ikennaya: Nigerians. If it were to be another person u ppl will condemn him and say smthing like "useless ppl evn if u colectd u will alway deny it" Bt becus its Mr Fash u will nt condemn him.May God help u ppl with ur hypocricy
N/B I'm nt saying he did it o...i'm just angry with how u ppl hate others cus they r nt the 1 u wish to be in power

Dont mind them. The HYPOCRISY is unprecedented!

By the way, the governor just CONFIRMED he took the $15million loan. This cannot by a stretch of imagination be said to be "denial".

What is a loan? A loan is:

"An arrangement in which a lender gives money or property to a borrower , and the borrower agrees to return the property or repay the money, usually along with interest , at some future point(s) in time"
http://www.investorwords.com/2858/loan.html

An arrangement whereby the Lagos state collects 32 fire engines whorth $15million, to repay the $15million plus interest in future is a PERFECT description of a LOAN

“So what Ex-IM Bank did was to provide the capital to the manufacturer guaranteed by a Nigerian bank, whom we will pay to, so we are only buying a product. We did not take any loan,” he said.

I've been through the process personally and what he said above is how it works.

Direct Loan
Fixed-Rate Term Financing for International Buyers
Ex-Im Bank's direct loans help you secure competitive financing for your international buyers. We provide fixed-rate financing-- up to 12 years in general and up to 18 years for renewable energy projects--to creditworthy international buyers in both the private and public sector, and finance your local costs up to 30%. With our direct loan, international buyers get competitive term financing that may previously have been unavailable.

How will these direct loans help my business?
Ex-Im Bank's Direct Loans provide:

Financing for international buyers of U.S. goods and services.
No limits on transaction size.
Fixed-rate financing with interest rate set at the Commercial Interest Reference Rate (CIRR). (See Commercial Interest Reference Rate – CIRR).
Coverage for 100% of commercial and political risks.
Financing of up to 30% of local costs in addition to the U.S. exports.
Financing of ancillary services and fees (legal, financial, bank, etc.)
Eligibility Requirements
Ex-Im Bank finances only the U.S content. Please review Ex-Im Content Policy for more information.
Ex-Im Bank can do business in most markets. However, we may be limited or unable to offer financing in certain countries and under certain terms. (See Country Information - Country Limitation Schedule).
Products must be shipped from the U.S. to a foreign buyer.
There is no minimum or maximum limit to the size of the export sale that may be financed with Ex-Im Bank's direct loan.
Ex-Im Bank cannot support exports of military or defense products and services (with some exceptions), nor can we support purchases made by military buyers.
All direct loans are subject to U.S. flag shipping requirements. (See Shipping Policy – MARAD).
Ex-Im Bank's direct loan to an international buyer is generally used for financing purchases of U.S. capital equipment and services. Prior to approving certain transactions, Ex-Im Bank will consider the economic impact of a particular transaction (see Ex-Im Bank policies - Economic Impact) and the environmental effects (see Ex-Im Bank policies - Environment).

Coverage
This coverage is available for medium-term and long-term transactions. The total level of Ex-Im Bank support will be the lesser of 85% of the value of all eligible goods and services in the U.S. supply contract or 100% of the U.S. content in all eligible goods and services in the U.S. supply contract.

Fees
Letter of Interest processing fee - $100
A commitment fee of 0.5%, based on unused portions of the loan
An exposure fee based on risk (variable; see Exposure Fee Calculator)
Interest rate fixed at Commercial Interest Reference Rate (CIRR)
Repayment Terms
Generally, the repayment term of a transaction is determined by numerous variables, including, but not limited to, the borrower's financial condition, the common repayment terms the market gives such products, specific industry practices, industry and country conditions, useful life, OECD and Berne Union agreements, and the matching of terms offered by other foreign government-sponsored financing. Repayment terms are generally in excess of seven years.

Application
Final Commitment (AP): If the contract has been awarded, only the international borrower may submit the final commitment (AP) application.
Letter of Interest (LI): If the contract has not been awarded, then an exporter, an international borrower, or a lender may request a nonbinding letter of interest (LI) containing Ex-Im Bank terms for the specific transaction. The LI is processed within seven working days, is valid for six months, and can be renewed.
Preliminary Commitment (PC): In exceptional cases, Ex-Im Bank will accept an application for a preliminary commitment (PC). A PC is a nonbinding expression of interest from Ex-Im Bank that the borrower's needs, as outlined in the application, generally meet Ex-Im Bank's financing requirements.
Getting Started
Please visit the nearest Ex-Im Bank office for a free consultation with an Export-Import Bank Trade Finance Manager, call 202-565-3946 or email us at info@exim.gov.

If you are not a current Ex-Im customer, and would like to know more about the application process and apply on line, REVIEW THE PROCESS OVERVIEW HERE.

http://www.exim.gov/products/direct-loan.cfm

The problem I have with his explanation is this. It would appear the manufacturer has solvency problems. Why buy from this particular manufacturer whose name we would like to know.There are other manufacturers surely ? How and why was that particular manufacturer chosen.

According to Fashola
"Now fire engines are not what you can walk into any company and purchase easily."
Why not.are they weapons or some top secret technoloy. Shell ,NNPC etc buy them all the time.
If the issue is the manufacturer doubting your ability to pay and asking for a "deposit" then make that clear.
I also question why we are buying from America and Not Europe(Volvo,Mercedes,MAN or DAF). What is the brand of trucks in question??The explanation befuddles rather than enlightens

Whilst there may not have been borrowing.It smells a bit fishy
having said that,the governnment is right to buy fire engines and to prepare for fire accidents and emergencies.I support that and we must not forget the response of Lagos State to the tragic Dana Air Crash last year . I believe it was quite dignified the way bodies were removed and that would not have happened without planning. The purpose of criticism of government should not be about scoring political points alone but also to give helpful feedback

At least he used it to purchase Fire-Trucks. Lagos State's fire service has just received a boost and this means more firemen will be employed. Keep looking for holes while Lagos keeps moving ahead.

aribisala0:
Whilst there may not have been borrowing.It smells a bit fishy

Not just fishy; crabby. You should know any deal done by ANY government in Nigeria cannot be straight forward. Somebody must make some wild profits. Anyway, as long as the money was not embezzled and they did use it to do something.

aribisala0: The problem I have with this explanation is this. It would appear the manufacturer has solvency problems. Why buy from this particular manufacturer whose name we would like to know.There are other manufacturers surely ? How and why was that particular manufacturer chosen.

