NIGERIAN AGIP OIL COMPANY LIMITED OPERATOR OF THE NNPC/NAOC/OANDO OIL JOINT VENTURE PROVISION OF 2021 DOLLAR OPERATIONAL INSURANCE, THIRD PARTY LIABILITY AND OKPAI POWER PLANT FOR NAOC JV OPERATIONS
NIPEX TENDER NO: 1000004631
DEADLINE: 11TH AUGUST, 2020

INTRODUCTION
Nigerian Agip Oil Company Limited (NAOC), Operator of
NNPC/NAOC/OOL Joint Venture, is seeking qualified Insurers for the Provision of Operational Insurance Cover for its properties, third party liability and Okpai Power Plant. The contract duration for Technical evaluation is for 3years and Commercial is for 1year + 2years option of renewal.

SCOPE OF WORK
Insurances required include the following: Operational Insurance and General Third Party Liability Insurance policies.
For the Operational and General Third Party Liability policy
(policy limit US$25,000,000), the Insurer shall retain a percentage of the risk in Nigeria and re-insure the remainder of the risk with leading international underwriters. The insurer shall justify by verifiable proof of evidence with the National Insurance Commission (NAICOM) approval certification that all in-country capacity for the risk have been utilized before it can re-insure the excess capacity with leading international underwriters. The Insurer will liaise with the appointed Reinsurance Broker for the purpose of reinsurance with foreign Underwriters with minimum of A rating by an international rating agency. The Insurer will also handle claim services, policy documentation, renewals, endorsement etc.

MANDATORYREQUIREMENTS

  1. To be eligible for this tender exercise, interested contractors are required to be pre-qualified in: Non-life
    Insurance Service Category 3.14.07 (Product/Services) in
    NipeX Joint Qualification System (NJQS) database. All
    successfully pre-qualified suppliers in this categories will
    receiveInvitationtoTechnicalTender(ITT).
  2. To determine if you are pre-qualified and view
    the product /service category you are listed for: Open
    http://vendors.nipex-ng.com and access NJQS with your
    log in 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 but
    you are registered with DPR to do business, contact
    NipeX office at 8/10 Bayo Kuku Road, Ikoyi Lagos with
    your DPR certificate as evidence for verification and
    necessary update.
  4. To initiate the NJQS pre-qualification process,
    access www.nipex-ng.com to download application
    form, make necessary payments and contact NipeX
    office for further action.
  5. To be eligible, all tenders must comply with the Nigerian Content requirements in the NipeX system.

NIGERIAN CONTENT
Bidders are invited to express complete understanding,
willingness and Commitment to comply with the Nigerian Oil
and Gas Industry Content Development (NOGICD) Act, 2010
and Insurance ACT 2003 Consequently, bidders’ submissions shall be evaluated strictly with the minimum evaluation criteria defined in the NOGICD Insurance Act.
The documentation for evaluation shall include but not be
limited to the following:

  1. Provide evidence of company Ownership Structure form
    CO2 and CO7, registration on NOGIC JQS and DPR
    certificate.
  2. Detailed description of the location of in-country
    Committed facilities & infrastructure (Administrative
    Office) in Nigeria to support this contract
  3. Provide a project-specific training, man-hour budget,
    Skill development and technology transfer plan for
    Nigerian personnel or indigenous business including
    evidence of past performance on training and development for Nigerians nationals & indigenous
    business. Plan for sponsorship of Nigerians to acquire
    competence and/or certification. Further development
    of local employees as professionals. Bidders are
    requested to execute an enforceable MOA with Local
    Training Service Provider (OGTAN member) for the
    provision of training services in specific technical
    disciplines involved in the project.
  4. Submit Tenderer’s corporate organizational and
    project/contract specific organogram. CV’s of all
    personnel (as required by the Client and the service)
    listed in the project organogram should be submitted.
  5. Tenderer shall submit valid proof of: Evidence that the
    under-listed insurance target can be handled in-country.
    70% for Non- Life Insurance
    100% for insurance broking service
    40% for marine insurance
    6 . Provide proof of NAICOM approval certificate that all
    In-country capacity for the risk have been utilized
    before any reinsurance of the excess capacity with
    international under writers.
  6. Tenderer shall provide evidence of Current NAICOM
    certificate and MOA with Re insurance company.

NOTE: Non-compliance with Nigerian content requirements is a
FATAL FLAW

CLOSING DATE
Only tenderers who are registered with NJQS in the Non-life Insurance Service Category 3.14.07 Product Category as at
11th, August 2020 by 1600hrs being the advert closing date shall be invited to submit Technical Bids.
Please visit the NipeX Portal at www.nipex-ng.com for this Advert and other additional information.
This advertisement of “Tender Opportunity” shall not be construed as a commitment on part of NAOC, nor shall it
entitle Applicants to make any claims whatsoever and/or seek any indemnity from NAOC and/or any of its Partners by virtue of such Applicants having responded to this Advert.

ES/NCDMB/NAOC-ADV/UPD/140420/NAOC DOLLAR INSURANCE POLICY
MANAGEMENT

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