API MPMS Chapter 12.1.1:2012

This standard is intended to guide the user through the steps necessary to calculate static liquid quantities, at atmospheric conditions, in upright, cylindrical tanks and marine tank vessels. The standard defines terms employed in the calculation of static petroleum quantities.The standard also specifies equations that allow the values of some correction factors to be computed. Fundamental to this process is the understanding that in order for different parties to be able to reconcile volumes, they must start with the same basic information (tank capacity table, levels, temperatures, and so forth) regardless of whether the information is gathered automatically or manually.This standard does not address the calculation of clingage, non-liquid material, small quantities (such as onboard quantities, quantities remaining on board, and Wedge Formula, where material is not touching all bulkheads on marine vessels), and vapor space calculations.