REQUEST FOR EXPRESSION OF INTEREST: FOR THE PROVISION OF DIRECTORS AND OFFICERS LIABILITY

INSURANCE FOR EACOP – REFERENCE NO. REQ-00000195

East African Crude Oil Pipeline (EACOP) LTD (“EACOP LTD”) invites experienced and reputable companies to express their interest in providing Directors and Officers Liability Insurance services to the EACOP Project.

The EACOP Project involves the construction and operation of an underground and cross-border pipeline to transport crude oil for export to international markets. The pipeline will run from Kabaale, Hoima District in Uganda to the Chongoleani peninsula near Tanga in Tanzania. The length of the pipeline is 1,443 km, of which 1,147 km will be in Tanzania.

BRIEF DESCRIPTION OF THE SCOPE OF THE SERVICES

EACOP requires to be provided with directors’ and officers’ liability insurance. The objective of this expression of interest is to invite insurance firms/companies to provide directors and officers (including managers and supervisors) (“D&Os”) liability insurance for

EACOP Co. The scope of the cover should be worldwide and include but not be limited to:

1. Any claims arising from or incidental to the performance of duties by EACOP’s D&Os. Claims shall be understood as including any writen demand or proceedings seeking compensation or other legal remedy as well as criminal proceedings and official investigations.
2. Claims related to environmental, social and governance risks.
3. Legal defense costs, settlement amounts, public relations expenses, management liability, non-executive directors’ protection, assets and liberty costs, emergency costs, environmental extension, corporate manslaughter, outside directorship, public relations expenses, extradition proceedings, investigation costs, lifetime runoff cover for retired insureds, new subsidiaries, legal representation extension, tax extensions, joint property liability.
4. Damages & penalties (if insurable) awarded against Board members, executives, and management of EACOP in case of covered legal claims.
5. Any other coverage that by practice within the insurance industry is required or or ordinary covered by the requested coverage.

MINIMUM REQUIREMENTS:

1. Companies or organizations expressing their interest are invited to document their request with:
2. Must be registered and licensed to operate in Uganda and Tanzania.
3. Must have a minimum of five (5) years’ experience in providing directors and officers liability insurance. Including experience
4. in providing directors and officers liability insurance to at least one multi- national company
5. Must have reinsurers with an A- or better rated financial strength rating from a reputable rating agency.
6. Must demonstrate a track record of setling claims promptly and fairly.
7. Recommendations from at least three (3) organizations/firms/companies with contact persons, to whom similar services have been provided by your company.
8. Financial capacity to deliver the services required. (Audited books of accounts for the previous two financial years).
9. Registration or approved application for registration with the EWURA Local Supplier Service Provider (LSSP) database at the time of submission of the response to this expression of interest is strongly recommended.
10. Compliance with Local Content Regulations, 2017.
11. Proof of registration with the Tanzania Revenue Authority (TRA) and Tax Clearance Certificate for the latest year available.
12. Up-to-date professional and business licensing from relevant in-country authorities for the provision of the services.
13. Proof of Anti-corruption, Anti-bribery, Compliance and Human Rights policies.