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Title: Lact Unit Proving - The Role Of The Witness
Author: Wally Boudreaux
Source: 2017 International School of Hydrocarbon Measurement
Year Published: 2017
Abstract: Custody Transfer Measurement provides quantity and quality information used for the physical and fiscal documentation of a change in ownership and/or a change in responsibility for commodities. In any case, each party involved in an exchange wants to be fairly compensated for the quality and quantity so accuracy is always a joint priority. Because measurement errors can have both immediate and long-term impact, it is essential that custody transfer measurement is precis e and accurate with a minimum of bias errors. It is also important to establish and maintain a traceable chain that links the me assurement to appropriate industry standards. In this manner, fiscal transfers can be done equitably with the confidence of both the seller and buyer.

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