Saudi Aramco GI 203.003 AGREEMENTS - FUNCTIONAL REVIEW GUIDELINES

This document is Saudi Aramco General Instruction GI 203.003, outlining the Functional Review Guidelines for Agreements. It details the structured process managed by the Accounting Policies & Systems Department (AP&SD) to ensure all agreements involving financial commitments, liabilities, or reputational risks for Saudi Aramco and its subsidiaries undergo a thorough functional review.

Key topics covered include the scope of agreements requiring review, the formal review process, adherence to timelines, handling of out-of-scope agreements, and the specific responsibilities of all involved parties. This guideline is crucial for managing financial commitments, safeguarding assets, identifying process improvements, and clarifying contentious points within various contractual arrangements.

It provides a systematic approach to agreement evaluation, ensuring compliance with Saudi Aramco policies and procedures. Ideal for contract managers, legal advisors, financial analysts, and procurement specialists working in the oil and gas industry or similar large organizations.