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Title: Marine Crude Oil Terminal Measuring Systems
Author: Wayne T. Lake
Source: 1988 International School of Hydrocarbon Measurement
Year Published: 1988
Abstract: Marine Crude Oil Terminal Measuring Systems are used to accurately determine the quantity of crude transferred when loading or discharging marine vessels. The quantity determined is used for the Bill of Lading in the purchase of crude, transportation cost, royalty and tax assignments, and customs tax. An average sized crude carrier transports 500,000 barrels or 9,000,000 worth at current prices of 18 per barrel. Even small errors in a cargo of this size cause large financial gains or losses and can not be tolerated making it important to measure as well as possible.

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