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Bulk Terminal Reports FAQ
EIA-801 (Weekly Bulk Terminal Report), EIA-811 (Monthly Bulk Terminal Report)
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Contact Survey Managers:
EIA-801: Larry Alverson, (202) 586-5846
EIA-811: Michael Conner, (202) 586-1795
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Available FAQ:
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Answers:
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- Q. Should a company report inventory even though it doesn’t own the product? (7/26/2004)
- A. EIA reports inventory reporting based on custody and not who owns the product. All terminal operators are required to file reports for terminals that they operate. Terminal operators are considered to have custody of product at their terminals. A company reporting inventory of product based on ownership when the product was located at a terminal operated by another company would almost certainly cause a double-counting problem in aggregate inventory statistics published by EIA. Leased tanks sometimes create special circumstances depending on the nature and terms of the lease. In some cases, the company that leasing tanks effectively takes over operation of a portion of a terminal and ends up reporting the inventory because they may be the only ones with adequate records of what is in the tanks. This situation is unusual, but it happens. When in doubt, the best thing to do is to contact the operator of a terminal where you have leased tanks and make sure the terminal operator includes the inventory on their weekly and monthly bulk terminal reports (Forms EIA-801 and EIA-811). Back to Top
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