Lithuania Support Insurance Tender

From March 1 the collection of applications for compensation of crop and plant insurance premiums starts. Applications will be accepted by June 28th. municipalities in which the applicants agricultural holdings are registered.Support is provided under the activity Crop and plant insurance premiums of the measure Risk management of the Lithuanian Rural Development Program 20142020 RDP related to compensation of crop and plant insurance premiums. EUR 3 076 258 of funding has been allocated to this application period. This is the first application stage this year the second application period will begin on 2 September. and will end on December 31st.Who can applyApplications may be made by crop horticultural or gardening operators who wish to be compensated for crop and crop drought insurance premiums. Applicants may be natural or legal persons engaged in agricultural activities. Natural persons must be registered with the farmers holding and holding legal entities - having registered the holding in their own name.The insurance contract concluded by the applicant must provide for the loss-absorbing loss of more than 20 due to frost and or drought. farmers average annual production over the last three years. The average annual production of three years of the insured production is calculated on the basis of the average annual yield per hectare of the last three years of production of the last three years of production declared by the Department of Statistics of the municipality in which the agricultural activity entity is registered.Under one insurance contract the applicant may submit one application for support. The number of applications for support is not limited.Compensation is up to 70 percent. the amount of insurance premium paid Applicant for crop and or crop insurance against drought when insured for more than 20 percent. production losses up to 70 of the cost of the amount of insurance premium paid. However the amount reimbursed may not exceed the amount of insurance premiums declared per 1 ha of the area of crop and or plant determined by the Order of the Minister of Agriculture of the Republic of Lithuania.Ways of Buying Insurance ServicesBefore concluding insurance contracts both natural and legal persons must purchase insurance services in accordance with the rules and administrative rules for the procurement of goods services or works of the Project Executor applying for support from the European Agricultural Fund for Rural Development under the Lithuanian Rural Development Measures for 20142020. Meanwhile contracting authorities must carry out procurement in accordance with the Public Procurement Act. If the buyer is not a contracting authority and the sum of the crop and or plant insurance services purchased is equal to or more than EUR 58000 the applicant must carry out the procurement by tender or negotiation. Negotiated purchasing can be done when goods services or works can only be provided by a specific supplier for technical or other objective reasons and there is no alternative. While the value of the insurance services is less than EUR 58 000 in order to justify the amount of the eligible costs at least three commercial offers from different suppliers based on the total amount of aid requested must be submitted. If there are fewer suppliers on the market less than three commercial offers can be made. Insurance contract - before submitting the applicationBefore submitting an application the farmer must sign an insurance contract insurance application with the insurance company for a maximum of one vegetation period and must include data on the insurance undertaking and the entity to which the insured product belongs each plant species and area the amount of the premium for each plant species the sum insured for each type of plant the insurance period the areas of the insured plants according to the type of plants and the risks covered and 20. average annual output of three years for each type of insured product. The applicant must pay the entire insurance premium payable under the insurance contract only after the date of submission of the application for support to the municipality. Support is paid regardless of whether the insured event occurred or notAs of 1 June of the current year the Beneficiary having paid the insurance company all the insurance premiums specified in the insurance contract and declared agricultural land in the current year. until August 15 of the current year must submit the following documents to the municipality copies of the insurance contract and any amendments to the insurance contract in case the insurance contract has been revised or terminated during its validity period the originals or copies of the claims of all occurrences of the insured events if any and explanations regarding the return of the damaged crops copies of all documents certifying payment of insurance premiums specified in the insurance contract. Support is paid regardless of whether the insured event occurred or not. Possibility to receive part of the support earlierThe total estimated amount of aid to the farmer and or the crop to the farmer shall be paid within one year of the decision granting the aid. The beneficiary was given the possibility of partial compensation of 50. estimated preliminary support amounts based on the amount of insurance premium paid earlier. In such a case the beneficiary shall before 1 April t must apply to the Municipality and provide a copy of the insurance contract and copies of all the documents confirming the payment of insurance premiums specified in the insurance contract. Partial compensation will be paid by 30 July of the current year.