1. 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
| 2. 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
| 3. 2.06 Which of the following are equivalent to a volume of one cubic metre?1) a. 264.172 US gallons
2) b. 6.28981 US Barrels
3) c. 1000 litres
4) d. Answers a., b. and c. are all correct
| 4. 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
| 5. 2.17 What is Gross Standard Volume (GSV)?1) a. The total volume of all petroleum liquids excluding free water, water and sediment, 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 including free water, water and sediment, 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 sediment and water, excluding free 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 including free water but excluding sediment and water, corrected to a standard temperature by the appropriate volume correction factor for the observed temperature and density
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