News | Board Minutes | 1998

SEPTEMBER 9, 1998

ITEM NO 1
NON-SOVEREIGN EXPOSURE FEE STRUCTURE OPTIONS
Board Decision: ACTION DEFERRED

ITEM NO 2
MISCELLANEOUS EXPOSURE FEE IMPLEMENTATION ISSUES
Board Decision: DISCUSSION -
                APPROVED CERTAIN FEATURES OF THE BANK’S IMPLEMENTATION
                OF OECD FEE STRUCTURE.

                        EXPORT-IMPORT BANK OF THE UNITED STATES
                  SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
                                   SEPTEMBER 10, 1998

ITEM NO 1
MINUTES OF MEETING OF AUGUST 4, 1998, TO BE APPROVED
Board Decision: APPROVED

ITEM NO 2
MINUTES OF MEETING OF AUGUST 20, 1998, TO BE APPROVED
Board Decision: APPROVED

ITEM NO 3
MINUTES OF MEETING OF AUGUST 25, 1998, TO BE APPROVED
Board Decision: APPROVED

ITEM NO 4
CREDIT COMMITTEE
Board Decision: APPROVED

ITEM NO 5
Country VENEZUELA                              AP073274XX
Request for FINAL COMMITMENT
Applicant      MELLON BANK, N.A.* (HDQ), PITTSBURGH PA
Borrower       MINST OF FINANCE OF VENEZUELA, CARACAS VENEZUELA
Guarantor      NONE
Buyer          MINST DE LA DEFENSA, CARACAS VENEZUELA
End-user       MINST DE LA DEFENSA, CARACAS VENEZUELA
Exporter       A T N INDUSTRIES INC, MIAMI FL
Supplier       GENERAL MOTORS  CORP., ROCHESTER HILLS MI
Supplier       STANLEY HYDRAULIC TOOLS, MILWAUKEE WI
Supplier       ADDITIONAL SUPPLIERS
Gteed Lender   MELLON BANK, N.A.* (HDQ), PITTSBURGH PA
Project Description HEAVY CONSTRUCTION
Product Description PICK-UP TRUCKS
Financed Amount USD    7,650,000
Repayment Term  5 YEARS
Board Decision APPROVED

                        EXPORT-IMPORT BANK OF THE UNITED STATES
                  SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
                                   SEPTEMBER 10, 1998

ITEM NO  6
Country MEXICO                                 AP073306XX
Request for FINAL COMMITMENT
Applicant      CREDIT LYONNAIS, PARIS, FRANCE
Borrower       COMISION FEDERAL DE ELECTRICIDAD, CIUDAD DE MEXICO, DISTRITO FEDERAL MEXICO
Guarantor      NONE
Buyer          COMISION FEDERAL DE ELECTRICIDAD, CIUDAD DE MEXICO, DISTRITO FEDERAL MEXICO
End-user       COMISION FEDERAL DE ELECTRICIDAD, CIUDAD DE MEXICO, DISTRITO FEDERAL MEXICO
Exporter       ELSAG BAILEY INC, SUGAR LAND TX
Supplier       ELSAG BAILEY INC, SUGAR LAND TX
Supplier       DIGITAL EQUIPMENT CORP., HOUSTON TX
Supplier       ADDITIONAL SUPPLIERS
Gteed Lender   CREDIT LYONNAIS, PARIS, FRANCE
Project Name SITRACEN MGT GRID SYS
Project Description ENERGY MANAGMENT & CONTROL SYSTEM
Product Description PROJECT MANAGEMENT SERVICES
Financed Amount USD   34,289,980
Repayment Term  10 YEARS
Board Decision APPROVED

ITEM NO  7A
Country CHINA (MAINLAND)                       AP073669XX
Request for FINAL COMMITMENT
Applicant      WESTDEUTSCHE LANDESBANK GIROZENTRALE, CHIYODA-KU, TOKYO 100 JAPAN
Borrower       SPV/AIR CHINA, BEIJING  100621 CHINA(MAINLAND)
Guarantor      INDUSTRIAL & COMMERCIAL BANK OF CHINA, BEIJING 100036 CHINA(MAINLAND)
Buyer          CHINA AVIATION SUPPLIES IMP & EXP CORP., BEIJING CHINA(MAINLAND)
End-user       AIR CHINA, BEIJING 100621 CHINA(MAINLAND)
Exporter       BOEING COMPANY THE*, SEATTLE WA
Supplier       BOEING COMPANY THE*, SEATTLE WA
Supplier       UNITED TECHNOLOGIES CORP, HARTFORD CT
Gteed Lender   WESTDEUTSCHE LANDESBANK GIROZENTRALE, CHIYODA-KU, TOKYO 100 JAPAN
Lessor         SPV/AIR CHINA, BEIJING  100621 CHINA(MAINLAND)
Lessee         AIR CHINA, BEIJING 100621 CHINA(MAINLAND)
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Financed Amount USD  240,036,058
Repayment Term  12 YEARS
Board Decision APPROVED

