Statistical Inventory Reconciliation definition

Statistical Inventory Reconciliation means a procedure to determine whether a tank is leaking based on the statistical analysis of measured throughput and a series of daily inventory records taken manually by the tank owner or operator or recorded electronically.
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Statistical Inventory Reconciliation or “SIR” means Release Detection methods based on the application of statistical principles to inventory data.
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Statistical Inventory Reconciliation or “SIR” means a method using statistics and simple inventory reconciliation to determine if a tank system is leaking. SIR providers shall use a method that has been approved in writing for use in the UST program by the U.S. Environmental Protection Agency.
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Examples of Statistical Inventory Reconciliation in a sentence

  • The operator is presumed to be causing a discharge of oil to state lands and must report the discharge to DEQ immediately.All requirements of the “AST Statistical Inventory Reconciliation Checklist” (Appendix S) must be met and included in the ODCP.

  • Statistical Inventory Reconciliation (SIR) is an acceptable method of leak detection and is included as an option.The most desirable and cost-effective leak detection method for an individual site depends on the tanks and piping, product stored, site conditions, business schedule, spill history, and other factors.

  • Statistical Inventory Reconciliation (SIR) analysis departs from conventional inventory control procedures in that the analysis discloses characteristic errors introduced to the product inventory data during the inventory measurement and record keeping process.

  • Statistical Inventory Reconciliation (SIR) is an acceptable alternative method for early detection of a discharge to groundwater for ASTs and associated piping.

  • LEAK DETECTION FOR PIPINGInterstitial Monitoring with Sump Alarms Interstitial Monitoring Visual Monitoring Annual Line Tightness Testing Electronic .2 gph Line Leak Detectors Mechanical 3 gph Line Leak Detectors Statistical Inventory Reconciliation Other method allowed by the state (specify) 18.

  • Also, UST systems that have been in delivery prohibition for more than 12 months are required to permanently close in accordance with the requirements in 20.5.115 NMAC (20.5.115.1501(D) and(F) NMAC).New Mexico requires owners and operators who use Statistical Inventory Reconciliation (SIR) for release detection on underground pressurized piping to conduct an annual line tightness test, whereas in Federal owners may choose to use another form of monthly monitoring instead.

  • At the end of each month the owner/operator must perform a monthly leak check by: • Submitting the previous 30 days of inventory data to a Statistical Inventory Reconciliation (SIR) vendor.

  • Recognized methods of leak detection are:• Groundwater Monitoring;• Vapor Monitoring;• Interstitial Monitoring with Release Prevention Barriers (RPB);• Visual Interstitial Monitoring;• Statistical Inventory Reconciliation (SIR); and• Visual Monitoring.

  • The evaluating organization is responsible for completing this form at the end of the evaluation.2. Description of Statistical Inventory Reconciliation Method.

  • The report should be structured so that this results form can be easily reproduced for wide distribution.The second part of thestandard report consists of the Description of the Statistical Inventory Reconciliation Method.


More Definitions of Statistical Inventory Reconciliation

Statistical Inventory Reconciliation means an approved monthly monitoring method for underground storage tanks (USTs) and piping as outlined in the Environmental Code of Practice for Aboveground and Underground Storage Tank Systems Containing Petroleum and Allied Petroleum Products.
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Statistical Inventory Reconciliation or “SIR” means a method using statistics as well as simple inventory reconciliation to determine if a tank system is leaking. SIR providers must use a method which has been approved in writing for use in the UST program by the Environmental Protection Agency.
Sample 1Sample 2Sample 3
Statistical Inventory Reconciliation or "SIR" means a leak-detection system that uses computer software to conduct a statistical analysis of inventory, delivery, and dispensing data collected over a period of time to determine if a UST system is leaking.
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Related to Statistical Inventory Reconciliation

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Auditing Services means those services within the scope of the practice of a certified public accounting firm licensed under Chapter 473 of the Florida Statutes, and qualified to conduct audits in accordance with government auditing standards as adopted by the Florida Board of Accountancy.

  • Accounts Receivable means in respect of any Person, (a) all trade accounts and notes receivable and other rights to payment from customers and all security for such accounts or rights to payment, including all trade accounts receivable representing amounts receivable in respect of goods shipped or products sold or otherwise disposed of or services rendered to customers, (b) all other accounts and notes receivable and all security for such accounts or notes, and (c) any claim, remedy or other right relating to any of the foregoing.