Who pays for the lost down time in the oil rig industry due to faulty GE bolts in the BOP system? It seems to me that if GE supplied the bolts which corroded due to faulty material that GE would be liable.
This downtime in the deepwater rigs will be enormous.
If GE made them to the correct specifications, not much you can do.
I woud think the bolts would need to be made of a non-ferous material if in salt water.
Maybe a high cobalt material ? Stainless is uselss in salt water.