DEADLINE: 18TH SEPTEMBER, 2024
SHELL NIGERIA EXPLORATION AND PRODUCTION COMPANY LIMITED
INVITATION TO TENDER FOR THE PROVISION OF INSURANCE SERVICES (BONGA NORTH CAR AND SNEPCO (BONGA) – OPERATIONAL INSURANCE AND CONSOLIDATED NAIRA OPERATIONAL INSURANCE POLICIES)
REF. NO/: SC NO:1000007546
1. INTRODUCTION
Shell Nigeria Exploration And Production Company Limited (SNEPCo), operator of Oil Mining Lease 118 on behalf of itself and other CO-ventures consisting of Nigerian Agip Exploration, Total energies Nigeria and Esso Exploration and Production Nigeria (Deepwater) Limited under a production sharing contract (PSC) with NNPC hereby invite interested and reputable Nigerian registered insurance companies with relevant experience to tender for the technical bidding phase for the PROVISION OF INSURANCE SERVICES FOR SNEPCo Bonga North CAR, Bonga Operational Insurance and Consolidated Naira Operational Insurance Policies).
2. SCOPE OF WORK
The scope of work will include but not limited to the provision of insurance programme for the following project/operational coverage services:
- BONGA North Construction All Risk (CAR)
- SNEPCo (BONGA) – Property Damage, Third party liability & operator’s extra expense
- Consolidated Naira Policies- Group life assurance/group personal accident insurance, third-party motor insurance, marine cargo insurance, healthcare professional indemnity insurance and occupier’s liability insurance.
Bonga North CAR and SNEPCo (BONGA) Field – operational insurance – the insurers shall retain a minimum of 70% of the risk in Nigeria and re-insure the excess capacity with leading foreign underwriters. The Lead insurer will liaise with the appointed re-insurance broker for the purpose of re-insurance with foreign underwriters.
Naira operational insurance policies – the insurers shall provide insurance cover for all classes insurance (life and non-life) and retain 100% percentage of the risks in Nigeria.
The (Lead) insurer will also handle claims services, policy documentation, renewals endorsement etc.
3. CONDITION FOR SELECTION
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 life and/or general insurance business.
2. Have a net asset of not less than N2billion for life, NGN 3billion for general, and NGN 5billion for composite business.
3. Have acquired good experience in Life business and/or in Oil and Gas insurance for general 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. Have good re-insurance strategy, including use of a-rated reinsurance companies
7. Have business relationship with competent insurance broker(s) with good reputation and experience in oil and gas insurance business.
8. Must be a good corporate citizen of Nigeria that pays its taxes as and when due.
4. MANDATORY REQUIREMENTS
- To be eligible for this tender exercise, interested contractors are required to be pre-qualified in the Life and Non-Life categories (3.14.05 & 30.14.07) in NipeX Joint Qualification System (NJQS) database. All successful pre-qualified suppliers in this category will receive invitation to Technical
- To determine if you are pre-qualified and view the Product services category you are listed for, open www.vendors.nipex-ng.com and access NJQS with your login details, click on “Continue Joint Qualification Scheme Tool” button, click “check my Supplier Status” and then click “Supplier Product Group”.
- If your company is not listed in a product/service category you are registered with NUPRC to do business, contact Nipex office at 27b Oyinkan abayomi Drive, Ikoyi, Lagos Nigeria with your NUPRC certificate as evidence for necessary update.
- To initiate he JQS prequalification process, access www.nipex-ng.com to download the application form, make necessary payments and contact Nipex office for further action.
- To be eligible, all tenders must comply with the Nigerian Content requirement in the NipeX system
5. NIGERIAN CONTENT REQUIREMENTS
Vendors are demonstrating strict compliance with the provision of Nigerian Oil & Gas Industry Content Development Act 2010.
As from the commencement of this Act, the minimum Nigerian Content in any project, services or product specification to be executed in the Nigerian oil and gas industry shall be consistent with the level set in schedule of the act and any other targets as may be directed by the Nigerian Content Development and monitoring Board (the Board) tendered shall comply with all the provisions of the Nigerian Content Act that relate to this contract but in particular comply with the minimum Nigerian Content % for the scopes which are covered in the Schedule of the Act and any other requirement that may arise from time to time not explicitly stated in this contract, but which apply to the contract in fulfillment of the Nigerian Content Act, in the submission of their Tender.
Failure to fully comply with the Nigerian Content Act or demonstrate commitment to Nigerian Content Development Policy of the Nigerian government shall result to disqualification from bidding this contract.
Tenderers shall provide evidence of registration by National Insurance Commission (NAICOM) and Nigerian insurance Association (NIA).
As part of their submission, tenderer shall:
- Demonstrate that entity is a Nigerian registered company. Submit certified true copies of CAC forms 10, 02, & 07 (or its equivalent; CAC 2.3 2.4, 2.5, etc.) and registration of NCDMB NOGIC JQS and NUPRC (DPR) Certificate.
- Provide evidence of a license issued by National Insurance Commission (NAICOM) as an insurer to transact General Insurance business.
- Provide detailed description of the location of in-country committed facilities & infrastructure (Technical/Administrative office) in Nigeria to support this contract.
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.
6. ADDITIONAL INFORMATION
Tenders are to provide current NAICOM registration certificate and approved financial report/statement.
Bidding shall be acceptable and evaluated on individual as well a consortium basis provided that 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 rom reinsurance companies with A rating
- Failure to provide any of the listed documents or information may automatically disqualify the supplier
- All costs incurred in preparing and processing NJQS prequalification shall be to the contractor’s accounts.
- This advertisement shall neither be construed as any form of commitment on the part of SPDC to award any contract to any company and or associated companies, sub-contractors or agent, nor shall it entitle prequalified companies to make any claims whatsoever, and/or seek any indemnity from SPDC and or any of its partners by virtue of such companies having been prequalified in NJQS.
- The tendering process shall be the NNPC contracting process requiring pre-qualified companies to submit technical and commercial tenders. Following a technical review, only technically and financially qualified contractors will be progressed to the commercial tender.
- NNPC/SHELL PETROLEUM DEVELOPMENT COMPANY LIMITED reserves the right to reject any or all pre-qualified suppliers at its sole discretion and at no cost whatsoever
- SHELL PETROLEUM DEVELOPMENT COMPANY LIMITED will communicate only with authorized officers of the pre-qualifying companies and NOT through individuals or agents.
7. CLOSING DATE
Only tenderers registered in the Life and Non-Life Categories (3.14.05 & 31.14.07) as at 1600 hours on the 18th of September 2024 being the advert close date shall be invited to submit Technical Bids.
NIPEX REF: ES/NCDMB/SNEPCO/ADV/UPD/310722
