Tender Details

Country: Philippines
Summary: Reinsurance of the Industrial all Risks Insurance of the Philippine Ports Authority (Account of Asian Terminals, Inc.)
PHT Ref No: 108344239
Deadline: 28 Oct 2024
Financier: Self Financed
Purchaser Ownership: Government
Tender Value: PHP 3469381.12
Notice Type: Tender
Document Ref. No.: Indicative-2025-GSIS-PB-090
Purchaser's Detail:
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Description:
Tender are invited for Reinsurance of the Industrial All Risks Insurance of the Philippine Ports Authority (account of Asian Terminals, Inc.)
Procurement Mode : Public Bidding
Classification : Goods
Category : Services
Contract Duration : 0 Day/s
Budget for the Contract : PHP 3,469,381.12
Description : 1. The Government Service Insurance System (GSIS), through the GSIS Corporate Operating Budget for CY 2025, intends to apply the sum Three Million Four Hundred Sixty-Nine Thousand Three Hundred Eighty-One Pesos and Twelve Centavos (Php3,469,381.12) being the ABC to payments under the contract for the Project Reinsurance of the Industrial All Risks Insurance of the Philippine Ports Authority (account of Asian Terminals, Inc.), with the following details:

Assured Philippine Ports Authority for the account of Asian Terminals, Inc. jointly with ATI Batangas, Inc.
Line Industrial All Risks (IAR)
Period of Insurance From: January 01, 2025 (00:00 Hour)
To: December 31, 2025 (24:00 Hours)
Total Sum Insured
Gross Php 9,529,800,676.84
Retention Php 6,861,456,487.32
Facultative Php 2,668,344,189.52
Premiums
Gross Premiums (exclusive of all applicable taxes) Php 12,390,646.84
Retention Php 8,921,265.72
Facultative (ABC (exclusive of all applicable taxes) Php 3,469,381.12

Relevant underwriting information shall be issued only to bidders who purchased the Bidding Documents.

Bids received in exces...
Documents:

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Reinsurance of the Industrial all Risks Insurance of the Philippine Ports Authority (Account of Asian Terminals, Inc.) - Philippines Tender

The GOVERNMENT SERVICE INSURANCE SYSTEM, a Government sector organization in Philippines, has announced a new tender for Reinsurance of the Industrial all Risks Insurance of the Philippine Ports Authority (Account of Asian Terminals, Inc.). This tender is published on PhilippinesTenders under PHT Ref No: 108344239 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2024-10-28.

The estimated tender value is PHP 3469381.12, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.