Nigeria
In April, 2007 Ex-Im Bank provided our Short-Term Insurance policy to Impex of Doral, Inc. of Miami, FL in support of their sale of disposable products valued at $100,000 to Everyday Supermarket Limited of Lagos, Nigeria.
In April, 2007, Ex-Im Bank approved a request from Sovereign Bank of Boston, MA for a five-year, Medium-Term Comprehensive Guarantee in the amount of $1,630,028 to support the sale of two Dragon Series Dredges to H S Petroleum, a company located in Lagos. There were several corporate guarantors on this transaction. The U.S. exporter is Baltimore Dredges, LLC of Baltimore MD.
Xechem Pharmaceutical Nigeria Limited of Abuja, Nigeria will receive pharmaceutical manufacturing and laboratory equipment from several U.S. suppliers including American Plastics Technologies, Inc. of Shiller Park, IL, Fisher Scientific Company of Suwanee, GA, and the Nitra Group of Aventura, LF. This $9,389,000 loan is supported by a guarantee from the Bank PHB of Lagos, Nigeria, and the loan was provided by UPS Capital Business Credit of Hartford, CT. Ex-Im Bank provided a 5-year Comprehensive Guarantee to the lender.
