Sote Salt Chemical’s 2024 Property Insurance Quotation Request

To All Insurance Companies:
Chongqing Sote Salt & Chemical Co., Ltd. intends 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 274,465,852.48, including RMB 271,057,390.50 for machinery and equipment, RMB 883,318.03 for buildings and structures, and RMB 2,525,143.95 for electronic equipment; inventory amounts to RMB 5,224,295.40. The total insured amount for machinery breakdown insurance is RMB 271,057,390.50, while the insured amount for property comprehensive insurance is RMB 279,690,147.88. 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 representative’s ID card, contact phone number, and a letter of authorization from the legal entity.
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 arrangements, 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 is no more than RMB 2,000 per incident or 10% of the loss amount, whichever is lower. The deductible for Machinery Breakdown Insurance is 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 Suote 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 9:00 a.m. on June 19, 2024.

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

Chongqing Sote Salt & Chemical Co., Ltd.
June 13, 2024

Disclaimer: The official channel for our company’s announcement of this tender is the website of Chongqing Xiangyu Salt & Chemical Co., Ltd.: http://www.cqxyyh.com. Apart from this, our company has not published any tender information on any other websites, forums, or media platforms. Any tender information reproduced from other sources and attributed to our company as the tendering entity is unauthorized and therefore invalid. We reserve the right to pursue legal action against those responsible for such unauthorized reproduction.