bank Advisory Committee for 2014 (New Members)

ENGINEERING & ENVIRONMENT DIVISION
2. Eximbank's Environmental Procedures and Guidelines

II. CLOSED:
3. Minutes of September 6, 2013 Board Meeting to be approved
4. Minutes of September 12, 2013 Board Meeting to be approved
5. Minutes of September 19, 2013 Board Meeting to be approved
6. Minutes of September 27, 2013 Board Meeting to be approved

TRANSPORTATION DIVISION
Congressional Review Expiry Date: 12-11-13
7A. COUNTRY: KOREA - AP088292XX
FOREIGN BUYER: SPV/Korean Air Lines
END USER: Korean Air Lines Co., Ltd.
PRODUCTS: Aircraft

Congressional Review Expiry Date: 12-11-13
7B. COUNTRY: KOREA - AP088292XA
FOREIGN BUYER: SPV/Korean Air Lines
END USER: Korean Air Lines Co., Ltd.
PRODUCTS: Aircraft

Congressional Review Expiry Date: 12-11-13
7C. COUNTRY: KOREA - AP088292XB
FOREIGN BUYER: SPV/Korean Air Lines
END USER: Korean Air Lines Co., Ltd.
PRODUCTS: Aircraft

Congressional Review Expiry Date: 12-11-13
8. COUNTRY: CHINA - AP088162XX
FOREIGN BUYER: SPV/China Southern Airlines
END USER: China Southern Airlines
PRODUCTS: Aircraft

STRUCTURED FINANCE DIVISION
Congressional Review Expiry Date: 12-11-13 / Public Notice Expiry Date:12-03-13
9. COUNTRY: BULGARIA - AP086418XX
FOREIGN BUYER: Bulgariasat AD
PRODUCTS: Satellite Coverage

Congressional Review - Expiry Date: 12-04-13 / Public Notice Expiry Date: 12-10-13
10. COUNTRY: SAUDI ARABIA - AP087461XX
FOREIGN BUYER: Power Cogeneration Plant Company
PRODUCTS: Turbine and Turbine Generator Set Units

WORKING CAPITAL DIVISION
Congressional Review - Expiry Date: 09-26-13
11. Working Capital Guarantee No. AP085839XA (Renewal)
OBLIGOR: Caterpillar Inc.
PRODUCTS: Mining, Construction, Engine Equipment

CREDIT POLICY COMMITTEE
12. Country Review (CLS Cover Policy and Footnote Changes)

ASSET MANAGEMENT DIVISION
13. COUNTRY: RUSSIA - MSM 22223
Borrower: SBS-Agro Bank J.S.C. (SBS Agro”)
Exporter: Case Corporation

14. COUNTRY: INDONESIA - AP070978XX
Borrower: P.T. Humpuss Pengolahan Minyak (HPM)
Exporter: Ventech

CERTIFICATION FOR CLOSURE OF MEETING

I, Andrea Q. Bernardo, Assistant General Counsel for Administration, hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday, December 12, 2013 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, except Items No. 1 & 2, may be closed to the public.

Andrea Q. Bernardo
Assistant General Counsel

Date Posted: Friday, December 6, 2013

ITEM NO 1 Ex-Im Bank Advisory Committee Members for 2014 (New Members)
Board Decision: APPOINTED members of the Ex-Im Bank Advisory Committee. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the appointments.

ITEM NO 2 Revision of Ex-Im Bank's Supplemental Environmental Guidelines for High Carbon Intensity projects.
Board Decision: APPROVED. Chairman Hochberg and Director Loui both voted in favor of the revision. Director Mulvaney voted against. (A portion of the transcript follows.)

ITEM NO 3 Minutes of September 6, 2013 Board Meeting for consideration and approval.
Board Decision: APPROVED. Chairman Hochberg, Director Mulvaney And Director Loui all voted in favor of the minutes.

ITEM NO 4 Minutes of September 12, 2013 Board Meeting for consideration and approval.
Board Decision: APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the minutes.