                        EXPORT-IMPORT BANK OF THE UNITED STATES
                  SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
                                   SEPTEMBER 10, 1998

ITEM NO  7B
Country CHINA (MAINLAND)                       PC073802XX
Request for PRELIMINARY COMMITMENT
Applicant      BOEING COMPANY THE*, SEATTLE WA
Borrower       SPV/AIR CHINA, BEIJING  100621 CHINA(MAINLAND)
Guarantor      INDUSTRIAL & COMMERCIAL BANK OF CHINA, BEIJING 100036 CHINA(MAINLAND)
Buyer          CHINA AVIATION SUPPLIES IMP & EXP CORP., BEIJING CHINA(MAINLAND)
End-user       AIR CHINA, BEIJING 100621 CHINA(MAINLAND)
Exporter       BOEING COMPANY THE*, SEATTLE WA
Supplier       BOEING COMPANY THE*, SEATTLE WA
Supplier       UNITED TECHNOLOGIES CORP, HARTFORD CT
Gteed Lender   FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN DC
Lessor         SPV/AIR CHINA, BEIJING  100621 CHINA(MAINLAND)
Lessee         AIR CHINA, BEIJING 100621 CHINA(MAINLAND)
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Ex-Im Bank Liability (Millions) USD20+
PC Expiry Date 02/14/99
Board Decision APPROVED

ITEM NO  8
Country CHINA (MAINLAND)                       AP073516XX
Request for AMENDMENT OF FINAL COMMITMENT
            (REQUEST BY PEFCO FOR EX-IM BANK APPROVAL OF ITS INTEREST RATE)
Applicant      CHASE SECURITIES INC., NEW YORK NY
Borrower       SPV/HAINAN AIRLINES CO. LTD., HAINAN 570206 CHINA(MAINLAND)
Guarantor      BANK OF CHINA, BEIJING, CHINA(MAINLAND)
Buyer          SPV/HAINAN AIRLINES CO. LTD., HAINAN 570206 CHINA(MAINLAND)
End-user       HAINAN AIRLINES CO. LTD., HAINAN 570206 CHINA(MAINLAND)
Exporter       BOEING COMPANY THE*, SEATTLE WA
Supplier       BOEING COMPANY THE*, SEATTLE WA
Supplier       CFM INTERNATIONAL INC, CINCINNATI OH
Gteed Lender   PRIVATE EXPORT FUNDING CORP, NEW YORK NY
Lessor         SPV/HAINAN AIRLINES CO. LTD., HAINAN 570206 CHINA(MAINLAND)
Lessee         HAINAN AIRLINES CO. LTD., HAINAN 570206 CHINA(MAINLAND)
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision APPROVED PEFCO INTEREST RATE.

                        EXPORT-IMPORT BANK OF THE UNITED STATES
                  SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
                                   SEPTEMBER 10, 1998

ITEM NO  9
Country GHANA                                  LI073068XX
Request for AMENDMENT OF LETTER OF INTEREST
Applicant      MINST OF ENERGY & MINES, ACCRA GHANA
Borrower       MINST OF FINANCE, ACCRA GHANA
Guarantor      NONE
Buyer          MINST OF ENERGY & MINES, ACCRA GHANA
End-user       MINST OF ENERGY & MINES, ACCRA GHANA
Exporter       WANAN INTERNATIONAL, CULVER CITY CA
Supplier       WELDY-LAMONT ASSOCIATES INC, MT PROSPECT IL
Gteed Lender   FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN DC
Project Name SHEP PROGRAM
Project Description ELECTRIC TRANSMISSION SYSTEM
Product Description ELECTRICAL DISTRIBUTION EQUIPMENT
Ex-Im Bank Liability (Millions) USD5 - USD20
LI Expiry Date 02/14/99
Board Decision APPROVED

                       EXPORT-IMPORT BANK OF THE UNITED STATES
                    SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE
                                   SEPTEMBER 11, 1998

