Summary of the Meeting of the Board of Directors
Completed
MEETING OF THE BOARD OF DIRECTORS
AGENDA
9:30 A.M. THURSDAY
MAY 14, 2015
REMINDER: The attached materials contain Confidential Business Information,
which may be disclosed only to appropriate parties.
I. OPEN: NONE
II. CLOSED:
TRANSPORTATION DIVISION
1. COUNTRY: INDIA - AP088875XX
FOREIGN BUYER: SPV/Essar Oil Ltd.
END USER: Futura Travel Limited
PRODUCTS: Aircraft
2. COUNTRY: AZERBAIJAN AP088942XX
FOREIGN BUYER: SPV/Azerbaijan Airlines
END-USER: Azerbaijan Airlines
PRODUCTS: Aircraft
TRADE FINANCE DIVISION
3. COUNTRY: MEXICO Policy No. FB-617402
BUYER/OBLIGOR: Comercializadora Portimex, S.A. de C.V.
PRODUCTS: Bulk Agricultural Commodities
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 will disclose information of the kind set forth in Subsection (4) of Section 552b(c), Title 5 of the United States Code. This meeting will be held at 9:30 AM on Thursday, May 14, 2015, at The Export-Import Bank of the United States, 811 Vermont Avenue, NW, Washington, DC.
Accordingly, such meeting may be closed to the public.
Andrea Q. Bernardo
Assistant General Counsel
EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
MAY 14, 2015
ITEM NO. 1 WITHDRAWN
ITEM NO 2
Country AZERBAIJAN AP088942XX
Request for FINAL COMMITMENT
Applicant AZERBAIJAN AIRLINES, Baku
Borrower SPV/AZERBAIJAN AIRLINES, Baku
Buyer SPV/AZERBAIJAN AIRLINES, Baku
End-user AZERBAIJAN AIRLINES, Baku
Exporter BOEING COMPANY, THE, Everett WA
Exporter BOEING COMPANY, THE, North Charleston SC
Exporter GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier BOEING COMPANY, THE, Everett WA
Supplier BOEING COMPANY, THE, North Charleston SC
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lndr BAYERISCHE LANDESBANK, Munchen BY
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN
Project Name AZERBAIJAN AIRLINES
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision: TRANSACTION REFERRED TO CONGRESS. Chairman Hochberg, Director Loui and Director Mulvaney voted in favor of the referral
ITEM NO 3
Country MEXICO Policy No: Policy No. FB-617402
Request for NEW POLICY
Insured: Espirito Santo Bank, Miami, FL
Borrower/Obligor: Comercializadora Portimex, S.A. de C.V
Buyer: Comercializadora Portimex, S.A. de C.V
Guarantor(s): Francisco Javier Sobrino Bracamontes,
Consorcio Granelero de Tuxpam, S. A. de C.V
Granelera Internacional de Tuxpam, S.A. de C.V.
Grupo Avicola el Penon, S.A, de C.V;
Inguala Concentrados, S.A. de C.V.
Transportes Frasco, S.A. de C.V.
Exporter(s): CHS, Inc, Inner Grove Heights, MN
Louis Dreyfus Corporation, Wilton, CT
Broker: Heffferman Insurance Brokers, Inc.
Products: Bulk Agricultural Commodities
Ex-Im Bank Liability (Millions): $5 - 20
Board Decision: TRANSACTION APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the transaction.