ITEM NO 5 Minutes of September 19, 2013 Board Meeting for consideration and approval.
Board Decision: APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the minutes.

ITEM NO 6 Minutes of September 27, 2013 Board Meeting for consideration and approval.
Board Decision: APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the minutes.

ITEM NO 7A
Country KOREA, SOUTH AP088292XX
Request for FINAL COMMITMENT

ApplicantKOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
BorrowerSPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
BuyerSPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
End-userKOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
ExporterBOEING COMPANY, THE, EVERETT WA
SupplierBOEING COMPANY, THE, EVERETT WA
SupplierGENERAL ELECTRIC COMPANY, CINCINNATI OH
SupplierVARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gtd LndrJPMORGAN CHASE & CO, NEW YORK NY
LessorSPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
LesseeKOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Cofin ECAEXPORT IMPORT BANK OF KOREA (KEXIM), SEOUL KOREA, REP OF

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

Board Decision: APPROVED. Chairman Hochberg and Director Loui voted in favor of the transaction. Director Mulvaney voted against.

ITEM NO 7B
Country KOREA, SOUTH AP088292XA
Request for FINAL COMMITMENT

ApplicantKOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
BorrowerSPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Buyer SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
End-userKOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
ExporterBOEING COMPANY, THE, EVERETT WA
SupplierBOEING COMPANY, THE, EVERETT WA
SupplierGENERAL ELECTRIC COMPANY, CINCINNATI OH
SupplierVARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gtd LndrTORONTO-DOMINION BANK, THE, SINGAPORE 039192 SINGAPORE
LessorSPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
LesseeKOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Cofin ECAEXPORT IMPORT BANK OF KOREA (KEXIM), SEOUL KOREA, REP OF

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

Board Decision: APPROVED. Chairman Hochberg and Director Loui voted in favor of the transaction. Director Mulvaney voted against.

ITEM NO 7C
Country KOREA, SOUTH AP088292XB
Request for FINAL COMMITMENT

ApplicantKOREAN AIR LINES 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-userKOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
ExporterBOEING COMPANY, THE, EVERETT WA
SupplierBOEING COMPANY, THE, EVERETT WA
SupplierGENERAL ELECTRIC COMPANY, CINCINNATI OH
SupplierVARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gtd LndrJPMORGAN CHASE & CO, NEW YORK NY
LessorSPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
LesseeKOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Cofin ECAEXPORT IMPORT BANK OF KOREA (KEXIM), SEOUL KOREA, REP OF

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

Board Decision: APPROVED. Chairman Hochberg and Director Loui voted in favor of the transaction. Director Mulvaney voted against.

ITEM NO 8
Country CHINA AP088162XX
Request for FINAL COMMITMENT

ApplicantCHINA SOUTHERN AIRLINES CO LTD, GUANGZHOU, GUANGDONG 510406 CHINA(MAINLAND)
BorrowerSPV/CHINA SOUTHERN AIRLINES, GUANGZHOU GUANGDONG CHINA(MAINLAND)
Buyer SPV/CHINA SOUTHERN AIRLINES, GUANGZHOU GUANGDONG CHINA(MAINLAND)
End-user CHINA SOUTHERN AIRLINES CO LTD, GUANGZHOU, GUANGDONG 510406 CHINA(MAINLAND)
Exporter BOEING COMPANY, THE, EVERETT WA
SupplierVARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
SupplierBOEING COMPANY, THE, EVERETT WA
SupplierGENERAL ELECTRIC COMPANY, CINCINNATI OH
Gtd LndrJPMORGAN CHASE & CO, NEW YORK NY
LessorSPV/CHINA SOUTHERN AIRLINES, GUANGZHOU GUANGDONG CHINA(MAINLAND)
LesseeCHINA SOUTHERN AIRLINES CO LTD, GUANGZHOU, GUANGDONG 510406 CHINA(MAINLAND)
Cofin ECANIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKOYO 101-0065 JAPAN

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

Board Decision: APPROVED. Chairman Hochberg Director Mulvaney and Director Loui
voted in favor of the transaction.

