Oil pollution and hazardous substance insurance for RRF vessels
Active Definitive Contract Awarded Last action
- Contract number
- 693JF725C000010
- Awardee
-
London & Norfolk LTD UEI JKD5YJ3BD9K6
- Awarding agency
-
Maritime Administration
Department of Transportation
- Obligated
- $520,000
Award facts
- Opportunity
-
- Amendment 0002: Oil Pollution and Hazardous Substance Insurance Solicitation · 693JF725R000003 · Posted Nov 27, 2024
- Contract value 18% obligated
-
- $780,000.00 Current, with exercised options
- $2,860,000.00 Potential, with all options
- Completion date 16% complete
- Current and potential, with all options
- NAICS code
- 524210 Insurance Agencies and Brokerages
- PSC
- R499 Support- Professional: Other
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 2 offers Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Place of performance
- Washington, DC 20590, USA
- Legislative mandates
-
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $0 | |
| Funding Only Action | $260,000 | |
| Other Administrative Action | $0 | |
| Funding Only Action | $260,000 | |
| Original award | $0 |
About this award
The Maritime Administration awarded a $2.86 million definitive contract to London & Norfolk LTD for oil pollution and hazardous substance insurance covering National Defense Reserve Fleet vessels on March 1, 2025, under firm fixed pricing with no set-aside.
The solicitation, posted November 27, 2024, with a December 27, 2024 deadline, sought an insurance provider offering coverage for potential oil spills from MARAD-owned vessels with policy limits ranging from $50 million to $100 million per incident and a $1 million deductible. The provider must maintain at least a B security rating from A.M. Best Company and demonstrate expertise in maritime insurance. The contract covers 55 vessels in the MARAD fleet transiting navigable waters worldwide, with coverage administered through seven ship managers and General Agents. Place of performance is Washington, DC 20590.
The contract structure spans a six-year base period from March 1, 2025, to February 28, 2031, followed by two optional 24-month periods extending potential completion to April 30, 2035. The contract allows for annual reconciliation of vessel coverage on a per-diem basis to accommodate fleet composition changes. NAICS code 524210 (Insurance Agencies and Brokerages) applies. No claims against similar insurance were reported in the five years preceding award.
Quick answers
Who was awarded contract 693JF725C000010?
693JF725C000010 was awarded to London & Norfolk LTD by Maritime Administration (Department of Transportation) on March 1, 2025.
How much is contract 693JF725C000010 worth?
The government has obligated $520,000 on 693JF725C000010. Its current value, with exercised options, is $780,000. Its potential value, with all options, is $2,860,000.
Was contract 693JF725C000010 competed?
The extent of competition for 693JF725C000010 was full and open competition. The government received 2 offers.
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