1. 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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2. 2.24 What is the volume of all material in a tank at the observed temperature less the free water called?1) a. Total Observed Volume (TOV)
2) b. Gross Standard Volume (GSV)
3) c. Gross Observed Volume (GOV)
4) d. Remaining On Board (ROB)
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3. 2.14 What is an emulsion?1) a. A heavy viscous liquid
2) b. A heavy viscous liquid containing a large amount of entrained sediment
3) c. An oil & water mixture that does not readily separate
4) d. A layer of free water located above a heavy viscous petroleum product
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4. 2.18 What is Net Standard Volume (NSV)?1) a. The total volume of all petroleum liquids, excluding sediment and water and free water, corrected to a standard temperature by the appropriate volume correction factor for the observed temperature and density
2) b. The total volume of all petroleum liquids, excluding sediment and water, but including free water, corrected to a standard temperature by the appropriate volume correction factor for the observed temperature and density
3) c. The total volume of all petroleum liquids and free water, excluding sediment and water, corrected to a standard temperature by the appropriate volume correction factor for the observed temperature and density
4) d. The total volume of all petroleum liquids and sediment and water and free water, corrected to a standard temperature by the appropriate volume correction factor for the observed temperature and density
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5. 2.16 What is Gross Observed Volume (GOV)?1) a. The total measured volume of all petroleum liquids, sediment and water, and free water at observed temperature
2) b. The total volume of all petroleum liquids and sediment and water, excluding free water, at observed temperature
3) c. The total volume of all petroleum liquids excluding sediment and water and free water, at observed temperature
4) d. The total volume of all petroleum liquids and sediment and water, excluding free water, corrected to a standard temperature by the appropriate volume correction factor for the observed temperature and density
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