A linear programming problem in which it is required to find the least costly mix of ingredients which yields the desired product characteristics.
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COPPER STRIP CORROSION
A qualitative measure of the tendency of a petroleum product to corrode pure copper.
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HYDROMETEOR
Any product of the condensation or sublimation of atmospheric water vapor whether forme
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FERROUS HYDROXIDE
The reaction product of iron and water in the absence of oxygen; it remains soluble in the water Fe(OH)2.
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FREE ON BOARD
The cost of a product before transportation costs are figured in.
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FOREIGN TRADE ZONE
Known in some countries as a free zone, a foreign trade zone (FTZ) is a site within the USA (in or near a U.S. Customs port of entry) where foreign and domestic goods are held until they ready to be released into international commerce. If the final product is imported into the U.S., duties and taxes are not due until the goods are release into the U.S. market. Merchandise may enter a FTZ without a formal Customs entry or the payment of Customs duties or government excise taxes. In the zone, goods may
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FTZ
Known in some countries as a free zone, a foreign trade zone (FTZ) is a site within the USA (in or near a U.S. Customs port of entry) where foreign and domestic goods are held until they ready to be released into international commerce. If the final product is imported into the U.S., duties and taxes are not due until the goods are release into the U.S. market. Merchandise may enter a FTZ without a formal Customs entry or the payment of Customs duties or government excise taxes. In the zone, goods may
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CUSTODY TRANSFER
All Purchases, Sales and Exchanges involving third parties, or separate affiliated companies. Transfers using third party transportation.Transfers between business functions within an affiliate when there are legal, tax or significant product loss considerations.
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CRITICAL TANK
A tank used in custody transfer service or any tank which could have a significant product loss.
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PRODUCT CARRIER
A tanker used to carry refined oil products. Normally four different grades of oil can be handled simultaneously.
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HEAT RELEASE
The total quantity of thermal energy above a fixed datum introduced into a furnace by the fuel, considered to be the product of the hourly fuel rate and its high heating value, expressed in Btu per hour per cubic foot of furnace volume or square foot of heating surface.
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