Element 02×Commercial

Commercial in Policies

Policies and Standards

This element holds the non-negotiable commercial rules — procurement, tendering, single-source justification, sanctions and ESG requirements.

Standard 5

  • Supply Chain Management Key ControlsIn 1 of 3 operator registersCompany-wideAlso in EI PSM · 18 Contractor and supplier, selection and managementNot process safetyNot safety case critical
  • Marine Operations and Vessel Assurance StandardIn 1 of 3 operator registersCompany-wideAlso in EI PSM · 18 Contractor and supplier, selection and managementAlso in Process Safety · Operating integrityNot safety case critical
  • Anchor Handling and Tow Vessel StandardTypical exampleCompany-wideAlso in EI PSM · 18 Contractor and supplier, selection and managementAlso in Process Safety · Operating integrityNot safety case critical
  • Competitive Tendering RequirementsTypical exampleCompany-wideAlso in EI PSM · 18 Contractor and supplier, selection and managementNot process safetyNot safety case critical
  • Single Source Justification StandardIn 1 of 3 operator registersCompany-wideAlso in EI PSM · 18 Contractor and supplier, selection and managementNot process safetyNot safety case critical

Process, procedure, work instruction 1

  • Import Requirements for International PurchasesTypical exampleRegion · addsAlso in EI PSM · 18 Contractor and supplier, selection and managementNot process safetyNot safety case critical
"This element sets out the non-negotiable rules."
  • →The procedures that deliver compliance — (Plans and Procedures)E07 Procedures
  • →The execution by contract holders — (Execution of Activities)E08 Execution
  • →The audit of compliance — (Assurance, Review and Improvement)E10 Assurance