WebTerms in this set (8) Volumetric loss is usually determined by comparing the discharge port outturn quantity to the load port Bill of Lading quantity. On a crude oil cargo which volume is compared. Volumetric shrinkage occurs when light hydrocarbons are mixed with crude oils. Which API MPMS chapter covers the subject of volumetric shrinkage. http://www.ifia-federation.org/content/wp-content/uploads/IFIA_Petroleum_Committee_Code_of_Practice.pdf
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