Tankerman · Cargo Calculations — Volume Correction Factor

The Gross Observed Volume is 4,950 barrels and the Volume Correction Factor (VCF) for the observed temperature is 0.9900. What is the Gross Standard Volume (at 60°F)?

Explanation

Gross Standard Volume = GOV × VCF = 4,950 × 0.9900 = 4,900.5 barrels. The VCF (from API/ASTM tables, keyed to API gravity and temperature) corrects the observed volume to the 60°F standard, since petroleum expands and contracts with temperature.

Authority: API MPMS Ch. 11/12; ASTM-IP 54 tables

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