Insurance of MWSC Assets for the Year 2022 Tender, Maldives - 61524196

Procurement Summary

Country : Maldives

Summary : Insurance of MWSC Assets for the Year 2022

Deadline : 26 Dec 2021

Other Information

Notice Type : Tender

TOT Ref.No.: 61524196

Document Ref. No. : MWSC-L/3/ADV/2021/337

Financier : Self Financed

Purchaser Ownership : -

Tender Value : Refer Document

Purchaser's Detail

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Tender Details

Tenders are invited for Insurance of MWSC Assets for the Year 2022

1. FIRE INSURANCE Commercial Fire Insurance Commercial fire insurance of Buildings, Borewell, Control Pumps, Desalination Buildings, Reverse Osmosis Plants, Plants & Machinery, Generators, Water Distribution Systems, Sewerage Systems, Furniture & Fittings, Office Equipment-s, Computer Hardware-s, and other general equipment-s, Investment Properties loss of rent, Inventories, & Capital Work in Progress.

REQUIREMENT/COVER Basic Cover Fire, Lightning & Domestic Exploitation Additional Perils: Explosion Riot & Strike Malicious Damage Aircraft and Other Aerial Device Bursting or Overflowing of water tanks, apparatus Impact Damage by road vehicles Earthquake (Tsunami), Tidal waves, volcanic eruption, hurricane, cyclone, typhoons and windstorm and flood arising. Flood Loss or damage to the property described due to theft by forcible and violent entry or exit Damage/Loss due to bursting or overflowing of water tanks, apparatus or pipes and network. Aircraft including other aerial devise & articles dropped there from Loss of rent from Investment properties. The maximum deductible tolerance will be 5% of the total claim or MVR 50, 000/- which ever is higher for natural perils Maximum deductible for others shall not exceed MVR 5, 000/-

2. BUSINESS INTERRUPTION/ CONSEQUENTIAL LOSS INSURANCE Insurance of Loss of Gross Profit, Standing Charges, cost of Working towards recovery from the interruptions. Total Sum Insured: MVR 752, 782, 497.00 REQUIREMENT/COVER Basic Cover Fire, Lightning & Domestic Exploitation Additional Perils: Explosion Riot & Strike Malicious Damage Aircraft and Other Aerial Device Bursting or Overflowing of water tanks, apparatus Impact Damage by road vehicles Earthquake (Tsunami), Tidal waves, volcanic eruption, hurricane, cyclone, typhoons and windstorm and flood arising. Flood Loss or damage to the property described due to theft by forcible and violent entry or exit Damage/Loss due to bursting or overflowing of water tanks, apparatus or pipes and network. a Limits on Deductibles

3. MARINE HULL AND RELATED MACHINERY INSURANCE Insurance to cover loss or damage to the hull, machineries, engines, equipment-s, of the vessels against risks arising from its day-today operations. Total Sum Insured: MVR 53, 243, 733.80 Aircraft including other aerial devise & articles dropped there from Loss of rent from Investment properties. 5 days from each and every claim REQUIREMENT/COVER Comprehensive marine hull insurance cover including but not limited to following; Costs of repairing physical loss or damage to a vessel following unforeseen events. Reimbursement following total loss of a vessel Actual and Constructive where applicable. Expenses to prevent loss (Sue & Labor, Salvage, Salvage Charges) Collision Liability Perils of the seas s or other navigable waters Violent theft by persons from outside the Vessel Fire, Explosion Jettison Piracy Breakdown of or accident to nuclear installations or reactors Contact with aircraft or similar objects, or objects falling therefrom, land conveyance, dock or harbor equipment or installation Earthquake, Volcanic eruption or lightning. a LIMITS ON DEDUDCTIBLES 4. MOTOR INSURANCE Total Number of Vehicles- 111

5. MONEY IN TRANSIT INSURANCE Total Sum Insured: MVR 1, 460, 000.00 Accidents in loading discharging or shifting cargo or fuel Bursting of boilers breakage of shafts or any latent defect in the machinery or hull Negligence of Master Officers Crew or Pilots Personal Accident cover for the crews with minimum limit of MVR 250, 000 per person for the period. Protection & Indemnity cover must provide a minimum cover of MVR 1.5mn per Vessel. Maximum Deductible on all occasion shall not exceed 5 % of the claim amount. No additional deductibles shall be applied. Comprehensive Motor Insurance Including theft Fire & Theft, Vandalism Natural Perils, Tsunami & Tidal Waves, Strike, Riot & Civil Commotion, Impact Damage All risk cover including but not limited to the following; Loss of money arising out any cause Loss of or damage to safe/strong room Any case in which money is being carried The goods or property of the insured or for which the insured is legally responsible caused by theft or attempted theft. Cover against the financial loss suffered by a the company as a result of fraud/dishonesty of employees up to a limit of Minimum MVR 1, 000, 000.00 Maximum Deductible on all occasion shall not exceed 5 % of the claim amount. No additional deductibles shall be applied.

Documents

 Tender Notice