DEADLINE: 15TH AUGUST, 2023
NIGERIAN AGIP OIL COMPANY LIMITED
OPERATOR OF THE NEPL/NAOC/OANDO JOINT VENTURE
INVITATION TO TENDER FOR THE PROVISION OF 2024 INSURANCE SERVICES
NIPEX TENDER NO.: 1000006803 AND 1000006721
(1) INTRODUCTION
Nigerian Agip Oil Company Limited (NAOC), Operator of NEPL/NAOC/OOL Joint Venture, invites interested and reputable Nigerian registered insurance companies with relevant experience to tender for the provision of 2024 insurance services for major oil and gas operations. The contract duration for technical evaluation is for three (3) years and commercial is for one (1) year + two (2) years option of renewal.
(2) SCOPE OF WORK
The scope of work will include but not limited to the provision of 2024 insurance services for the following:
- NAOC Energy Operational Insurance (Property Damage, Operator’s Extra Expense Third-Party Liability) and IPP Okpai Phase I
- Naira Policies- Employers Liability/Group Life Assurance, Group Personal Accident, Comprehensive Motor Insurance, Travel Health Insurance and Marine open cover.
For Operational Insurance and General Third-Party Liability Insurance Policies – The Insurers shall retain minimum 70% of the risk in Nigeria and re-insure the excess capacity with leading foreign underwriters. The Lead Insurer will liaise with the appointed reinsurance Broker for the purpose of re-insurance.
Naira Operational Insurance Policies– The Insurers shall provide comprehensive cover for all classes of Insurance and retain 100% percentage of the risks in Nigeria.
The Lead Insurer will handle policy and claims administration.
(3) MANDATORY REQUIREMENTS
(a) To be eligible for this tender exercise, interested insurers are required to be prequalified in the Life, Non-Life & Employee Liability Insurance services Categories (3.14.05, 3.14.07 & 3.14.09) on NipeX Joint Qualification System (NJQS) database. All successfully pre-qualified suppliers in this category will receive Invitation to Technical Tender (ITT).
(b) To determine if you are pre-qualified and view the product services category you are listed for; open www.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.
(c) If your company is not listed in the product/service category and you are registered with NUPRC (DPR) to do business in this category, please contact NipeX office at 8/10 Bayo Kuku Road, Ikoyi Lagos with your NUPRC (DPR) certificate as evidence for verification and necessary update.
(d) To initiate the NJQS pre-qualification process, access www.nipex-ng.com to download the application form, make necessary payments and contact NipeX office for further action.
(e) To be eligible, all tenders must comply with the Nigerian Content requirements in the NipeX system.
(4) 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 C02 and C07, 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. CVs 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 (dollar) 100% for Life and Non-Life (Naira)
(6) Provide proof of NAICOM approval certificate that all in-country capacity for the risk has been utilized before any reinsurance of the excess capacity with international underwriters.
(7) Tenderer shall provide evidence of Current NAICOM certificate and MOA with Re insurance company.
NOTE: Failure to comply with the provision of the Nigerian Content Act 2010 or to demonstrate commitment to the development of the Nigerian Content Policy shall result in disqualification from this bidding process.
(5) ADDITIONAL INFORMATION
Tenderers are to provide current NAICOM registration certificate and approved financial report/statement. Bidding shall be acceptable and evaluated on individual as well as Consortium basis if Consortium shall:
- Agree with the lead underwriter for the consortium.
- Have executed a Memorandum of Agreement (MOA)
- Obtain NAICOM certification for the consortium.
- Obtain NAICOM certification for the consortium consolidated Financial Report/Statement.
- Obtain NAICOM approval for reinsurance offshore on the basis that local capacity has been exhausted.
- Provide acceptable reinsurance treaty from Reinsurance Companies with A rating.
(a) Failure to provide any of the listed documents or information may automatically disqualify the Supplier.
(b) This notice and the ensuing qualification process neither create any commitment by NAOC nor establish any legal relationship with NAOC
(c) All costs incurred in registering and prequalifying for this and other service categories in NJQS shall be borne solely by the Contractors/suppliers.
(d) This advertisement shall neither be construed as an Invitation to Tender (ITT) nor a commitment on the part of NAOC to award a contract to any supplier and/or associated companies, subcontractors, or agents.
(e) The ITT and any further progression of this tender shall be via NipeX. Interested bidders are therefore advised to ensure that their profiles in NipeX are active with a valid official email address accessible by their organization as this shall be the only means to transmit the ITT.
(f) The tendering process will be the NAOC contracting process requiring pre-qualified companies to submit technical tender first. Following a technical review only technically qualified bidders will be eligible to participate in placement of the risks.
(g) Man-hours figures for Capital Project Portfolios are estimates to provide definition to the scope and do not constitute guaranteed quantities.
(h) Company will only recognize and correspond with duly authorized officers of the pre-qualified bidders and NOT through individuals or agents acting on their behalf.
(g) Interested contractors should note that NAOC has a very cordial relationship with the host communities of the sites where these services will be performed based on the existing Memorandum of Understanding (MOU), Prospective Contractors will be required to implement the obligations of the MOU as part of their contract.
(6) CLOSING DATE
Only tenderers who are registered and active (‘LIVE’ Status) with NJQS in the Life, Non-Life and Employee Liability Categories; (3.14.05, 3.14.07 and 3.14.09) as at the closing date of this advert by 16:00hrs (WAT) on 15 August 2023, shall be invited to submit Technical Bids.
ES/NCDMB/NAOC/ADV/UPD/040723/PROVISION OF 2024 NAOC INSURANCE POLICY
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.
