Price Comparison Document for Property Insurance and Machinery Breakdown Insurance of Chongqing Sote Salt & Chemical Co., Ltd.

To all insurance institutions:
In accordance with the relevant requirements of Chongqing Sote Salt & Chemical Co., Ltd., we plan to insure our fixed assets for the year 2025 with a comprehensive property insurance policy and a machinery breakdown liability insurance policy. The company is now initiating a price inquiry process for these two types of insurance, and the insurer will be selected through an open bidding and comparison process. Specific requirements are as follows:
I. Name of the Quotation Request Project: Property Comprehensive Insurance and Machinery Breakdown Liability Insurance for Chongqing Sote Salt & Chemical Co., Ltd.
II. Inquiry Content: Quotation for comprehensive property insurance and machinery breakdown liability insurance, as well as after-sales service, provided by Chongqing Sote Salt & Chemical Co., Ltd.
3. Service Period: 1 year
IV. Qualification Requirements
(1) Candidates must possess the qualification to operate property insurance in the People’s Republic of China; they must have established branch offices in the province (or city). Candidates may be individual insurance branches (including sub-branches and branch offices), and must provide the business licenses and insurance business operation permits for their respective branches.
(2) If an insurance branch (including sub-branches and branches) participates in the price inquiry, only one branch of the same commercial insurance company may be authorized to participate in the price inquiry.
(3) The solvency ratio shall not be less than 200% (based on the solvency data provided in the 2024 annual audit report issued by the accounting firm);
(4) Units with a good social reputation and no record of illegal practice or violations shall not participate in the selection process if they have been listed on the “Credit China” website as persons subject to enforcement for dishonesty (blacklist). The bidding units shall provide a screenshot from the “Credit China” website.
(5) We do not accept inquiries from consortia.
V. Submission of Quotation Documents and Related Matters
(1) The tender notice for this project is publicly posted in the bidding announcement section of the corporate transparency column on the official website of Chongqing Xiangyu Salt & Chemical Co., Ltd., at www.cqxyyh.com. Any potential bidders who voluntarily wish to participate may download the relevant documents themselves from the date of online posting until the deadline for submitting their comparative bidding responses. No registration is required for this project; direct comparative bidding is conducted.
(2) Mailing address for the bid evaluation response documents: No. 98 Longxiang Avenue, Wanzhou District, Chongqing City (Office 201, Chongqing Xiangyu Salt & Chemical Co., Ltd.).
(3) Deadline for Submission of Quotation Documents: By 17:10 on August 20, 2025, please seal and mail or deliver in person to Office 201 of our company (the date of receipt shall prevail) both the original, freshly stamped bid response documents and a copy of the electronic version of the documents stored on a USB drive. At the same time, please send the electronic version of the bid response documents to the quotation email address of Chongqing Xiangyu Salt & Chemical Co., Ltd.: xiangyuyanhua@126.com. The deadline mentioned above is the final deadline for submitting quotations; quotation documents delivered after the deadline will not be accepted. Bidders are not required to participate in the bidding process on-site.
VI. Circumstances for Cancellation of Bidding
(1) The quotation documents are not sealed as required;
(2) The candidate’s name does not match the business license and qualification certificates provided;
(3) The commitment letter and quotation list do not meet the requirements for signatures and seals;
(4) The business license, qualification certificates are not provided, or they have expired; or the business scope on the business license and the specialty and qualification level indicated on the qualification certificates do not meet the requirements.
(5) Other circumstances that have been unanimously decided by the selection committee to be invalidated;
7. Project Contact Information
Contact: Li Jian | Phone: 13709439977

Disclaimer: The official platform 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 such unauthorized reproductions.