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Title: Gauging, Testing And Running Of Lease Tanks
Author: Steve Odom
Source: 1999 International School of Hydrocarbon Measurement
Year Published: 1999
Abstract: The definition of 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 responsibilities for commodities. Quantity is determined by gauges taken and the temperature at the time of gauging. Quality is determined by the gravity and the sediment and water percentage of the liquid. American Petroleum Institute guidelines, company preferences, and accepted industfy practices may determine the methods and procedures used. The end result will be the same, and the physical and fiscal transfer will change ownership and responsibility of the liquid.

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