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Int’l Bank of Azerbaijan announces tender to select insurance company

Economy Materials 8 November 2017 11:50 (UTC +04:00)

Baku, Azerbaijan, Nov. 8

By Leyla Abdullayeva – Trend:

The International Bank of Azerbaijan (IBA) has announced a tender to select a company for provision of insurance services on two lots:

Lot 1 - compulsory insurance of the bank’s real estate, as well as compulsory liability insurance associated with the operation of real estate.

Lot 2 - compulsory and voluntary insurance of vehicles that are on the bank’s balance sheet.

The tender participation fee is 100 manats ($58.88 as of Nov. 8), which should be transferred to the following accounts: AZ12IBAZ34501019440000100100 AZN, AZ33IBAZ34511018400000100100 USD

Taxpayer Identification Number (TIN): 9900001881

Bank: International Bank of Azerbaijan

Code: 805250

Swift code: IBAZAZ2X

Correspondent account: AZ03NABZ01350100000000002944

Bidders should submit the following documents:

- a written application for participation in the tender;

- a bank check on transfer of participation fee;

- tender proposal (must be valid within 30 days from the date of opening the envelope);

- 1-percent bank guarantee (must be valid within 60 banking days from the date of opening the envelope);

- certificate on absence of tax arrears and other overdue obligations from the Ministry of Taxes of Azerbaijan;

- a copy of financial statement for the last one year of activity confirmed by the tax authorities;

- bank statement on financial condition for 2016;

- company’s full name, legal status, charter, country of registration and details;

- certificates of origin and conformity to the relevant goods;

- other documents.

Bidders must submit the above mentioned documents (excluding the tender proposal and bank guarantee) until 17:00 (GMT+4), Nov. 22, 2017, and the tender proposal and bank guarantee in a sealed envelope until 17:00, Nov. 28, 2017 at the following address: Nizami Str., 67, Baku (contact person: Emin Ibrahimov, phone: (+994 12) 493-00-91 (ext.:2700, 2703).

Email: [email protected]

Tender envelopes will be opened at 11:00 on Nov. 29, 2017.

Authorized representatives of applicants can take part in the tender.

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