1. 2.18 What is Net Standard Volume (NSV)?1) a. The total volume of all petroleum liquids, excluding sediment and water and free water, corrected to a standard temperature by the appropriate volume correction factor for the observed temperature and density
2) b. The total volume of all petroleum liquids, excluding sediment and water, but including free water, corrected to a standard temperature by the appropriate volume correction factor for the observed temperature and density
3) c. The total volume of all petroleum liquids and free water, excluding sediment and water, corrected to a standard temperature by the appropriate volume correction factor for the observed temperature and density
4) d. The total volume of all petroleum liquids and sediment and water and free water, corrected to a standard temperature by the appropriate volume correction factor for the observed temperature and density
| 2. 2.08 What is clingage?1) a. The wedge shaped volume of oil remaining in a tank after discharge
2) b. The non-liquid wedge-shaped volume of oil remaining in a tank after discharge
3) c. The cargo that adheres to the internal vertical surfaces of a tank after it has been emptied.
4) d. The ability of a liquid to cling to the inside surface of a container
| 3. 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
| 4. 2.19 What is Total Calculated Volume (TCV)?1) a. GSV plus free water
2) b. NSV plus free water
3) c. GSV less sediment and water
4) d. NSV plus sediment and water
| 5. 2.16 What is Gross Observed Volume (GOV)?1) a. The total measured volume of all petroleum liquids, sediment and water, and free water at observed temperature
2) b. The total volume of all petroleum liquids and sediment and water, excluding free water, at observed temperature
3) c. The total volume of all petroleum liquids excluding sediment and water and free water, at observed temperature
4) d. The total volume of all petroleum liquids and sediment and water, excluding free water, corrected to a standard temperature by the appropriate volume correction factor for the observed temperature and density
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