Chongqing Xiangyu Salt & Chemical 2024 Property Insurance Quotation Request Letter

To All Insurance Companies:
Chongqing Xiangyu Salt & Chemical Co., Ltd. plans to insure its machinery breakdown insurance and property comprehensive insurance based on the net book value. The insurance coverage plan is as follows: The net book value of fixed assets totals RMB 831,349,648.43, including RMB 788,149,732.20 for machinery and equipment, RMB 29,494,293.34 for buildings and structures, and RMB 13,705,622.89 for electronic equipment; inventory amounts to RMB 129,431,844.42. The total insured amount for machinery breakdown insurance is RMB 788,149,732.20, while the insured amount for property comprehensive insurance is RMB 960,781,492.85. We hereby invite insurance companies with legal qualifications to submit their quotations. Quoting insurance companies shall prepare and submit an electronic quotation document bearing a fresh official seal.
1. A copy of the original business license of the insurance company, a copy of the legal representative’s ID card, and a Commitment Letter on Lawfulness and Integrity.
2. A copy of the authorized agent’s ID card, contact phone number, and the legal representative’s authorization letter.
3. Provide a quotation for the insurance company’s service proposal, including but not limited to: an introduction to the basic information of the insurance company (including its past track record of underwriting cooperation with similar enterprises), detailed underwriting plans for property comprehensive insurance and machinery breakdown insurance, the underwriting process, claims service plan, insurance terms and conditions, premium rates, additional coverages, deductibles, insurance duration, jurisdiction, and a sample calculation table of property insurance costs. After the policy is issued, arrange for dedicated personnel to conduct an insurance knowledge training session at your company.
4. Quotation Requirements: The premium rate for Property All-Risk Insurance shall not exceed 0.033%, and the premium rate for Machinery Breakdown Insurance shall not exceed 0.065%. The deductible for Property All-Risk Insurance shall be no more than RMB 2,000 per incident or 10% of the loss amount, whichever is lower. The deductible for Machinery Breakdown Insurance shall be no more than RMB 3,000 per incident or 10% of the loss amount, whichever is lower.
V. Bid Evaluation Rules: This quotation is a one-time offer. The winning insurance company will be determined based on a cumulative scoring system that evaluates rates, deductibles, and other relevant requirements. All expenses incurred by the bidding insurance companies during the inquiry process—regardless of whether they win the bid—shall be borne solely by the bidding insurance companies themselves.
6. When handling this business, the winning insurance company shall determine the insured amount based on the assets listed in the 2024 Chongqing Xiangyu Salt & Chemical Machinery Damage Insurance and Property Comprehensive Insurance Cost Estimation Table.
Each quoting insurance company is requested to provide the quotation documents, stamped with the official seal and in color scan format, as an electronic version, and send them to xiangyuyanhua@126.com before 12:00 a.m. on May 22, 2024.

Contact: Ren Likuo, 13635383053
Supervisor: Teacher Shi, 13708371911

Chongqing Xiangyu Salt & Chemical Co., Ltd.
May 16, 2024