Private company
Aramco Financial Services Company
The Certificate of Financial Responsibility (COFR) program was created to ensure that tankers, barges, and other vessels used to transport oil and chemical-based products on U.S. should bear any ensuing cleanup costs from spills or leaks. This is based on the Oil Pollution Act of 1990 and other environmental statutes.2 Wikipedia text CC BY-SA 4.0
Last updated Oct 21, 2026.
Overview
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The Certificate of Financial Responsibility (COFR) program was created to ensure that tankers, barges, and other vessels used to transport oil and chemical-based products on U.S. should bear any ensuing cleanup costs from spills or leaks. This is based on the Oil Pollution Act of 1990 and other environmental statutes.2
Products and brands
Aramco Financial Services Company (AFSC) is a wholly owned subsidiary of Saudi Refining, Inc., and ultimately of Aramco Services Company. AFSC serves as the financial guarantor for the Certificates of Financial Responsibility issued by the U.S. Coast Guard to the tanker fleet owned and operated by Vela International Marine, Ltd. This service guarantees the financial liability obligations of the Vela fleet under the Oil Pollution Act of 1990, and ensures the ability of Vela-owned tankers to deliver crude shipments to U.S. ports.
From Wikipedia’s article on Aramco Financial Services Company, shared under CC BY-SA 4.0.3
Links
- WikipediaAramco Financial Services Company
- WikidataQ4784012
Sources
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