Posts Tagged commodity changes
Custody transfer flow meters are used to determine how much of a commodity changes hands in exchange for some monetary, financial or other recognized trade consideration.
All custody transfer applications involve at least one buyer and one seller. During custody transfer, accuracy is of great importance to both the company delivering the material and the recipient.
In order to ensure reliable and accurate measurement, devices are certified for custody transfer by a nationally recognized body. For Coriolis flow sensors, custody transfer approvals are mandated by the US National Conference on Weights and Measures office.