Saudi Aramco GI 86.010 CLAIMS AGAINST THIRD PARTIES FOR DAMAGE OR LOSS AND EXCEPTIONAL MARINE ASSISTANCE

This Saudi Aramco General Instruction Manual, GI 86.010, details the procedures for managing claims against third parties for damages, losses, or exceptional marine assistance rendered to vessels within Saudi Aramco's ports and terminals. It outlines the comprehensive process for documenting, charging, and securing payments from external entities whose operations result in financial liabilities for Saudi Aramco.

Key topics covered include identifying and investigating chargeable events, estimating financial guarantee requirements, obtaining crucial guarantee documents like Letters of Undertaking (LOU) and Bank Guarantees (BG), and the step-by-step procedures for claim invoicing, collection, and potential write-offs. The manual also clarifies responsibilities across various departments, including Terminal Operations, Finance, and the Law Organization, ensuring a structured and accountable approach to claims management.

Understanding these procedures is vital for the effective recovery of costs associated with third-party incidents. Ideal for claims adjusters, port operations managers, financial controllers, and legal counsel working in maritime and oil & gas industries.