According to Fashola
"Now fire engines are not what you can walk into any company and purchase easily."
Why not.are they weapons or some top secret technoloy. Shell ,NNPC etc buy them all the time.
If the issue is the manufacturer doubting your ability to pay and asking for a "deposit" then make that clear.
I also question why we are buying from America and Not Europe(Volvo,Mercedes,MAN or DAF). What is the brand of trucks in question??The explanation befuddles rather than enlightens

Whilst there may not have been borrowing.It smells a bit fishy
having said that,the governnment is right to buy fire engines and to prepare for fire accidents and emergencies.I support that and we must not forget the response of Lagos State to the tragic Dana Air Crash last year . I believe it was quite dignified the way bodies were removed and that would not have happened without planning. The purpose of criticism of government should not be about scoring political points alone but also to give helpful feedback

The bottom line is that Lagos is borrowing money but not directly from Ex-Im Bank.

Loan Guarantee - In cases when a foreign buyer seeks a loan to purchase U.S. made goods, and in-country loans are too expensive, Ex-Im Bank can provide a loan guarantee to a commercial lending institution to make the loan to the foreign buyer. Ex-Im Bank will guarantee up to 85% of principal and interest of the U.S. contract price.

GARRI (x7):
Nice and lucid response from Mr. Governor..

If it was GEJ, Abati would have rained abuses on Nigerian, the opposition parties etc without explaining what the transaction is all about.

Lagosians have a rare gem, one they'll only appreciate if they've had to cope with the likes of Thief Ibori and The imbecilic Uduaghan..

Hey, don't go. You forgot to add Thief Tinubu!

ba7man: I watched this interview on TV and was impressed with his points. I wonder how GEJ would have answered those questions if he were in Fashola's shoes.

Jonathan go just brush aside the issue and set up committee to look into unto the matter and other cimmitees so verify and implement reports and another commitee to put the whole thing inside trash.

Wallie:


The bottom line is that Lagos is borrowing money but not directly from Ex-Im Bank.

That is not true.I am not here to hold brief for Lagos state.If the explanation by Fashola is correct they are not borrowing.If Fashola is lying which he may well be then they are. I think you are misunderstanding the explanation or perhaps have information that he is lying which you can share. I have already criticized the arrangement but that does not mean we must lose objectivity.The arrangement between Exim and this UNNAMED manufacturer is a bilateral one not a triangular one. I do not know the details of this deal except what I have read on this thread. Lagos state is not borrowing $15 million to fund this deal. Now lagos has a deficit budget this year and will borrow billions of naira and raise billions too. Can we say the borrowed was spent on this and the generated was spent on that .That will be impossible. So it will just be as accurate to say Lagos borrowed money to buy diesel, petrol or Lastma uniforms. The only time we can say that is when borrowing is linked to a specific spend.If that is the case here please tell us who it is that is lending Lagos the 15 million
My reading of this deal is the manufacturer is a minor unknown player or one with cashflow problems and Lagos have declined to pay them directly which seems quite diligent to me.The EXIM bank have agreed to advance the Manufacturer the money because they believe that Lagos can and will pay (they will have or should have a contract) and their motivation is to create jobs in their country.
This is why I question why not buy from an established player like Volvo or Mercedes?? my guess is since EXIM is involved there is some politics at play as EXIM is basically US government money.

aribisala0: The problem I have with this explanation is this. It would appear the manufacturer has solvency problems. Why buy from this particular manufacturer whose name we would like to know.There are other manufacturers surely ? How and why was that particular manufacturer chosen.

According to Fashola
"Now fire engines are not what you can walk into any company and purchase easily."
Why not.are they weapons or some top secret technoloy. Shell ,NNPC etc buy them all the time.
If the issue is the manufacturer doubting your ability to pay and asking for a "deposit" then make that clear.
I also question why we are buying from America and Not Europe(Volvo,Mercedes,MAN or DAF). What is the brand of trucks in question??The explanation befuddles rather than enlightens

Whilst there may not have been borrowing.It smells a bit fishy
having said that,the governnment is right to buy fire engines and to prepare for fire accidents and emergencies.I support that and we must not forget the response of Lagos State to the tragic Dana Air Crash last year . I believe it was quite dignified the way bodies were removed and that would not have happened without planning. The purpose of criticism of government should not be about scoring political points alone but also to give helpful feedback

and why should we patronise europe and not america?there are companies that specialise in the manufacture of fire-fighting trucks.the fact that a company produces strong SUVs doesnt means it the right choice for a fire fighting truck.it doesnt even mean they produce the trucks.

what smells fishy?the fact that the US government has a process by which it helps out its indigent companies sell their products overseas?whats so difficult to nderstand about the entire thing?LASG wants to buy fire trucks,Ex-Im will pay for them based on a guarantee already provided by a local bank,LASG will pay to the local bank the money which Ex-Im bank paid to the manufacturer.whats fishy there?

besides,even if a loan was taken to buy fire trucks,why should it become a big deal?the amount in question-$15.7 million is not excessive for 32 fire trucks.the fire trucks are definitely needed in lagos.whether it was a loan or not,LASG should be applauded for taking precautionary measures

What I understand His Excellency to be saying is that Lagos state Government ordered for these fire trucks from the manufacturers and payment was guaranteed by a Nigerian Bank. To my understanding, that is a credit facility granted to Lagos state Government. Strictly speaking, credit facilities by financial institutions are Loans. there are to be paid back at a future date with interests and charges.

aribisala0:
My reading of this deal is the manufacturer is a minor unknown player or one with cashflow problems and Lagos have declined to pay them directly which seems quite diligent to me.The EXIM bank have agreed to advance the Manufacturer the money because they believe that Lagos can and will pay (they will have or should have a contract) and their motivation is to create jobs in their country.
This is why I question why not buy from an established player like Volvo or Mercedes?? my guess is since EXIM is involved there is some politics at play as EXIM is basically US government money.

Correct but what you've done is only to explain the US side of the equation! Try explaining the relationship of the Nigerian bank in the transaction.

I guess when I said “loan” it was a misnomer and should have been “credit”.

