Bonga Operational Insurance Policies

• Country: Nigeria
• Summary: Bonga Operational Insurance Policies
• NGT Ref No: 59085606
• Deadline: 08 Nov 2021
• Financier: Self Financed
• Purchaser Ownership: Government
• Tender Value: Refer Document
• Notice Type: Tender
• Document Ref. No.: CW532733
• Purchaser's Detail:
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• Description:
• Tenders are invited for Bonga Operational Insurance Policies The scope of the works shall include, but not limited to the following: The Insurance would cover physical loss and, or damage to the Assets, and third-party liabilities risks. The Insurer shall retain 70 percent of the risk in Nigeria. The Insurer will liaise with the appointed local Broker for the purpose of good underwriting, claims administration, policy documentation, renewals, endorsement etc. Any Insurance Company seeking to be selected must satisfy the following conditions: (1) Be a Limited Liability Company registered in Nigeria and licensed by the National Insurance Commission (NAICOM) to transact General Insurance Business. (2) Have a net asset of not less than N3billion as per its last published Accounts for its general business (3) Have acquired good experience in Oil and Gas insurance business. (4) Have adequate and qualified staff with experience in Oil and Gas Insurance business. (5) Must be in good standing as regards prompt settlement of all claims reported to date. (6) Must be a good corporate citizen of Nigeria that pays its taxes as and when due. The interested Insurer must have the following documents: (1) A certified true copy of the Corporate Affairs Commission (CAC) of the company-s Certificate of Incorporation (2) A certified true copy by NAICOM of the Company-s License as an Insurer to transact Life and/or general insurance business. (3) Current registration with the Department of Petroleum Resources (DPR) (4) Documentation/evidence demonstrating experience in similar Oil and Gas insurance cover that Insurer has provided in the last Three (3) years (2018 to 2020), including clients names and dates of cover (please attach copies of participation slips). (5) Provide company profile indicating Nigerian Shareholding, Company-s financial details, and published annual Report and Accounts for the past Three (3) years (2018 to 2020) (6) Evidence of remitting NCD fee (with receipt) for the previous underwriting years (7) Evidence of NAICOM-s approval of Annual Returns and Accounts for previous underwriting year. (8) A profile of Six (6) top management staff of the Company with their qualifications and tuna nee working experience in Oil and Gas insurance business. (9) Provide evidence of qualified professional staff and training plans, and Industrial Training Fund (ITF) levy payments. (10) In case of Joint venture, an attached copy of the Joint Venture agreement and details of the Interest of each of the Joint Venture partner, the role of each party clearly indicated. (11) A signed Declaration by the Chief Executive Officer that the Company has settled discharged claims. (12) A Company-s Tax Clearance certificates for the past Three (3) years (2018 to 2020). (13) Company-s VAT registration and payment (remittance) details. (14) Give brief description of re-insurance strategy and provide names, telephone, fax numbers and e-mail address. (15) Provide relevant information of two (2) contact persons: name, telephone, fax numbers and e-mail address. (16) Certificate true copy of NAICOM approval of Recapitalization and Consolidation to continue to transact insurance business within the Federal Republic of Nigeria. (17) Current registration with NSITF Board and evidence of payment of monthly Employees compensation levy. (18) Evidence of Group life Insurance Compliance certificate for its own employees (19) Certificate of compliance from the Pensions Commission (PENCOM) Mandatory: (1) To be eligible for this tender exercise, interested contractor are required to be pre-qualified as essential service vendor in 3.1 4.07_Non-Life Insurance Services category in NipeX Joint Qualification System (NJQS) data base. All successfully pre-qualified suppliers in this category will receive an Invitation to Technical Tender (ITT). (2) To determine if you are pre-qualified and view the product/service category you are listed for, open www.nipexng.com and access NJQS with your login details, click on continue Joint Qualification Scheme tool, click check my supplier status and then click supplier product group. (3) If you are not listed in a product/service category you are registered with DPR to do business, contact NipeX office at 30, Oyinkan Abayomi Street, Ikoyi, Lagos with your DPR certificate as evidence for verification and necessary update. (4) To initiate the JQS prequalification process, access www.nipexng.com to download the application form, make necessary payments and contact NipeX office for further action. (5) To be eligible, all tenders must comply with Ihe Nigerian Content Requirements in the NipeX system Note: (1) All costs incurred in preparing and processing NJQS prequalification shall be to contractor-s accounts. (2) This advertisement shall neither be construed as any form of commitment on the part of SNEPCo to award any contract to any company and or associated companies, sub-contractors or agents, nor shall it entitle prequalified companies to make any indemnity from SNEPCo and or any of its partners by virtue of such companies having prequalified in NJQS. (3) SNEPCo will communicate only with authorized officers of the pre-qualification companies and NOT through individuals or Agents.
• Documents:

 Tender Notice