Invitation to Tender for Bonga Operational Insurance Policies at Shell Nigeria Exploration & Production Company Limited (SNEPCo)

Posted by Future on Mon 25th Oct, 2021 -

Shell Nigeria Exploration & Production Company Limited (SNEPCo) invites interested and reputable Nigerian registered Insurance Companies having world class experience in the provision of insurance services for major Oil and Gas companies to indicate interest by submitting tender documents for the following works:

Shell Nigeria Exploration & Production Company Limited (SNEPCo) is Nigeria’s oldest energy company, and has a long term and continuing commitment to the country, its people and the economy. Shell is a global group of energy and petrochemicals companies with an average of 93,000 employees in more than 70 countries. We use advanced technologies and take an innovative approach to help build a sustainable energy future.

Applications are invited for:

Title: Invitation to Tender - Bonga Operational Insurance Policies (REF -No.: CW532733)

Shell Nigeria Exploration & 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. SNEPCo invites submission from reputable Nigerian registered Insurance Companies having world class experience in the provision of insurance services for major Oil and Gas companies. The proposed contract is estimated to commence in Q2 2022 and remain active for one (1 year duration, followed by two (2) one (1) year extension options.

SNEPCo invites submission from reputable Nigerian registered Insurance Companies having world class' experience in the provision of insurance services for major Oil and Gas companies.

Scope of Work/Service Requirements
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 N3 billion 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 an Insurer to transact Life and/or general insurance business.
  • Current registration with the Department of Petroleum Resources (DPR)
  • Documentation/evidence demonstrating experience in similar Oil and Gas insurance cover that Insurer has provided in the last Three (3) years (2018 to 2020), including clients names 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 post Three (3) years (2018 to 2020)
  • Evidence of remitting NCD fee (with receipt> for the previous underwriting years
  • Evidence of NAICOM’s approval of Annual -Returns and Accounts for previous underwriting year.
  • A profile of six (6) top management staff of the Company with their qualification and insurance working experience in Oil and Gas insurance business.
  • Provide evidence of qualified professional staff and training plans, and Industrial Training Fund (ITF) levy payments. -
  • In case of Joint venture, an attached copy of the Joint Venture agreement and details of the Interest of each of the Joint Venture partner, the rde 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.{2O1 B to 2020).
  • Company’s VAT registration and payment (remittance) details.
  • Give brief description of re-insurance strategy and provide names of foreign Re-Insurers and principal Brokers (please attach copies of participation slips)
  • 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.
  • Current registration with NSITF Board and evidence of payment of monthly Employees compensation levy.
  • Evidence of Group life insurance Compliance certificate for its own employees
  • Certificate of compliance from the pensions commission (PENCOM).
Mandatory Requirements
  • To be eligible for this tender exercise, interested contractor are required to be pre-qualified as essential service vendor in 3.14.07 Non-Life Insurance 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 are pre-qualified and view the product/service category you are listed for, open 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, Oyinkan Abayomi Street, Ikoyi, Lagos with your DPR certificate as evidence for verification and necessary update. 
  • To initiate the JQS pre-qualification process, access 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 Requirements in the NipeX system
Nigerian Content Requirements
Vendors are to demonstrate strict compliance with the provisions of Nigerian Oil & Gas Industry Content Development Act, 2010 and Insurance Act, 2003 amongst others: 
  • Tenderer shall demonstrate that entity is a Nigerian-registered company with 51% or more Nigerian shareholding capacity. Submit certified true copies of CAC forms 10,02 & 07 for its equivalent; CAC 2.3, 2.4, 2.5, etc). Tenderer shall provide evidence of registration with the NCDMB NOGIC JQS and DPR. 
  • Provide detailed description of the location of in-country committed facilities & infrastructure (Technical/Administrative office) in Nigeria to support this contract. 
  • Provide evidence of a certified true copy of the Company's License by National Insurance Commission (NAICOM) as an Insurer to transact General Insurance business. 
  • Tenderer shall comply with the latest approved version of NCDMB HCD guideline by committing (via a letter of undertaking) to providing Project-Specific training, man-hour, budget, skill development and understudy plan for Nigerian personnel utilizing OGTAN registered trainer(s) or other approved NCDMB training institution(s).
Application Closing Date
8th November, 2021.

Submission of Documents

Only Tenderers who are registered in the NJQS product/category; 3.14.07_Non-Life Insurance Services category as at before the stated application deadline shall be invited to submit Technical bids.

Additional Information
  • All costs incurred in preparing and processing NJQS pre-qualification shall be to the contractor's account
  • This advertisement shall neither be construed as any form of commitment on the part of SNEPCO to word any contract to any company and or associated companies, sub-contractor 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. 
  • SNEPC will communicate only with authorized officers of the pre-qualifying companies and NOT through individuals or Agents.