ITEM NO 1.
Country BRAZIL                                 AP073900XX
Request for FINAL COMMITMENT
Applicant      FIRST NATL BANK OF NEW ENGLAND, HARTFORD CT
Borrower       FUND E BEN DE SAUDE ARNOLD GAVAZZA FILHO, 
               PONTE NOVA, MG 35430-213 BRAZIL
Guarantor      NONE
Buyer          FUND E BEN DE SAUDE ARNOLD GAVAZZA FILHO, 
               PONTE NOVA, MG 35430-213 BRAZIL
End-user       FUND E BEN DE SAUDE ARNOLD GAVAZZA FILHO,
               PONTE NOVA, MG 35430-213 BRAZIL
Exporter       NEWPORT MEDICAL INSTRUMENTS, COSTA MESA CA
Supplier       NEWPORT MEDICAL INSTRUMENTS, COSTA MESA CA
Gteed Lender   FIRST NATL BANK OF NEW ENGLAND, HARTFORD CT
Project Description INTENSIVE CARE CARDIAC UNIT
Product Description MED RESPIRATORY & VENTILATOR EQUIPMENT
Financed Amount USD304,450
Repayment Term  4 YEARS
Credit Committee Decision APPROVED

ITEM NO 2
Country BRAZIL                                 AP073911XX
Request for FINAL COMMITMENT
Applicant      WEBSTER BANK, HARTFORD CT
Borrower       MENEGOTTI INDUSTRIAL LTDA., JARAQUA DO SUL, SC 89254-710 BRAZIL
Guarantor      MENEGOTTI, CECILIA, JARAQUA DO SUL, SANTA CATARINA BRAZIL
Guarantor      MENEGOTTI, ADEMAR, JARAQUA DO SUL, SANTA CATARINA BRAZIL 
Buyer          MENEGOTTI INDUSTRIAL LTDA., JARAQUA DO SUL, SC 89254-710 BRAZIL
End-user       MENEGOTTI INDUSTRIAL LTDA., JARAQUA DO SUL, SC 89254-710 BRAZIL
Exporter       SENCORP SYSTEMS, INC., HYANNIS MA
Supplier       SENCORP SYSTEMS, INC., HYANNIS MA
Gteed Lender   WEBSTER BANK, HARTFORD CT
Project Description PLASTIC PACKAGING AND FABRICS
Product Description PLASTIC PACKAGING MACHINERY
Financed Amount USD 959,986
Repayment Term  5 YEARS
Credit Committee Decision APPROVED
 
                        EXPORT-IMPORT BANK OF THE UNITED STATES
                    SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE
                                   SEPTEMBER 11, 1998

ITEM NO 3
Country TURKEY                                 AP073777XX
Request for FINAL COMMITMENT
Applicant      ABN AMRO BANK N.V., CHICAGO IL
Borrower       VAKIF FINANSAL KIRALAMA A.S., ISTANBUL 80090 TURKEY
Guarantor      TURKIYE VAKIFLAR BANKASI T A O, ANKARA TURKEY
Buyer          VAKIF FINANSAL KIRALAMA A.S., ISTANBUL 80090 TURKEY
End-user       OLKUSAN OLUKLU KUTU SANSAYI VA TICARET, 
               CORLU/TEKIRDAG 59850 TURKEY
Exporter       MARQUIP INC, PHILLIPS WI
Supplier       MARQUIP INC, PHILLIPS WI
Gteed Lender   ABN AMRO BANK N.V., CHICAGO IL
Project Description CORRUGATED BOX MANUFACTURE
Product Description 2500 MM COMPLETE CORRUGATING PROD LINE
Financed Amount USD 3,156,790
Repayment Term  5 YEARS
Credit Committee Decision APPROVED

ITEM NO: 4.                          Policy No.:  MTR-193441
Country:               Malaysia 
Request For:         Insurance Policy (New) 
Policy Type:          Repetitive Sales             
Coverage Type/Term: Comprehensive/MT
Insured: First National Bank of Maryland, Baltimore, MD
Buyer/Obligor: Tung Hai Fishing Senderian Berhad, Sabah, Malaysia
Guarantor: Hunza Consolidation Berhad, Penang, Malaysia
  Master-Pack Sdn Bhd (MPSB), Perak, Malaysia
  Sin Wan Fatt Marine Products (SWF), Perak, Malaysia
End-User: Tung Hai Fishing Senderian Berhad, Sabah, Malaysia
Exporters: Evapco, Westminster, MD
  Vilter Export Corp., Cuday, WI
  Tour Ice National, Colorado Springs, CO
Suppliers: Same as Exporters
Product: Refrigeration Equipment
Eximbank Liability (MILLIONS):USD 0 - USD1
Credit  Committee Committee: APPROVED
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