OREANDA-NEWS. August 27, 2013. 1. The Central Bank of the Republic of Azerbaijan holds an open tender under the the Law of the Republic of Azerbaijan on Public Procurements on a combined insurance package consisting of insurance of fixed assets, cash and vehicles (CASCO) in its balance.

The Tender procedure is to be held at the administrative tower of the Central Bank ( R.Behbudov, 32, Baku city) on 15:00, 24 September, 2013.

2. Any insurance company, licensed to carry out insurance activities in accordance with the legislation of the Republic of Azerbaijan (provided that the license is valid for at least 12 months from 01 November, 2013), received an official agreement from the Ministry of Finance of the Republic of Azerbaijan on fulfilling the above types of insurance and included into Compulsory Insurance Bureau Participant Insurers’ Registry on relevant compulsory insurance types may act as a Bidder.

Capital of the Bidder shall not fall below the amount of AZN 5mln required for Insurers pursuant to the order number Q-13 by the Board of the Minstry of Finance of the Republic of Azerbaijan dated 29 November 2010.

3. Bidders should submit the following documents to be eligible: - tender application; - notarized copies of documents confirming legal status of the Bidder (Charter, certificate of state registration or statement from registry, etc); - Copies of special permit( license) given to the Bidder for insurance activity in the Republic of Azerbaijan and permit of the Ministry of Finance of the Republic of Azerbaijan on insurance of property and cash against fire and other risks, as well as on insurance of means of transportation (CASCO); - In the event that reinsurance is carried out by foreign reassurance company the data confirming the entry of foreign reassurance company to the relevant registry of the Ministry of Finance of the Republic of Azerbaijan (the information shall be provided even if reassurance is fulfilled by foreign insurance broker); - Signed and sealed reinsurance certificates confirming the risk allocation by Reinsurers with the rating specified in the RFP; - document confirming authorities of the persons empowered to sign the tender offer and procurement contract; - bank reference confirming payment of the participation fee; - two copies (original and copy) of the tender proposal in Azerbaijani (to be valid through 08 November 2013); - bank guarantee in the amount of 1 (one) percent of the tender proposal (in the format specified in the RFP and to be valid through 23 December 2013); - bank statement on financial standing over the past one (1) year; - Financial Report for 2012 together with auditor opinion, including copies of quarterly Financial Reports of 2013; - Report submitted to the Ministry of Finance in the last two quarters of 2013 on direction of Insurer’s funds, as well as funds providing insurance reserves to investment and report on aggregate capital (Form # 6); - Reference from a tax authority denying any outstanding liability on taxes and other compulsory charges; - Necessary data required in the RFP on adequacy of the Bidder’s qualification.

4. The bidder shall submit the signed and sealed bid and the bank guarantee in a two-fold envelope until 18.00, 23 September 2013, and other sealed and signed necessary documents in closed envelopes to the CBAR administrative tower located at 32, R.Behbudov Str, Baku city not later than 18.00, 13 September 2013. Bids submitted later than the fixed date shall be returned without opening and the bidder will not be allowed to the tender.

5. Participation fee is AZN 200 (two hundred). Bidders shall transfer the participation fee to the following account: Central Bank of the Republic of Azerbaijan, a/n AZ25NABZ01701190000000001944, c/a AZ74NABZ01451700000000001944, code 501004, TIN 9900071001; S.W.I.F.T. BIK NABZAZ2C Payment Systems and Settlements Department of the CBA.

6. The start date for the Service is due on 01 November, 2013. The start date for the Service on compulsory insurance of automobile owners’ civil responsibilty is due on 24 January, 2014.

7. Service duration: 12 months.

8. Proposals shall be evaluated on the basis of the below factors: price, insurance terms on offered service package, franchise amount, reinsurers’ rating.

9. Insurance companies, willing to participate in the tender may get the RFP in Azerbaijani from the CBAR Administrative tower, located at 32, R.Behbudov Str., Baku city through submission of the bank reference confirming payment of the participation fee. Coordinators:

Jeihun Samandov (Administrative Department). Phone: 493-11-22 (599). Elvin Shirdanov (Legal Department). Phone: 493-11-22 (428).