Lead Insurer for NNPC Ltd Oil Assets and Liabilities

• Country: Nigeria
• Summary: Lead Insurer for NNPC Ltd Oil Assets and Liabilities
• NGT Ref No: 72331024
• Deadline: 27 Oct 2022
• Financier: Self Financed
• Purchaser Ownership: Government
• Tender Value: Refer Document
• Notice Type: Tender
• Document Ref. No.:
• Purchaser's Detail:
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• Description:
• Tenders are invited for Lead Insurer for NNPC Ltd Oil Assets and Liabilities for the Year 2023/2024 All interested Insurance companies seeking to be considered must satisfy the following eligibility and qualification criteria: A. Be a Limited Liability Company registered with the Corporate Affairs Commission (CAC) in Nigeria and licensed by the National Insurance Commission (NAICOM) to transact life or General Insurance business. B. Have a minimum paid up capital as approved by NAICOM for the different classes of insurance C. Be a good corporate citizen of Nigeria that pays its taxes as and when due. D. Fulfill all statutory requirements to operate as an insurer in the Nigerian Oil and Gas Industry. In compliance with the NNPC LTD Supply Chain Management Policies and Procedures, NNPC LTD hereby invites qualified Insurers interested in this bid to submit the following documents as evidence to satisfy A to D above 1. Certified True Copy of the Certificate of Incorporation obtained from the Corporate Affairs Commission within the last twelve months ending November 2022 and CAC form CO2 (statement of share capital and return of allotment) and CO7 (particulars of Directors). 2. Certified True Copy of the National insurance Commission (NAICOM) of the company-s current license to operate as an insurer to transact the class of business within the last twelve months ending November 2022. 3. Company NAICOM Approved and Published Annual Accounts and reports for the years ending 2019, 2020 and 2021. 4. NAICOM approval of Annual Audited Accounts and returns for underwriting year ending 31st December, 2021 5. Copy of the Tax Clearance Certificate issued by the Federal Inland Revenue Service for the past three (3) years 2019, 2020 and 2021 (Receipts not acceptable). Certification must be valid up to 31 December, 2022. 6. Certificate of compliance with the Pension Reform Act 2014 issued by the National Pension Commission (PENCOM) expiring not earlier than 31st December, 2022 7. Employee Compensation Scheme (ECS) Clearance Certificate as evidence of compliance with the provisions of the Employee Compensation Act 2010 Issued by the Nigerian Social Insurance Trust Fund expiring not earlier than 31st December.2022 (Receipts not acceptable). 8. Certificate of Compliance with the provisions of the Industrial Training Funds (ITF) ACT 2011 as issued by the ITF expiring not earlier than 31″ December, 2022 9. Relevant certificate of registration with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) (Unexpired License from defunct DPR is acceptable) expiring not earlier than 31 December, 2022 10. Evidence of good business relationship with competent Re-Insurance brokers with relevant experience in energy business and access to the International markets 11. Documentation/evidence demonstrating experience in similar oil and gas (exploration and production) E & P and oil Servicing companies only) insurance cover placed in the last 3 years as leader or co-insurer ( a minimum of two (2) documentation/evidence is expected). Please attach copies of letters of awards including clients company full contract details not P.O.Box, functional phone numbers and e-mail addresses 12. Description of re-insurance strategy, including use of rated re-insurance companies 13. Copy of 2020/2021, 2021/2022 and 2022/2023 signed domestic and/or foreign reinsurance slips for your energy accounts 14. Evidence of payment of 2020/2021, 2021/2022 and 2022/2023 reinsurance premiums for your energy/oil accounts 15. Current and in-place organizational structure. Experience and skills of management and technical personnel with one-page resume provided for each showing companies worked with dates. 16. A prospective bidder shall provide a sworn affidavit to support action as follows: a. To allow NNPC LTD verify all claims made in your submission b. To allow NNPC LTD verify that your organization is not in receivership, nor the subject of any form of insolvency of bankruptcy proceedings or the subject of any form of winding up petition or proceedings. c. To confirm that the company is not a replacement for a hitherto tax defaulting company, d. Disclosing whether or not any officer of the relevant committees of NIGERIAN NATIONAL PETROLEUM COMPANY LIMITED is a former or present Director, shareholder or has any pecuniary interest in the bidder. e. To confirm that all information presented in its bid are true and correct in all particulars. f. To confirm that your company does not have any Director who has been convicted in any country for a criminal offence relating to fraud or any financial impropriety of criminal misrepresentation or falsification of facts relating to any matter 17. All documents for submission must be transmitted with a duly signed covering/forwarding letter by the authorized officer of the firm under the Company/Firm-s letter head paper bearing amongst others, the Names and Nationalities of the Directors of the Company, the Registration Number (RC) as issued by the Corporate Affairs Commission (CAC), Contact Address Telephone Number (preferably GSM No and Email Address Please note: Insurers with outstanding indebtedness to NNPC LTD older than one (1) year from the date of discharged should not apply.
• Documents:

 Tender Notice