Summary of the Meeting of the Board of Directors
September 4, 2014
December 31, 1969
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, September 4, 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 may be closed to the public.
Andrea Q. Bernardo
Assistant General Counsel
Completed
Agenda
I. OPEN: NONE
II. CLOSED:
1. Minutes of July 31, 2014 Board Meeting to be approved
2. Minutes of August 7, 2014 Board Meeting to be approved
TRANSPORTATION DIVISION
3. COUNTRY: CHINA AP088793XX
FOREIGN BUYER: SPV/Air China
END-USER: Air China Limited
PRODUCTS: Aircraft
TRADE FINANCE DIVISION
4. COUNTRY: VIET NAM PC088627XX
FOREIGN BUYER: Vietnam Development Bank
END-USER: Cong Ly Construction
PRODUCTS: Wind Turbines
TOTAL FINANCED AMOUNT: $83,059,224
5. COUNTRY: MOROCCO AP088270XX
FOREIGN BUYER: OCP, S.A.
PRODUCTS: Goods & Services for Phosphate Mining
TOTAL FINANCED AMOUNT: $92,178,000
II. CLOSED:
1. Minutes of July 31, 2014 Board Meeting to be approved
2. Minutes of August 7, 2014 Board Meeting to be approved
TRANSPORTATION DIVISION
3. COUNTRY: CHINA AP088793XX
FOREIGN BUYER: SPV/Air China
END-USER: Air China Limited
PRODUCTS: Aircraft
TRADE FINANCE DIVISION
4. COUNTRY: VIET NAM PC088627XX
FOREIGN BUYER: Vietnam Development Bank
END-USER: Cong Ly Construction
PRODUCTS: Wind Turbines
TOTAL FINANCED AMOUNT: $83,059,224
5. COUNTRY: MOROCCO AP088270XX
FOREIGN BUYER: OCP, S.A.
PRODUCTS: Goods & Services for Phosphate Mining
TOTAL FINANCED AMOUNT: $92,178,000
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, September 4, 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 may be closed to the public.
Andrea Q. Bernardo
Assistant General Counsel
Date Posted
Summary of Minutes
ITEM NO 1 Minutes of July 31, 2014 Board Meeting for consideration and approval.
Board Decision: MINUTES APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the minutes.
ITEM NO 2 Minutes of August 7 Board Meeting for consideration and approval.
Board Decision: MINUTES APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the minutes.
ITEM NO 3
Country CHINA AP088793XX
Request for FINAL COMMITMENT
Applicant AIR CHINA LIMITED, Beijing (China) Mainland)
Borrower SPV/AIR CHINA, Beijing 10062l(China) Mainland)
Buyer SPV/AIR CHINA, Beijing 10062l(China) Mainland)
End-user AIR CHINA LIMITED, Beijing (China) Mainland)
Exporter BOEING COMPANY, THE, Renton WA
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier CFM INTERNATIONAL INC, Cincinnati OH
Supplier ADDITIONAL SUPPLIERS
Gted Lndr PRIVATE EXPORT FUNDING CORPORATION, New York NY
Lessor SPV/AIR CHINA, Beijing 100621(China) Mainland)
Lessee AIR CHINA LIMITED, Beijing (China) Mainland)
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN
Project Name NONE
Project Description AIR TRANSPORTATION Product Description Aircraft
Repayment Term 12 YEARS
Board Decision: TRANSACTION APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of approving the transaction.
ITEM N0 4
Country VIETNAM PC088627XX Request for PRELIMINARY COMMITMENT
Applicant VIETNAM DEVELOPMENT BANK, Hanoi VIETNAM
Borrower VIETNAM DEVELOPMENT BANK, Hanoi VIETNAM
Guarantor MINISTRY OF FINANCE OF THE SOCIALIST REP, Hanoi VIETNAM
Buyer VIETNAM DEVELOPMENT BANK, Hanoi VIETNAM
End-user CONG LY CONSTRUCTION , TRADING, AND TOURI, Ca Mau City 59
Exporter GENERAL ELECTRIC OIL & GAS, Schenectady NY
Supplier GENERAL ELECTRIC OIL & GAS, Schenectady NY
Gteed Lender JPMORGAN CHASE BANK, NATIONAL ASSOCIATIO, New York NY
Project Name BAC LIEU lOOMW WINDFARM
Project Description 87 MW EXPANSION OF WIND FARM Product Description WIND TURBINES
Ex-Im Bank Liability (Millions) $20+ PC Expiry Date 03/04/15
Board Decision: TRANSACTION APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of approving the transaction .
