Custody-Transfer Ticket · API MPMS Chapter 12
The gross-to-net volume chain, CTPL, meter factor and S&W deductions in custody transfer
The volume of pure hydrocarbon (excluding water & sediment) at 60 °F and 0 psig — the figure custody transfers are settled on.
GOV = hydrocarbon+S&W after free water; GSV = GOV corrected to base (×CTPL×MF); NSV = GSV minus S&W.
For dynamic (metered) measurement, from proving. Static tank measurement uses 1.0000.