Delafruita: and why should we patronise europe and not america?there are companies that specialise in the manufacture of fire-fighting trucks.the fact that a company produces strong SUVs doesnt means it the right choice for a fire fighting truck.it doesnt even mean they produce the trucks.

what smells fishy?the fact that the US government has a process by which it helps out its indigent companies sell their products overseas?whats so difficult to nderstand about the entire thing?LASG wants to buy fire trucks,Ex-Im will pay for them based on a guarantee already provided by a local bank,LASG will pay to the local bank the money which Ex-Im bank paid to the manufacturer.whats fishy there?

besides,even[b] if a loan was taken to buy fire trucks,why should it become a big deal?[/b]the amount in question-$15.7 million is not excessive for 32 fire trucks.the fire trucks are definitely needed in lagos.whether it was a loan or not,LASG should be applauded for taking precautionary measures

There are many reasons why we should patronize Europe. But first what is the name of the chosen Manufacturer That is the more important question.Why is this a secret??.Why does this manufacturer need to have EXIM bank advance or guarantee $15 million surely that is a paltry sum in this business.
The reason for patronizing Europe include the fact that we have a longer history of using their trucks which are cheaper anyway and more familiar to our mechanics. Of course if there is a stronger case for American trucks fair enough let us know the names. Why was the process "closed" it does not apear to have followed a transparent procurement or biddding process.

What smells fishy is that we do not know the name of the company and if I was buying such trucks for my business why would I patronize a company that needs "EXIM" support when there are established players like Volvo etc. There are established American Truck manufacturers but they are smaller companies compared to The Europeans with more expensive trucks but I will be surprised to learn that an American player like MACK eg needs help from EXIM
If a loan was taken to buy a truck why should it be a big deal Are you expecting a response to that from ME?? Did I say it is a big deal? Fashola is the one who came out to say they did not borrow. Anyhow it would be illegal to borrow even $1 without the Federal government's involvement but I do not recall talking about that

You say $15.7 million is not execessive for 32 trucks .I do not know why you are directing that remark at me. Did I say it is excessive. I would not know because I have never bought a fire engine before perhaps you have. I believe though that the process could have been more open so people know exactly what their money is being spent on i.e what brand of truck is being purchased and what alternatives were considered(cost/capability etc) and why this is a good deal for Lagos

Amacaco: What I understand His Excellency to be saying is that Lagos state Government ordered for these fire trucks from the manufacturers and payment was guaranteed by a Nigerian Bank. To my understanding, that is a credit facility granted to Lagos state Government. Strictly speaking, credit facilities by financial institutions are Loans. there are to be paid back at a future date with interests and charges.

EXACTLY why I said a loan was given!

1. Somebody got paid $15M already to supply the trucks to Lagos State. The person who got paid is the manufacturer but where did the money come from? Ex-Im.
2. How is Ex-Im going to get paid? The Nigerian Bank.
3. How is the Nigerian bank going to get paid? Lagos State

BUT keep in mind that before steps 2 and 3 happens, the manufacturer is sitting on $15M and since money does not fall from thin air, somebody got advanced a loan or credit.

Delafruita: and why should we patronise europe and not america?there are companies that specialise in the manufacture of fire-fighting trucks.the fact that a company produces strong SUVs doesnt means it the right choice for a fire fighting truck.it doesnt even mean they produce the trucks.

what smells fishy?the fact that the US government has a process by which it helps out its indigent companies sell their products overseas?whats so difficult to nderstand about the entire thing?LASG wants to buy fire trucks,Ex-Im will pay for them based on a guarantee already provided by a local bank,LASG will pay to the local bank the money which Ex-Im bank paid to the manufacturer.whats fishy there?

besides,even if a loan was taken to buy fire trucks,why should it become a big deal? the amount in question-$15.7 million is not excessive for 32 fire trucks.the fire trucks are definitely needed in lagos.whether it was a loan or not,LASG should be applauded for taking precautionary measures

There are many reasons why we should patronize Europe. But first what is the name of the chosen Manufacturer That is the more important question.Why is this a secret??.Why does this manufacturer need to have EXIM bank advance or guarantee $15 million surely that is a paltry sum in this business.
The reason for patronizing Europe include the fact that we have a longer history of using their trucks which are cheaper anyway and more familiar to our mechanics. Of course if there is a stronger case for American trucks fair enough let us know the names. Why was the process "closed" it does not apear to have followed a transparent procurement or biddding process.

What smells fishy is that we do not know the name of the company and if I was buying such trucks for my business why would I patronize a company that needs "EXIM" support when there are established players like Volvo etc. There are established American Truck manufacturers but they are smaller companies compared to The Europeans with more expensive trucks but I will be surprised to learn that an American player like MACK eg needs help from EXIM

If a loan was taken to buy a truck why should it be a big deal Are you expecting a response to that from ME?? Did I say it is a big deal?
Fashola is the one who came out to say they did not borrow. Anyhow it would be illegal to borrow even $1 without the Federal government's involvement but I do not recall talking about that

You say $15.7 million is not execessive for 32 trucks .I do not know why you are directing that remark at me. Did I say it is excessive. I would not know because I have never bought a fire engine before perhaps you have. I believe though that the process could have been more open so people know exactly what their money is being spent on i.e what brand of truck is being purchased and what alternatives were considered(cost/capability etc) and why this is a good deal for Lagos

aribisala0:
There are many reasons why we should patronize Europe. But first what is the name of the chosen Manufacturer That is the more important question.Why is this a secret??.Why does this manufacturer need to have EXIM bank advance or guarantee $15 million surely that is a paltry sum in this business.
The reason for patronizing Europe include the fact that we have a longer history of using their trucks which are cheaper anyway and more familiar to our mechanics. Of course if there is a stronger case for American trucks fair enough let us know the names. Why was the process "closed" it does not apear to have followed a transparent procurement or biddding process.

What smells fishy is that we do not know the name of the company and if I was buying such trucks for my business why would I patronize a company that needs "EXIM" support when there are established players like Volvo etc. There are established American Truck manufacturers but they are smaller companies compared to The Europeans with more expensive trucks but I will be surprised to learn that an American player like MACK eg needs help from EXIM

It is very obvious that you've never conducted an international business transaction that involves large sum of money. What happened here is just like a letter of credit (LC); something completely mundane in the international business world!

Also, do you think the manufacturer will manufacture his own engine? I can almost guarantee that the fire truck will have a Ford or Mack engine and Alliston transmission.

