Bill of lading (B/L) Bill of lading are the most important document of nearly all contracts of carriage by sea. Once issued, a bill of lading: Acts as a receipt for the cargo shipped; Represents the contract of carriage between… Read More ›
Oil & Gas Notes
My notes around the oil & gas industry
This is the regulatory requirement for getting the terminal up and running. Trade License for terminal (state regulations). Storage License (Federal regulation, under KPDNHEP). Petroleum license (Federal regulations, under KPDNHEP, PDA 1974) . Terminal gazetted as “Protected Area” (Federal regulations)…. Read More ›
When calculating Vessel Experience Factor (VEF), only the most recent 20 voyages should be used. And. A valid VEF is one that results from at least 5 qualifying voyages.
Here what to do if the vessel incurs an in transit loss of product and an in transit gain in water: Obtain samples of the free water. Might be needed for salinity test. Check the vessel’s bunkers and bunker consumption… Read More ›
A US barrel has a volume of 42 US gallons.
What does an innage, sounding or dip measure? The depth of the liquid in a tank What is ullage? The depth of the empty space above the liquid in a tank