ITEM NO 9
Country BULGARIA AP086418XX
Request for FINAL COMMITMENT

ApplicantBULGARIASAT AD, SOFIA 1784 BULGARIA
BorrowerBULGARIASAT AD, SOFIA 1784 BULGARIA
GuarantorNONE
Buyer BULGARIASAT AD, SOFIA 1784 BULGARIA
End-userBULGARIASAT AD, SOFIA 1784 BULGARIA
ExporterSPACE SYSTEMS/LORAL, LLC, PALO ALTO CA
Supplier SPACE SYSTEMS/LORAL, LLC, PALO ALTO CA
Gtd LndrNONE

Project Name BULGARIA SAT-1
Project Description TELEVISION BROADCASTING SERVICES
Product Description 1 SATELLITE W/KU-BAND DTH/FSS COVERAGE
Repayment Term 8 YEARS/6 MONTHS
Financed Amount $150,542,286

Board Decision: APPROVED. Chairman Hochberg Director Mulvaney and Director Loui
voted in favor of the transaction.

ITEM NO 10
Country SAUDI ARABIA AP087461XX
Request for FINAL COMMITMENT

ApplicantMARUBENI MIDDLE-EAST & AFRICA POWER LTD, DUBAI U ARAB EMIRATES
BorrowerPOWER COGENERATION PLANT COMPANY, DHAHRAN 31311 SAUDI ARABIA
GuarantorNONE
Buyer POWER COGENERATION PLANT COMPANY, DHAHRAN 31311 SAUDI ARABIA
End-user POWER COGENERATION PLANT COMPANY, DHAHRAN 31311 SAUDI ARABIA
ExporterGENERAL ELECTRIC GLOBAL GROWTH & OPERATIONS, SCHENECTADY NY
ExporterGREENGATE LLC, WASHINGTON DC
ExporterVARIOUS US COMPANIES, WASHINGTON DC
SupplierGENERAL ELECTRIC GLOBAL GROWTH & OPERATIONS, SCHENECTADY NY
SupplierGREENGATE LLC, WASHINGTON DC
SupplierVARIOUS US COMPANIES, WASHINGTON DC
Gtd Lndr NONE

Project Name SAUDI ARAMCO COGENERATION PROJECT
Project Description COGENERATION POWER PLANTS
Product Description TURBINE AND TURBINE GENERATOR SET UNITS
Repayment Term 12 YEARS
Financed Amount $205,969,444

Board Decision: APPROVED. Chairman Hochberg Director Mulvaney and Director Loui voted in favor of the transaction.

ITEM NO 11
Working Capital Guarantee No. AP085839XX
Request for RENEWAL

ApplicantJPMORGAN CHASE BANK, NEW YORK, NY
Gted LndrJPMORGAN CHASE BANK, NEW YORK, NY
ObligorCATERPILLAR, PEORIA, IL

Product Description: MINING, CONSTRUCTION AND ENGINE EQUIPMENT
Ex-Im Bank Liability (Millions) $20+

Board Decision: APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the renewal.

ITEM NO 12
Country Review: Request for changes to the Country Limitation Schedule (CLS) to be effective December 19, 2013.

Board Decision: APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the changes.

ITEM NO 13 Country RUSSIA - MSM 22223
Borrower SBS-AGRO BANK J.S.C.
Exporter CASE CORPORATION

Board Decision: APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the request.

ITEM NO 14 Country INDONESIA - AP070978XX
Borrower P.T. HUMPUSS PENGOLAHAN MINYAK
Exporter VENTECH

Board Decision: DENIED. Chairman Hochberg, Director Mulvaney and Director Loui all voted against of the request.

Supplemental Environmental Guidelines for High Carbon Intensity
Projects

12-12-13 Transcript (Open Portion)