Invitation for Qualification as Insurance for NNPC Non- Oil Assets and Liabilities for the Year 2013/2014 at Nigerian National Petroleum Corporation

Nigerian National Petroleum Corporation

NNPC Towers, Herbert Macaulay Way, Central Business District, P.M.B. 190, Garki, Abuja – Nigeria

Invitation for Qualification as Insurance for NNPC Non- Oil Assets and Liabilities for the Year 2013/2014

The Nigerian National Petroleum Corporation is desirous of calling for bids from registered Insurers in Nigeria to insure its various classes of insurance. The classes of insurance envisaged include Fire and Additional Perils, Burglary, Marine Hull and Cargo, Automobiles, Money, Combined Workmen Compensation/Group Personal Accident, Group Life, General Third Party and Product Liability, Retail Outlets and Travel Medical.

In order to qualify for bidding, all interested Insurance Companies must meet the following conditions:

1. Be a Limited Liability Company registered In Nigeria and licensed by the National Insurance Commission to transact life or general insurance business or both.
2. Have a net asset of not less than N5,000,000,000 for general or N2,000,000,000 for life assurance business as per its latest published Accounts.
3. Have adequate reinsurance for the class of insurance it intends to bid.
4. Satisfy the margin of solvency requirements as prescribed by the Insurance Act 2003.
5. Must be in good standing with NNPC as regards prompt settlement of all claims reported up to 31^st October, 2012.
6. Have qualified and capable staff to write the class of business the Insurer intends to bid.
7. Be a good corporate citizen of Nigeria that pays its taxes as and when due. In line with the provisions of the Public Procurement Act, 2007 all interested

Insurers must submit the following documents:

1. Original Certified True Copy of the Company’s Certificate of Incorporation obtained from the Corporate Affairs Commission.
2. Original Certified True Copy by National Insurance Commission (NAICOM) of the Company’s Licence as an Insurer to transact the class of business it intends to bid for
3. A copy of each of the Company’s published Annual Report and Accounts for years ending 2011, 2010 arid 2009.
4. National Insurance Commission’s approval of the annual returns and accounts for underwriting year ending 31^st December 2011.
5. Evidence of the Reinsurance Programme for the class of business the Insurer Intends to bid and documentary proof that the Insurer has paid its reinsurance premium up to date.
6. A profile of two (2) top management staff and 5 (five) technical staff of the Company with their qualifications and insurance working experience.
7. Original Certified True Copy by The Federal Inland Revenue Service or Notary Public or Commissioner of Oaths of the Company’s Tax Clearance Certificate for years 201 1, 2010 and 2009 (Receipt not acceptable).
8. A signed Declaration by the Chief Executive Officer that the Company has settled all NNPC claims reported as at 31^st October, 2012.
9. Certificate of Compliance with the provisions of the Pension Reform Act, 2004 issued by Pension Commission,
10. Group Life Insurance Certificate in compliance with the Pension Reforms Act 2004.
11. Certificate of Compliance with the provisions of the Employee Compensation Act 2010 issued by Nigerian Social Insurance Trust Fund.
12. Evidence of compliance with the provisions of Industrial Training Fund (ITF) Act 2011 as issued by the ITF
13. Certificate of registration with the Department of Petroleum Resources.

Collection of Commercial Bid Documents

All interested Insurers should collect the commercial bid documents as from Monday 17^th December, 2012 between 1 1am and 1pm daily from:

The Office of the Genera I Manager

Group Insurance Department,

Room 88, 1^st Floor, Block D,

NNPC Towers,

Herbert Macaulay Way,

Central Business District Abuja, FCT.

Applications in writing should be submitted as follows:

• THREE (3) copies marked “Technical Bid” And “Qualification As An Insurer For NNPC Non-Oil Assets And Liabilities 2013” written on the left hand corner of the envelope
• THREE   (3)   copies   marked   “Commercial   Bid”   and Qualification as an Insurer for NNPC Non-Oil Assets and Liabilities 2013” written on the left hand corner of the envelope

Nigerian Content

In compliance with the Nigerian Oil and Gas Content Development Act, NNPC is committed to providing opportunities for indigenous capacity development and utilization. Prospective brokers must therefore, comply with the following criteria:

• Demonstrate that the entity is a Nigerian company as stipulated by the Act
• Prepare a Nigerian Content Plan for the brokerage services id be provided
• Provide current organization structure with evidence of the percentage of the management that are Nigerian nationals and the percentage of the total workforce that are Nigerians
• Provide past details and present commitment to staff training and development of Nigerian personnel
• Must have verifiable locational address in Nigeria

Interested Brokers must also submit THREE (3) copies of the following documents in a separate envelope marked “Nigerian Content” written on the left hand corner of the envelope:

1. Original Certified True Copies of the Certificate of Incorporation, Form C02 and C07 obtained from the Corporate Affairs Commission.
2. Evidence of physical operational presence and set up in Nigeria.
3. Nigerian Content Plan for the brokerage services to be provided using Nigerian resources. (Past and present).
4. Current organization structure with evidence of the percentage of the management that are Nigerian nationals and the percentage of the total workforce that are Nigerians
5. Details of training budget for Nigerian human capital development
6. A list of In-country registered office addresses
7. Number of jobs to be created by this opportunity
8. Further innovative proposal that would enhance Nigerian Content for the Insurance programme.
9. Certificate of compliance with NCD in respect of past business placed

All the bids should be addressed and forwarded to:

The Secretary,

Finance and Accounts Tenders Board,

The Office of the Group Executive Director,

Finance and Accounts,

Block A, 5^th Floor,

NN PC Towers, Herbert Macaulay Way,

Central Business District Abuja, FCT

The submission should reach the above address by 2.00 P.M (Nigerian Time) on or before Friday 11^th January, 2013

This notice and pre-qualification process shall not place any commitment on NNPC nor establish any legal relationship whatsoever, No communication will be entered into with any unsuccessful applicant.

Signed:

NNPC MANAGEMENT

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