1. 2.07 What is a Bill of Lading?1) a. A receipt for the cargo 2) b. Evidence of the contract 3) c. A document confirming ownership of cargo 4) d. Answers a., b. and c. are all correct
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2. 2.05 What does the abbreviation S&W stand for?1) a. Sand and Water 2) b. Sediment and Waste 3) c. Scale and Water 4) d. Sediment and Water
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3. 2.36 How is Gross Observed Volume (GOV) defined?1) a. The volume read from the strapping table 2) b. The total volume of all petroleum liquids and sediment and water, excluding free water, at observed temperature and pressure 3) c. The volume read from the strapping table corrected for roof displacement 4) d. The volume used to calculate vessel ratios
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4. 2.26 The Net Standard Volume (NSV) is the Gross Standard Volume (GSV) less?1) a. Total Calculated Volume (TCV) 2) b. Total Observed Volume (TOV) 3) c. Gross Standard Volume (GSV) 4) d. Sediment and Water (S&W)
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5. 2.15 What is Total Observed Volume (TOV)?1) a. The total measured volume of all petroleum liquids, sediment and water, and free water at observed temperature 2) b. The total measured volume of all petroleum liquids, sediment and water but excluding free water, at observed temperature 3) c. The total volume of all petroleum liquids and sediment and water, corrected to a standard temperature by the appropriate volume correction factor for the observed temperature and density 4) d. The total measured volume of all petroleum liquids excluding water and sediment, at observed temperature
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