Wallie:

It is very obvious that you've never conducted an international business transaction that involves large sum of money. What happened here is just like a letter of credit (LC); something completely mundane in the international business world!

Also, do you think the manufacturer will manufacture his own engine? I can almost guarantee that the fire truck will have a Ford or Mack engine and Alliston transmission.

You are right I have not.To be honest I have never conducted a local business involving a small sum of money or any other business involving money. But I pay tax and I vote. Please explain me? what is this Letter of Credit thing and who is issuing it here to whom?
Is conducting international business transactions that involve large sums of money a prerequisite qualification for a voter to ask his elected representative questions?
What relevance is it to us whether Ford ,Mack ,Macdonalds, KFC or Google makes the Engines
My post was in reponse to Wheteher or not they should purchase American Trucks. I do not quite get why gou are responding by quoting me.There is NO RELATIONSHIP between what you quoted and your response . Really I am puzzled

aribisala0:
There are many reasons why we should patronize Europe. But first what is the name of the chosen Manufacturer That is the more important question.Why is this a secret??.Why does this manufacturer need to have EXIM bank advance or guarantee $15 million surely that is a paltry sum in this business.
The reason for patronizing Europe include the fact that we have a longer history of using their trucks which are cheaper anyway and more familiar to our mechanics. Of course if there is a stronger case for American trucks fair enough let us know the names. Why was the process "closed" it does not apear to have followed a transparent procurement or biddding process.

What smells fishy is that we do not know the name of the company and if I was buying such trucks for my business why would I patronize a company that needs "EXIM" support when there are established players like Volvo etc. There are established American Truck manufacturers but they are smaller companies compared to The Europeans with more expensive trucks but I will be surprised to learn that an American player like MACK eg needs help from EXIM
If a loan was taken to buy a truck why should it be a big deal Are you expecting a response to that from ME?? Did I say it is a big deal? Fashola is the one who came out to say they did not borrow. Anyhow it would be illegal to borrow even $1 without the Federal government's involvement but I do not recall talking about that

You say $15.7 million is not execessive for 32 trucks .I do not know why you are directing that remark at me. Did I say it is excessive. I would not know because I have never bought a fire engine before perhaps you have. I believe though that the process could have been more open so people know exactly what their money is being spent on i.e what brand of truck is being purchased and what alternatives were considered(cost/capability etc) and why this is a good deal for Lagos

you want to know the manufactrer?ok then.read on

W.S. DARLEY CELEBRATES 100 YEARS

Since 1908, Darley has been dedicated to serving the World's Fire and Emergency Services. Our corporate headquarters are located at 325 Spring Lake Drive in Itasca, IL 60143, and our manufacturing, engineering and research and development operations are in Chippewa Falls, Wisconsin and Toledo, Oregon.


W.S. Darley & Co. has purchased a new headquarters in Itasca, IL. The new facility is over 40,000 sq feet and is located about 10 minutes from their previous headquarters in Melrose Park, IL. According to company president Paul C. Darley, "We had been in our previous building for almost 50 years. Our business is growing, and this new state-of-the-art facility has almost double the amount of space that we had in our Melrose Park headquarters. This new building also better reflects our corporate image as we move into our next 100 years of business. It will allow us to continue to expand our business to better serve the needs of our growing customer base." Darley is currently making some improvements to the building and will move into the new facility in January, 2008. The new building is located at 325 Spring Lake Drive in Itasca, IL 60143. All telephone numbers will remain unchanged.

We remain a family owned and operated business committed to customer service and our employees. Company operations are overseen by the executive committee consisting of three Chief Operating Officers, Jeff, Paul and Peter Darley, The Chief Executive Officer is Bill Darley and he is certified engineer and has been with our company for over 50 years. He is one of the most respected individuals in the fire service due to his commitment and integrity. He served as President of the Fire Apparatus Manufacturers Association and currently serves on several corporate and charity boards.

Our entire company is committed to customer satisfaction. We are dedicated to excellence and offer a diverse line of quality products and services through progressive design, manufacturing and distribution.


W. S. Darley & Co.'s involvement in the Fire Industry spans over a century and four generations of Darleys. They not only have a rock solid reputation for building quality products, but also for building strong relationships with Fire Fighting Organizations around the world. Darley draws their strength from being a financially stable company with a unique industry position. Darley builds Fire Trucks, manufactures Champion Fire Pumps and sells Fire Fighting and Emergency Equipment through its international catalog. Nowhere else will you find a company as dedicated to the Fire Industry. All this experience comes from a company that cares - W. S. Darley & Co. is customer driven.


EQUIPMENT

Darley offers thousands of products available through a variety of catalogs. The 2012 fire catalog includes over 200 new items, with even more being added to our website, www.edarley.com.Domestic preparedness has become an important focus for many of our customers. We've listened to your needs and have increased the selection of de-contamination shelters, portable showers, and protective apparel to help you deal with virtually any potential threat.

PUMPS

Whatever your fire fighting needs, Darley has the right pump to do the job. We offer portables, floating, high-lift booster, CAFS, PTO, engine driven, front mount, and midship pumps with flows from 60 to 2500 GPM and pressures to 1200 PSI. In addition, all Darley midship pumps are UL ratable and meet NFPA requirements. From the smallest skid-mount to the chassis mounted midships, every Darley pump is designed for fast, efficient and safe operation.

APPARATUS

Darley & Co. offers a full range of apparatus, including mini-pumpers, tankers, commercial and custom pumpers. Darley is known for building specialized apparatus that often includes compressed air foam systems and co-polymer bodies. These features are evident in Darley's premier program series apparatus, which is called "The FireTruck". You can expect an unmatched level of quality and service from Darley's entire line of vehicles.

PUMP SYSTEMS

Darley combines its unique strength as a builder of both pumps and apparatus by offering a line of pump systems. A wide variety of pump systems are available including top and side operated, midship and PTO driven pumps. The systems often include specialized features such as "Vision Series" panels complete with "One Touch Controls". All of our systems are designed to be easy to operate and easy to maintain.

AutoCAFS

Compressed Air Foam Systems (CAFS) provide superior firefighting capabilities offering quicker knockdown and improved personnel and structural protection. Darley's AutoCAFS compressed air foam systems are the choice of informed firefighting professionals across the country and around the world. Engineered for simplicity and performance, these systems are known for their reliability and high quality.

