Shell Nigeria Exploration arid Production Company Limited (SNEPCo) - Tender Opportunity: Bonga FPSO Operational Insurance Policy

Introduction
The Shell Nigeria -Exploration and Production Company Limited (SNEPCO) is seeking qualified Insurers for the Provision of operational Insurance coverage for its Assets and Liabilities which include the following: The FPSO Assets including Operators Extra Expenses. SNEPCQ invites submission from reputable Nigerian registered Insurance Companies having ‘world class’ experience in the provision of insurance services for major Oil and Gas companies

Please visit the Nigerian Petroleum Exchange Portal www.nipex.com.ng for further details.

Scope of Work
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

Basic Requirements
Any Insurance Company seeking to be selected must satisfy the following conditions:

• Be a Limited Liability Company registered in Nigeria and licensed by the National Insurance Commission (NAICOM) to transact General Insurance Business.
• Have a net asset of not less than N3billion as per its last published Accounts for its general business.
• Have acquired good experience in Oil and Gas insurance business.
• Have adequate and qualified staff with experience in Oil and Gas Insurance business.
• Must be in good standing as regards prompt settlement of all claims reported to date.
• Must be a good corporate citizen of Nigeria that pays its taxes as and when due.

Supporting Documentation
The interested Insurer must have the following documents:

• A certified true copy of the Corporate Affairs Commission (CAC) of the company’s Certificate of Incorporation
• A certified true copy by NAICOM of the Company’s License as on Insurer to transact Life and/or general insurance business.
• Current registration with the Deportment of Petroleum Resources (DPR)
• Documentation/evidence demonstrating experience in similar Oil and Gas insurance cover that Insurer has provided in the last 3 years (2008 to 2010), including clients name and dotes of cover (please attach copies of participation slips).
• Provide company profile indicating Nigerian Shareholding, Company’s financial details, and published annual Report and Accounts for the past 3 years (2008 to 2010)
• Evidence of NAICOMs approval of Annual Returns and Accounts for previous underwriting year.
• A profile of six (6) top management staff of the Company with their qualifications and insurance working experience in Oil and Gas insurance business.
• Provide evidence of qualified professional staff and training plans
• In case of Joint venture, on 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.
• A signed Declaration by the Chief Executive Officer that the Company has settled all discharged claims.
• Company’s Tax Clearance certificates for the past three (3) years (2008 to 2010).
• Give brief description of re-insurance strategy and provide names of foreign Re-Insurers and principal Brokers
• Provide relevant information of two (2) contact persons: name, telephone, fax numbers and e-mail address.
• Certified true copy of NAICOM approval of Recapitalization and Consolidation to continue to transact Insurance business within the Federal Republic of Nigeria.
• Evidence of statutory deposit with CBN.
• Documentary evidence showing clearly the pre-capitalization status and the additional capital raised

Mandatory Requirements

• To be eligible for this tender exercise, interested contractor are required to be pre-qualified as essential service vendor in 31432_Non-Life Insurance product/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).
• To determine if you ore 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.
• If you are not listed in a product/service category you are registered with DPR to do business, contact NipeX office at 30, Oyinkon Aboyomi Street, Ikoyi, Lagos with your DPR certificate as evidence for verification and necessary update.
• To initiate the JQS prequalification process, access www.nipexng.com to down load the application form, make necessary payments and contact NipeX office for further action.
• To be eligible, all tenders must comply with the Nigerian Content Requirements in the NipeX system.

Nigeria Content Requirement

• Vendors are to demonstrate strict compliance with the provisions of Nigerian Oil & Gas Industry Content Development Act and also provide the following requirements:
• Demonstrate that the entity is a Nigerian Registered Company, or Nigerian Registered Company as the contracting entity in genuine alliance or joint venture with foreign company with details on scope and responsibilities of parties for this work. Such companies must show evidence of joint venture binding agreement duly signed by the CEO of both companies including evidence or plans of physical operational presence and set-up in Nigeria
• International or multinational company working through a Nigerian subsidiary must demonstrate that a minimum of 50% of equipment to be deployed for execution of work shall be owned by the Nigerian subsidiary by providing a list of equipment for this tender and indicating those that will be owned by the Nigerian subsidiary
• Furnish details of company ownership and shore holding structure. Also submit clear photocopies of your CAC Forms CO2 and CO7
• Provide evidence of what percentage of your key management positions is held by Nigerians and what percentage of the total work force are Nigerians. Also, show overall percentage of work to be performed in Nigeria and those by Nigerian resources relative to total work volume.
• Provide a Nigerian Content Plan providing a detailed description of the role, work scope, man-hours and responsibilities of all Nigerian companies and personnel that would be involved in executing the work. Also provide details of Nigerian Content focal point or manager.
• State proposed total scope of work to be conducted by Nigerian personnel (whether contracted directly or under subcontract agreements> with names and addresses including evidences of well equipped offices and workshop; attach past experience of such patronage.
• Specific to this work, provide detailed plan for staff training and development on equipment repairs & maintenance and procurement (including all software to be used, number of personnel, name of organization providing such training and evidence of past training record) for Nigerian personnel including description of any specific programs in place for transfer of technology and skills to indigenous businesses and Nigerians over the next five (5) years.
• Location of in-country facilities (Storage, workshops, repair & maintenance facilities and testing facilities)
• Contractor must be willing and able to provide evidence of maximization of made in Nigeria goods and services.
• Provide details on any other Nigerian Content initiative your company is involved in.
• Tenderers are expected to have obtained their Nigerian Content Equipment Certification (NCEC) from the NCDMB or demonstrate that ii is in the process of obtaining the certificate from NCDMB.

Closing Date
Only Tenderers who ore registered in the NJQS product/category; 31432_Non-Life Insurance product/services category as at Monday 4th March, 2013 being the adverts closing date shall be invited to submit Technical bids.

Additional Information

• All costs incurred in preparing and processing NJQS prequalification shall be to the contractor’s accounts.
• This advertisement shall neither be construed as any farm 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 claims whatsoever, and/or seek any indemnity from SNEPCO and or any of its partners by virtue of such companies having been prequalified in NJQS.
• SNEPCO will communicate only with authorized officers of the pre-qualifying companies and NOT through individuals or Agents.

Please visit NipeX portal at www.nipexng.com for this advert and other information. Also note that this contract will be progressed through NipeX system.