The purpose of this work was to characterize the localizated corrosion phenomenom in the weld region of offshore mooring chains type ORQ. In this sense, a number of chain links were selected after finishing their projected life time without corrosion signs (chains without corrosion) as well as chain links which showed a reduced life time caused by localizated corrosion (chains with corrosion). Initially, a microetructural characterization, that revealed a strong ferrite-pearlite banding, as well as mechanical testing were carried out for both material´s conditions. In the sequence, eletrochemistry tests evaluated the corrosion susceptibility of the different regions of the weld joint. The results showed that the heat affected zone concerning the chains with corrosion was the anodic region, with high corrosion rate, while the same region on the not corroded chains was the cathodic one, with low corrosion rate. After that, the heat affected zone regarding the corroded chains was subjected to different heat treatments aiming to reduce its corrosion rate. The annealing heat treatment, previous to quenching and tempering, was considered important in order to decrease the corrosion rate of this region. Finally, the welded joints in both conditions were analyzed by means of X-ray diffraction, which pointed to the presence of second phase particles containing nickel and chromium in the heat affected zone of the corroded chains. The hardening and the high corrosion susceptibility showed by this region was attributed for these particles.