ODIN FOAM DIVISION

Odin Foam Division is the world’s leader in Compressed Air Foam Systems (CAFS) research and development. At Odin, we produce the safest and most reliable CAFS of any manufacturer today. Odin is based in Toledo, Oregon and is now a division of Darley Company. Odin is one of the oldest and most experienced manufacturers of Compressed Air Foam Systems. Odin Company has fought fires under contract with various organizations. Having first hand experience in firefighting gives Odin and Darley the knowledge of what works best when it comes to engine driven Compressed Air Foam Systems.OHLER PUMPS

W.S. Darley & Co. is proud to announce the asset purchase of Ohler Machinery Company. Ohler is located in Janesville, Iowa and was established in 1947 by Ralph G. Ohler.Marketed under the brand Ohler Pumps, this innovative company has produced thousands of pumps for the U.S. Military, U.S. Coast Guard as well as pumps and related equipment for the agricultural, industrial, mining and marine industries.Ohler Machinery is the maker of dependable, rugged and powerful centrifugal pumps, ranging from 1" to 6". We supply the agricultural, mining, and construction industries with a wide variety of pumps for many different applications. Ohler Machinery also does metal fabrication for numerous customers as well as the government. Ohler is manufacturing 2,300 refueling and potable water transfer pumps for the U.S. Marine Corps.

PolyBilt

In 2001, Darley partnered with ProPoly Inc. to start a new Company, Polybilt LLC. PolyBilt has been manufacturing the latest state-of-the-art truck products and bodies for "The FireTruck" market and is positioned to provide a variety products for the commercial truck market as well. We took the same science of the Poly Water Tank, including patented Bent Edge(TM) features which revolutionized the fire industry with maintenance-free water and foam tanks, and designed the ultimate in fire truck body design. Polyprene(TM) provides for years of trouble-free service life and will not rust or corrode. Also, unlike other materials such as aluminum and steel, our material will not ding, dent or crack.

SERVICE AND SUPPORT


Darley has the plants, engineering and machinery to design, manufacture and assemble a wide variety of fire and emergency products.

Our engineering staff includes certified and professional engineers. Our company utilizes the latest in Computer Aided Design (CAD), and Computer Aided Manufacturing (CAM) to ensure that all manufacturing designs are completely incorporated within the manufacturing process.

Our dealer and service network consists of over 200 U.S. distributors in all 50 states. We have more than 50 International dealers located in over 40 countries. Our products are found in more than 70 countries around the world. Parts and services are also directly available from our plants with the convenience of toll-free numbers, fax and telex. Our goal is to ship replacement parts within 24 hours after receipt of order.


EXTENSIVE EXPERIENCE

W. S. Darley & Co. has been supplying apparatus, pumps and firefighting equipment to the United States Federal Government as well as other governments and agencies around the world for over 60 years. During World War II, we received the Army/Navy E Award for excellence three times, producing thousands of centrifugal fire pumps for military bases around the world. Many of these pumps are still in service today. Each year we are awarded hundreds of federal government contracts primarily for supplies from our fire fighting, law enforcement and municipal supplies catalogs. Following are some major orders received in recent years:

500 HM pumps for Saudi Arabia Civil Defense
43 PSR 1000 Ghana National Fire Service
60 Floating Dolphin Pumps for Indonesia 2002
112 PSM for Saudi Arabia 2002
2100 P-100 pumps for US Navy 1996-2002
30 HE500 for CFS Australia 2001
35 P-100 pumps for Brazilian Navy 2001
40 P-100 pumps for Spanish Navy 2001
150 Floating Dolphin Pumps for Malaysia 1999
650 2BE for Manila Philippines 95-96
50 HH for U.S. Navy
141 SP/SPR/2BE for Taiwan 91-92
122 HE/KSP 1-1/2 for Australia 93-95
405 HM & KSM for USAF Tankers 86-87
80 HM for New Zealand 91
229 LDM for USAF Structural Trucks 91-97
1350 2BE for U.S. Navy 95-97
120 JMP for California Forestry 91-97
175 2BE 6.5 H U.S. Coast Guard 98-00

take note of the bolded.those are other supplies they have done in past times

aribisala0:
There are many reasons why we should patronize Europe. But first what is the name of the chosen Manufacturer That is the more important question.Why is this a secret??.Why does this manufacturer need to have EXIM bank advance or guarantee $15 million surely that is a paltry sum in this business.
The reason for patronizing Europe include the fact that we have a longer history of using their trucks which are cheaper anyway and more familiar to our mechanics. Of course if there is a stronger case for American trucks fair enough let us know the names. Why was the process "closed" it does not apear to have followed a transparent procurement or biddding process.

What smells fishy is that we do not know the name of the company and if I was buying such trucks for my business why would I patronize a company that needs "EXIM" support when there are established players like Volvo etc. There are established American Truck manufacturers but they are smaller companies compared to The Europeans with more expensive trucks but I will be surprised to learn that an American player like MACK eg needs help from EXIM

HOW DOES THE ABOVE RELATE TO WHAT FOLLOWS

Wallie:

It is very obvious that you've never conducted an international business transaction that involves large sum of money. What happened here is just like a letter of credit (LC); something completely mundane in the international business world!

Also, do you think the manufacturer will manufacture his own engine? I can almost guarantee that the fire truck will have a Ford or Mack engine and Alliston transmission.

Delafruita:

you want to know the manufactrer?ok then.read on

W.S. DARLEY CELEBRATES 100 YEARS

Since 1908, Darley has been dedicated to serving the World's Fire and Emergency Services. Our corporate headquarters are located at 325 Spring Lake Drive in Itasca, IL 60143, and our manufacturing, engineering and research and development operations are in Chippewa Falls, Wisconsin and Toledo, Oregon.


W.S. Darley & Co. has purchased a new headquarters in Itasca, IL. The new facility is over 40,000 sq feet and is located about 10 minutes from their previous headquarters in Melrose Park, IL. According to company president Paul C. Darley, "We had been in our previous building for almost 50 years. Our business is growing, and this new state-of-the-art facility has almost double the amount of space that we had in our Melrose Park headquarters. This new building also better reflects our corporate image as we move into our next 100 years of business. It will allow us to continue to expand our business to better serve the needs of our growing customer base." Darley is currently making some improvements to the building and will move into the new facility in January, 2008. The new building is located at 325 Spring Lake Drive in Itasca, IL 60143. All telephone numbers will remain unchanged.

