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Summary/Agenda of the Meeting of the Board of Directors

Thursday, April 10, 2014
 
Completed

I. OPEN:

POLICY AND PLANNING DIVISION
1. 2014 Review of the Content Policy

II. CLOSED:
2. Minutes of March 27, 2014 Board Meeting to be approved

STRUCTURED FINANCE DIVISION
3. COUNTRY: MEXICO AP088368XX
FOREIGN BUYER: Central Panuco, S.A. de C.V.
PRODUCTS: Drilling and Production Platforms
TOTAL FINANCED AMOUNT: $172,252,610
See Item No. 1 on the 02-14-14 Agenda.

4. COUNTRY:RUSSIA AP088266XX WITHDRAWN
FOREIGN BUYER: SUEK PLC
PRODUCTS: Continuous Miners, Shuttle Cars, Feeder Breakers & Related Cables
TOTAL FINANCED AMOUNT: $21,172,000

TRANSPORTATION DIVISION
5. COUNTRY: CHINA AP088580XX
FOREIGN BUYER: SPC/ICBC Financial Leasing Limited
END USER: Garuda Indonesia Airlines
PRODUCTS: Aircraft

TRADE FINANCE DIVISION
6. COUNTRY: CHINA AP087602XX
FOREIGN BUYERS: CMC International Tendering Corp.
END USER: Tongren Fire Fighting Brigade
PRODUCTS: Fire Fighting Vehicles
TOTAL FINANCED AMOUNT: $18,436,500

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, April 10, 2014 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 Item No. 1, may be closed to the public.

Andrea Q. Bernardo
Assistant General Counsel

Date Posted: Thursday, April 3, 2014

ITEM NO 1 2014 Review of the Content Policy: Request to consider the recommendations of staff to adopt the proposals contained in the 2014 Review of the Content Policy.

a. Service Principle Number One (US Content in a Service Contract):
Board Decision: RECOMMENDATIONS ADOPTED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the adopting the recommendation.

b. Service Principle Number Two (Eligible Service Contract):
Board Decision: RECOMMENDATIONS ADOPTED. Chairman Hochberg, and Director Loui all voted in favor of the adopting the recommendation. Director Mulvaney voted against.

c. Service Principal Number Three (Foreign Content)
Board Decision: RECOMMENDATIONS ADOPTED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the adopting the recommendation.

d. Service Principal Number Four (US Content Requirement)
Board Decision: RECOMMENDATIONS ADOPTED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the adopting the recommendation.

e. Expansion of the Co-Financing Principals
Board Decision: RECOMMENDATIONS ADOPTED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the adopting the recommendation.

ITEM NO 2 Minutes of March 27, 2014 Board Meeting for consideration and approval.
Board Decision: MINUTES APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the minutes.

ITEM NO 3
Country MEXICO AP088368XX
Request for FINAL COMMITMENT

Applicant CENTRAL PANUCO S.A DE C.V., Cuidad De Mexico, D.F. 11000
Borrower CENTRAL PANUCO S.A DE C.V., Cuidad De Mexico, D.F. 11000
Guarantor PERFORADORA CENTRAL S.A. DE C.V., Ciudad De Mexico, D.F. 11000
Buyer CENTRAL PANUCO S.A DE C.V., Cuidad De Mexico, D.F. 11000
End-user CENTRAL PANUCO S.A DE C.V., Cuidad De Mexico, D.F. 11000
Exporter KEPPEL AMFELS, LLC, Brownsville TX
Exporter NATIONAL OILWELL VARCO INC., Houston TX
Supplier KEPPEL AMFELS, LLC, Brownsville TX
Supplier KENNEDY WIRE ROPE & SLING CO. INC., Corpus Christi TX
Supplier ADDITIONAL SUPPLIERS
Gtd Lender TO BE DETERMINED, N/A
Gtd Lender DEUTSCHE BANK AG, New York NY

Project Name UXPANAPA JACK UP DRILLING RIG
Project Description OFFSHORE OIL WELL DRILLING SERVICES
Product Description DRILLING AND PRODUCTION PLATFORMS, FLOATING, OIL AND GAS, BUILDING
Financed Amount $ 172,252,610
Repayment Term 8 YEARS / 6 MONTHS

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

ITEM NO 4 WITHDRAWN

ITEM NO 5
Country CHINA AP088580XX
Request for FINAL COMMITMENT

Applicant ICBC FINANCIAL LEASING CO. LTD, Beijing
Borrower SPV/ICBC FINANCIAL LEASING CO LTD, Beijing 11
Buyer SPV/ICBC FINANCIAL LEASING CO LTD, Beijing 11
End-user GARUDA INDONESIA AIRLINES, Jakarta
Exporter BOEING COMPANY, THE, Everett WA
Supplier BOEING COMPANY, THE, Everett WA
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Gtd Lender CITIBANK, N.A., New York NY
Lessor SPV/ICBC FINANCIAL LEASING CO LTD, Beijing 11
Lessee ICBC INTERNATIONAL LEASING CO., LTD., Dublin CE

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision: TRANSCTION REFERED TO CONGRESS. Chairman Hochberg,
Director Mulvaney and Director Loui all voted in favor of the referral.

ITEM NO 6
Country CHINA AP087602XX
Request for FINAL COMMITMENT

Applicant HSBC USA, INC., New York NY
Borrower THE EXPORT-IMPORT BANK OF CHINA, Beijing
Guarantor MINISTRY OF FINANCE OF CHINA, Beijing 11
Buyer CMC INTERNATIONAL TENDERING CORP., Beijing
End-user TONGREN FIRE FIGHTING BRIGADE, Tong Ren City Gui Zhou Provinc
Exporter W.S. DARLEY CO., Itasca IL
Supplier NONE
Gtd Lender HSBC USA, INC., New York NY

Project Name NONE
Project Description FIRE PROTECTION
Product Description VARIOUS FIRE TRUCKS AND FIRE EQUIPMENT
Financed Amount $ 18,436,500
Repayment Term 7 YEARS

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