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. 2.31 What is the term for the amount to be paid by the Charterer if a vessel is delayed beyond the terms allowed in the Charter Party?1) a. Dispatch money
2) b. Demurrage
3) c. Disbursement
4) d. Penalty money
| 3. 2.30 What is ullage?1) a. The depth of the empty space above the liquid in a tank
2) b. The height of the free water in a tank
3) c. The length of an ullage tape
4) d. The depth of the liquid in a tank
| 4. 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
| 5. 2.01 What does the API Gravity scale indicate?1) a. Density
2) b. Volume
3) c. Weight in Vacuum
4) d. Ratio of weight to density
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