We remain a family owned and operated business committed to customer service and our employees. Company operations are overseen by the executive committee consisting of three Chief Operating Officers, Jeff, Paul and Peter Darley, The Chief Executive Officer is Bill Darley and he is certified engineer and has been with our company for over 50 years. He is one of the most respected individuals in the fire service due to his commitment and integrity. He served as President of the Fire Apparatus Manufacturers Association and currently serves on several corporate and charity boards.

Our entire company is committed to customer satisfaction. We are dedicated to excellence and offer a diverse line of quality products and services through progressive design, manufacturing and distribution.


W. S. Darley & Co.'s involvement in the Fire Industry spans over a century and four generations of Darleys. They not only have a rock solid reputation for building quality products, but also for building strong relationships with Fire Fighting Organizations around the world. Darley draws their strength from being a financially stable company with a unique industry position. Darley builds Fire Trucks, manufactures Champion Fire Pumps and sells Fire Fighting and Emergency Equipment through its international catalog. Nowhere else will you find a company as dedicated to the Fire Industry. All this experience comes from a company that cares - W. S. Darley & Co. is customer driven.


EQUIPMENT

Darley offers thousands of products available through a variety of catalogs. The 2012 fire catalog includes over 200 new items, with even more being added to our website, www.edarley.com.Domestic preparedness has become an important focus for many of our customers. We've listened to your needs and have increased the selection of de-contamination shelters, portable showers, and protective apparel to help you deal with virtually any potential threat.

PUMPS

Whatever your fire fighting needs, Darley has the right pump to do the job. We offer portables, floating, high-lift booster, CAFS, PTO, engine driven, front mount, and midship pumps with flows from 60 to 2500 GPM and pressures to 1200 PSI. In addition, all Darley midship pumps are UL ratable and meet NFPA requirements. From the smallest skid-mount to the chassis mounted midships, every Darley pump is designed for fast, efficient and safe operation.

APPARATUS

Darley & Co. offers a full range of apparatus, including mini-pumpers, tankers, commercial and custom pumpers. Darley is known for building specialized apparatus that often includes compressed air foam systems and co-polymer bodies. These features are evident in Darley's premier program series apparatus, which is called "The FireTruck". You can expect an unmatched level of quality and service from Darley's entire line of vehicles.

PUMP SYSTEMS

Darley combines its unique strength as a builder of both pumps and apparatus by offering a line of pump systems. A wide variety of pump systems are available including top and side operated, midship and PTO driven pumps. The systems often include specialized features such as "Vision Series" panels complete with "One Touch Controls". All of our systems are designed to be easy to operate and easy to maintain.

AutoCAFS

Compressed Air Foam Systems (CAFS) provide superior firefighting capabilities offering quicker knockdown and improved personnel and structural protection. Darley's AutoCAFS compressed air foam systems are the choice of informed firefighting professionals across the country and around the world. Engineered for simplicity and performance, these systems are known for their reliability and high quality.

ODIN FOAM DIVISION

Odin Foam Division is the world’s leader in Compressed Air Foam Systems (CAFS) research and development. At Odin, we produce the safest and most reliable CAFS of any manufacturer today. Odin is based in Toledo, Oregon and is now a division of Darley Company. Odin is one of the oldest and most experienced manufacturers of Compressed Air Foam Systems. Odin Company has fought fires under contract with various organizations. Having first hand experience in firefighting gives Odin and Darley the knowledge of what works best when it comes to engine driven Compressed Air Foam Systems.OHLER PUMPS

W.S. Darley & Co. is proud to announce the asset purchase of Ohler Machinery Company. Ohler is located in Janesville, Iowa and was established in 1947 by Ralph G. Ohler.Marketed under the brand Ohler Pumps, this innovative company has produced thousands of pumps for the U.S. Military, U.S. Coast Guard as well as pumps and related equipment for the agricultural, industrial, mining and marine industries.Ohler Machinery is the maker of dependable, rugged and powerful centrifugal pumps, ranging from 1" to 6". We supply the agricultural, mining, and construction industries with a wide variety of pumps for many different applications. Ohler Machinery also does metal fabrication for numerous customers as well as the government. Ohler is manufacturing 2,300 refueling and potable water transfer pumps for the U.S. Marine Corps.

PolyBilt

In 2001, Darley partnered with ProPoly Inc. to start a new Company, Polybilt LLC. PolyBilt has been manufacturing the latest state-of-the-art truck products and bodies for "The FireTruck" market and is positioned to provide a variety products for the commercial truck market as well. We took the same science of the Poly Water Tank, including patented Bent Edge(TM) features which revolutionized the fire industry with maintenance-free water and foam tanks, and designed the ultimate in fire truck body design. Polyprene(TM) provides for years of trouble-free service life and will not rust or corrode. Also, unlike other materials such as aluminum and steel, our material will not ding, dent or crack.

SERVICE AND SUPPORT


Darley has the plants, engineering and machinery to design, manufacture and assemble a wide variety of fire and emergency products.

Our engineering staff includes certified and professional engineers. Our company utilizes the latest in Computer Aided Design (CAD), and Computer Aided Manufacturing (CAM) to ensure that all manufacturing designs are completely incorporated within the manufacturing process.

Our dealer and service network consists of over 200 U.S. distributors in all 50 states. We have more than 50 International dealers located in over 40 countries. Our products are found in more than 70 countries around the world. Parts and services are also directly available from our plants with the convenience of toll-free numbers, fax and telex. Our goal is to ship replacement parts within 24 hours after receipt of order.