ITEM NO 5
Country MOROCCO AP088270XX
Request for FINAL COMMITMENT
Applicant CITIBANK, N .A., New York NY
Borrower OCP S.A., Casablanca, 20200 MOROCCO
Guarantor NONE
Buyer OCP S.A., Casablanca, 20200 MOROCCO
End-user OCP S.A., Casablanca, 20200 MOROCCO
Exporter HOLTEC INTERNATIONAL, Marlton NJ
Exporter WESTECH ENGINEERING INC, Salt Lake City UT
Exporter ADDITIONAL EXPORTERS
Supplier HOLTEC INTERNATIONAL, Marlton NJ
Supplier WESTECH ENGINEERING INC, Salt Lake City UT
Supplier ADDITIONAL SUPPLIERS
Gtd Lndr CITIBANK, N.A., New York NY
PSOR OCP S.A., Casablanca, 20200 MOROCCO
Project Name NONE
Project Description PHOSPHATE MINING AND PROCESSING
Product Description VARIOUS GOOD/SERVICES FOR PHOSPHATE MINING Financed Amount $ 92, 178,000
Repayment Term 5 YEARS
Board Decision: TRANSACTION APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of approving the transaction.
Board Decision: MINUTES APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the minutes.
ITEM NO 2 Minutes of August 7 Board Meeting for consideration and approval.
Board Decision: MINUTES APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the minutes.
ITEM NO 3
Country CHINA AP088793XX
Request for FINAL COMMITMENT
Applicant AIR CHINA LIMITED, Beijing (China) Mainland)
Borrower SPV/AIR CHINA, Beijing 10062l(China) Mainland)
Buyer SPV/AIR CHINA, Beijing 10062l(China) Mainland)
End-user AIR CHINA LIMITED, Beijing (China) Mainland)
Exporter BOEING COMPANY, THE, Renton WA
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier CFM INTERNATIONAL INC, Cincinnati OH
Supplier ADDITIONAL SUPPLIERS
Gted Lndr PRIVATE EXPORT FUNDING CORPORATION, New York NY
Lessor SPV/AIR CHINA, Beijing 100621(China) Mainland)
Lessee AIR CHINA LIMITED, Beijing (China) Mainland)
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN
Project Name NONE
Project Description AIR TRANSPORTATION Product Description Aircraft
Repayment Term 12 YEARS
Board Decision: TRANSACTION APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of approving the transaction.
ITEM N0 4
Country VIETNAM PC088627XX Request for PRELIMINARY COMMITMENT
Applicant VIETNAM DEVELOPMENT BANK, Hanoi VIETNAM
Borrower VIETNAM DEVELOPMENT BANK, Hanoi VIETNAM
Guarantor MINISTRY OF FINANCE OF THE SOCIALIST REP, Hanoi VIETNAM
Buyer VIETNAM DEVELOPMENT BANK, Hanoi VIETNAM
End-user CONG LY CONSTRUCTION , TRADING, AND TOURI, Ca Mau City 59
Exporter GENERAL ELECTRIC OIL & GAS, Schenectady NY
Supplier GENERAL ELECTRIC OIL & GAS, Schenectady NY
Gteed Lender JPMORGAN CHASE BANK, NATIONAL ASSOCIATIO, New York NY
Project Name BAC LIEU lOOMW WINDFARM
Project Description 87 MW EXPANSION OF WIND FARM Product Description WIND TURBINES
Ex-Im Bank Liability (Millions) $20+ PC Expiry Date 03/04/15
Board Decision: TRANSACTION APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of approving the transaction .
ITEM NO 5
Country MOROCCO AP088270XX
Request for FINAL COMMITMENT
Applicant CITIBANK, N .A., New York NY
Borrower OCP S.A., Casablanca, 20200 MOROCCO
Guarantor NONE
Buyer OCP S.A., Casablanca, 20200 MOROCCO
End-user OCP S.A., Casablanca, 20200 MOROCCO
Exporter HOLTEC INTERNATIONAL, Marlton NJ
Exporter WESTECH ENGINEERING INC, Salt Lake City UT
Exporter ADDITIONAL EXPORTERS
Supplier HOLTEC INTERNATIONAL, Marlton NJ
Supplier WESTECH ENGINEERING INC, Salt Lake City UT
Supplier ADDITIONAL SUPPLIERS
Gtd Lndr CITIBANK, N.A., New York NY
PSOR OCP S.A., Casablanca, 20200 MOROCCO
Project Name NONE
Project Description PHOSPHATE MINING AND PROCESSING
Product Description VARIOUS GOOD/SERVICES FOR PHOSPHATE MINING Financed Amount $ 92, 178,000
Repayment Term 5 YEARS
Board Decision: TRANSACTION APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of approving the transaction.