1. 2.15 What is Total Observed Volume (TOV)?1) a. The total measured volume of all petroleum liquids, sediment and water, and free water at observed temperature
2) b. The total measured volume of all petroleum liquids, sediment and water but excluding free water, at observed temperature
3) c. The total volume of all petroleum liquids and sediment and water, corrected to a standard temperature by the appropriate volume correction factor for the observed temperature and density
4) d. The total measured volume of all petroleum liquids excluding water and sediment, at observed temperature
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2. 2.07 What is a Bill of Lading?1) a. A receipt for the cargo
2) b. Evidence of the contract
3) c. A document confirming ownership of cargo
4) d. Answers a., b. and c. are all correct
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3. 2.33 What is the name given to the factor calculated from the ratios of historical Total Calculated Volumes (TCV) of a vessel (less OBQ/ROB) with the corresponding historical Total Calculated Volumes (TCV) of shore delivered/received volumes?1) a. Voyage Analysis Factor
2) b. Tank Correction Factor
3) c. Vessel Experience Factor
4) d. Ullage Correction Factor
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4. 2.31 What is the term for the amount to be paid by the Charterer if a vessel is delayed beyond the terms allowed in the Charter Party?1) a. Dispatch money
2) b. Demurrage
3) c. Disbursement
4) d. Penalty money
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5. 2.34 What is the name given to the mixture of oil, tank washings, water and sediment collected in a designated ship s tank?1) a. Polluted oil
2) b. Merchantable oil
3) c. Slops
4) d. Hazardous waste
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