EXTENSIVE EXPERIENCE

W. S. Darley & Co. has been supplying apparatus, pumps and firefighting equipment to the United States Federal Government as well as other governments and agencies around the world for over 60 years. During World War II, we received the Army/Navy E Award for excellence three times, producing thousands of centrifugal fire pumps for military bases around the world. Many of these pumps are still in service today. Each year we are awarded hundreds of federal government contracts primarily for supplies from our fire fighting, law enforcement and municipal supplies catalogs. Following are some major orders received in recent years:

500 HM pumps for Saudi Arabia Civil Defense
43 PSR 1000 Ghana National Fire Service
60 Floating Dolphin Pumps for Indonesia 2002
112 PSM for Saudi Arabia 2002
2100 P-100 pumps for US Navy 1996-2002
30 HE500 for CFS Australia 2001
35 P-100 pumps for Brazilian Navy 2001
40 P-100 pumps for Spanish Navy 2001
150 Floating Dolphin Pumps for Malaysia 1999
650 2BE for Manila Philippines 95-96
50 HH for U.S. Navy
141 SP/SPR/2BE for Taiwan 91-92
122 HE/KSP 1-1/2 for Australia 93-95
405 HM & KSM for USAF Tankers 86-87
80 HM for New Zealand 91
229 LDM for USAF Structural Trucks 91-97
1350 2BE for U.S. Navy 95-97
120 JMP for California Forestry 91-97
175 2BE 6.5 H U.S. Coast Guard 98-00

take note of the bolded.those are other supplies they have done in past times

So what is the name of the manufacturer?

aribisala0:

You are right I have not.To be honest I have never conducted a local business involving a small sum of money or any other business involving money. But I pay tax and I vote. Please explain me? what is this Letter of Credit thing and who is issuing it here to whom?
Is conducting international business transactions that involve large sums of money a prerequisite qualification for a voter to ask his elected representative questions?
What relevance is it to us whether Ford ,Mack ,Macdonalds, KFC or Google makes the Engines
My post was in reponse to Wheteher or not they should purchase American Trucks. I do not quite get why gou are responding by quoting me.There is NO RELATIONSHIP between what you quoted and your response . Really I am puzzled

lets use a simple analogy.Mr. A is a nigerian businessman who owns a company that exports crude oil.Mr. B is a foreigner who wants to purchase about 50,000 barrels of crude oil.when Mr A and B have agreed on terms of the deal,Mr B's foreign bank would forward a letter of credit to Mr. A's bank or alternatively,mr B's bank will issue him with a bank guarantee which would be presented to Mr A's bank.the LC and BG simply stand in lieu of the cash at that point of the deal.when Mr. A supplies the crude and Mr B acknowledges,then MR b's bank will convert the LC or GB into cash and transfer it to Mr A's bank for onward payment to MR A.however,before MR nB's bank will issue an LC or a BG,they would have confirmed that MR B has the required amount to conclude the deal or that he has the collateral to cover a loan facility for the deal.its the way business is done

Delafruita: lets use a simple analogy.Mr. A is a nigerian businessman who owns a company that exports crude oil.Mr. B is a foreigner who wants to purchase about 50,000 barrels of crude oil.when Mr A and B have agreed on terms of the deal,Mr B's foreign bank would forward a letter of credit to Mr. A's bank or alternatively,mr B's bank will issue him with a bank guarantee which would be presented to Mr A's bank.the LC and BG simply stand in lieu of the cash at that point of the deal.when Mr. A supplies the crude and Mr B acknowledges,then MR b's bank will convert the LC or GB into cash and transfer it to Mr A's bank for onward payment to MR A.however,before MR nB's bank will issue an LC or a BG,they would have confirmed that MR B has the required amount to conclude the deal or that he has the collateral to cover a loan facility for the deal.its the way business is done

Sorry I don't get it can you explain better? Who is Mr A

aribisala0:
So what is the name of the manufacturer?

seems you need stronger lenses to see W S darley& co

aribisala0:
Sorry I don't get it can you explain better? Who is Mr A

read again

Delafruita: seems you need stronger lenses to see W S darley& co

So why did you not just say that naa

aribisala0:
That is not true.I am not here to hold brief for Lagos state.If the explanation by Fashola is correct they are not borrowing.If Fashola is lying which he may well be then they are. I think you are misunderstanding the explanation or perhaps have information that he is lying which you can share. I have already criticized the arrangement but that does not mean we must lose objectivity.The arrangement between Exim and this UNNAMED manufacturer is a bilateral one not a triangular one. I do not know the details of this deal except what I have read on this thread. Lagos state is not borrowing $15 million to fund this deal. Now lagos has a deficit budget this year and will borrow billions of naira and raise billions too. Can we say the borrowed was spent on this and the generated was spent on that .That will be impossible. So it will just be as accurate to say Lagos borrowed money to buy diesel, petrol or Lastma uniforms. The only time we can say that is when borrowing is linked to a specific spend.If that is the case here please tell us who it is that is lending Lagos the 15 million
My reading of this deal is the manufacturer is a minor unknown player or one with cashflow problems and Lagos have declined to pay them directly which seems quite diligent to me.The EXIM bank have agreed to advance the Manufacturer the money because they believe that Lagos can and will pay (they will have or should have a contract) and their motivation is to create jobs in their country.
This is why I question why not buy from an established player like Volvo or Mercedes?? my guess is since EXIM is involved there is some politics at play as EXIM is basically US government money.

Sounds like you are just bent on arguing and looking for anything to argue against.

1. The company is not unknown, the name us in the original article, its WS Darley based in Illinois, USA and they've been around since 1920. Go to their website and see what they do.

2. A lot goes into buying major items like fire engines. Maybe apart from selling good products, this company offers the best cost saving before and after sales support program like training, repairs, parts supplies and so on. Obviously, they sat.in a room and settled to buy from this company with not only almost 100 years of experience and reputation in the business, but also because of the other factors I listed.

3. Fire trucks are not like cars that you make a million of and place them in show room. They cost too much to make and the market is not like car market. Making hundreds or thousands of fire and stick.them in a parking lot.while waiting for municipalities who are the only buyers to show up and buy, its called tying money and resources down, it makes no good business sense and no company does that. With this kind of items, you have to place your other and put money down as intent to buy.

4. The governor said they did not borrow money money. Period.

5. If after the basic and easy to understand explanation by the governor your are still confused, then its either you are arguing just for the heck of it or understanding basic stuff is a challenge as far as you are concerned.

I don't even see what's fishy here because this is pretty much straight forward. Stop confusing and whipping yourself up for no reason.

Delafruita: read again

Ok I still do not understand.

aribisala0:
You are right I have not.To be honest I have never conducted a local business involving a small sum of money or any other business involving money.

That's ok!

aribisala0:
But I pay tax and I vote. Please explain me? what is this Letter of Credit thing and who is issuing it here to whom?

I didn't say it is a Letter of Credit but LIKE a Letter of Credit. It is all about managing risks.

