Custody Transfers

Custody Transfers occur in the transferring of unrefined and refined petroleum from ship, barge, railcar, or truck. These Custody Transfers take place through the production process.

Custody Transfers or fiscal metering are one in the same. They refer to the commercial transaction of transporting substance from one party to another. During such a transaction it is critically important for both parties that the measurement of the substance being transported is accurate.

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