Pressurized Storage Tanks. To determine the total volume in each Tank, to include tank heels and adjusting for free water and BS&W, the following items will be measured and recorded for each pressurized vessel and the hydrocarbon storage cavern: • Tank location, Tank number, any Tank seal numbers and Tank type by site; • Date and time of gauging and sampling; • Tank contents (product/grade); • Any Automatic Gross Tank Inventory; • Temperature readings from the Tank’s temperature gauge according to Chapter 7 API Standard; • Pressure reading from the Tank’s automatic pressure gauge (if available); and • Pressure cylinders samples shall be drawn to determine the Tank contents, purity, density and any other properties as requested by the Inventory Team. The Inventory Team will determine which Products should be subjected to this step. The total Hydrocarbon Inventory for Products in pressurized storage tanks, for valuation purposes, is the Net Standard Inventory.
Appears in 6 contracts
Samples: Inventory Intermediation Agreement (PBF Finance Corp), Inventory Intermediation Agreement (PBF Finance Corp), Inventory Intermediation Agreement (PBF Energy Inc.)