1. Ex-Im has a policy of facilitating international transactions involving US companies and foreign clients.
2. Seller does not know or trust Buyer and vice versa.
3. The easiest way to facilitate the transaction is to get parties that know each other to transact.
4. Ex-Im knows Nigerian banks and Seller.
5. Nigerian Bank knows Buyer.
6. Seller gets Ex-Im involved and Buyer gets his Nigerian bank involved.
7. Banks talk.
8. Ex-Im advances loan to Seller (policy) that is guaranteed by Nigerian bank.
9. Nigerian bank now owes Ex-Im $15m if Buyer does not pay Seller $15m on time.

aribisala0:
Is conducting international business transactions that involve large sums of money a prerequisite qualification for a voter to ask his elected representative questions?

No. I wish people asked more questions!

aribisala0:
What relevance is it to us whether Ford ,Mack ,Macdonalds, KFC or Google makes the Engines

In your earlier post, you said Lagos should have approached "Volvo, Mercedes, MAN or DAF" and asked about the brand in question. I merely tried to point out that the internals of the trucks in question were mostly likely to be from well known manufacturers.

Any more questions?

babapupa:

Sounds like you are just bent on arguing and looking for anything to argue against.

1. The company is not unknown, the name us in the original article, its WS Darley based in Illinois, USA and they've been around since 1920. Go to their website and see what they do.

2. A lot goes into buying major items like fire engines. Maybe apart from selling good products, this company offers the best cost saving before and after sales support program like training, repairs, parts supplies and so on. Obviously, they sat.in a room and settled to buy from this company with not only almost 100 years of experience and reputation in the business, but also because of the other factors I listed.

3. Fire trucks are not like cars that you make a million of and place them in show room. They cost too much to make and the market is not like car market. Making hundreds or thousands of fire and stick.them in a parking lot.while waiting for municipalities who are the only buyers to show up and buy, its called tying money and resources down, it makes no good business sense and no company does that. With this kind of items, you have to place your other and put money down as intent to buy.

4. The governor said they did not borrow money money. Period.

5. If after the basic and easy to understand explanation by the governor your are still confused, then its either you are arguing just for the heck of it or understanding basic stuff is a challenge as far as you are concerned.

I don't even see what's fishy here because this is pretty much straight forward. Stop confusing and whipping yourself up for no reason.

You have directed too many remarks at me and so I ask what I normally ask in this situation if your father has a different perspective from you will you say he is arguing for the sake of it ?? Or tell him to stop confusing himself.? Then why address me,a stranger,like that and expect me to be civil to you?

You are free to disagree with my opinions but not free to express offensive opinions about me. My reaction is ALWAYS unequal and disproportionate

Generally I debate with people who are civil and courteous if you cannot do that just avoid me because we will end up derailing the thread. Civilized debates leave everyone's dignity intact the converse is equally true. You do not have superior opinions as soon as you realise that life becomes a lot easier

aribisala0:
HOW DOES THE ABOVE RELATE TO WHAT FOLLOWS

Funny! I never thought I could lose you in an argument especially when my response directly answers question you quoted! Abi, I only have to respond to what you explicitly stated and not what's insinuated? Keep up, man!

You said:

aribisala0:
There are many reasons why we should patronize Europe. But first what is the name of the chosen Manufacturer That is the more important question.Why is this a secret??.Why does this manufacturer need to have EXIM bank advance or guarantee $15 million surely that is a paltry sum in this business.
The reason for patronizing Europe include the fact that we have a longer history of using their trucks which are cheaper anyway and more familiar to our mechanics. Of course if there is a stronger case for American trucks fair enough let us know the names. Why was the process "closed" it does not apear to have followed a transparent procurement or biddding process.

What smells fishy is that we do not know the name of the company and if I was buying such trucks for my business why would I patronize a company that needs "EXIM" support when there are established players like Volvo etc. There are established American Truck manufacturers but they are smaller companies compared to The Europeans with more expensive trucks but I will be surprised to learn that an American player like MACK eg needs help from EXIM

And I responded with:

Wallie:

It is very obvious that you've never conducted an international business transaction that involves large sum of money. What happened here is just like a letter of credit (LC); something completely mundane in the international business world!

Also, do you think the manufacturer will manufacture his own engine? I can almost guarantee that the fire truck will have a Ford or Mack engine and Alliston transmission.

We are not "e-fighting" today, aribisala0; at least, not yet!

aribisala0:


You have directed too many remarks at me and so I ask what I normally ask in this situation if your father has a different perspective from you will you say he is arguing for the sake of it ?? Or tell him to stop confusing himself.? Then why address me,a stranger,like that and expect me to be civil to you?

You are free to disagree with my opinions but not free to express offensive opinions about me. My reaction is ALWAYS unequal and disproportionate

Generally I debate with people who are civil and courteous if you cannot do that just avoid me because we will end up derailing the thread.

1. You are not my father and I was not talking to my father.

2. You are talking about civility, but please tell what's so civil about inserting parents into a normal internet discussion? Look in the mirror first before pointing fingers.

3. Yes you are arguing with yourself because you failed to read and comprehend simple words staring at you.

4. A little reading and Comprehension would have sufficed instead of having people here to point out things to you and instead of saying thanks, you are throwing tantrums, getting defensive and playing victim.

Wallie:

Funny! I never thought I could lose you in an argument especially when my response directly answers question you quoted! Abi, I only have to respond to what you explicitly stated and not what's insinuated? Keep up, man!

You said:



And I responded with:



We are not "e-fighting" today, aribisala0; at least, not yet!

You are the one that needs to keep up

A letter of credit would be issued by the purchaser's bank with whom the purchaser has a relationship. ie a bank on behalf of Lagos. Lagos has no relationship with Exim bank and if it is NOT a loan as Fashola has stated Exim have no contract with Lagos state. This is more of a subsidy to the seller and nothing to do with Lagos state and that is why I raised the question why does this firm need that kind of government aid for a "paltry" deal.It is clear Lagos has its own bankers who are issuing a letter of credit and the manufacturer still do not have the money to do the deal(manufacture) or cannot afford to borrow at commercial rates and are getting a SUBSIDY. Major players like Volvo or DAF etc would not need this kind of AID which makes me think the cost would be higher because a smaller firm would have less market power and tend to pay more for the same components than bigger players.
By the way Volvo owns Mack and Mack use Cummins Engines.
Exim bank has not issued Lagos a letter of credit let us be clear on that what they have done is NOT like a letter of credit because Lagos state is NOT in the loop. It is a SUBSIDY