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CODE meaning in Computing ?

Computing Miscellaneous in Computing . 2 years ago

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What is Crude Oil Data Exchange mean?

Crude Oil Data Exchange (CODE) is an electronic business standard sanctioned by the American Petroleum Institute. CODE was initially implemented as the standard in 1978. It provides field formats and record layouts to facilitate the transmission of crude oil run tickets between oil producers and oil transporters. Oil statement records were added to the system in January 1986. In 1989, tank increment records were added to the standard.

CODE users receive digitized run tickets, summary statements and tank tables to import into their accounting software in order to process this information electronically.

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Posted on 26 Apr 2022, this text provides information on Computing related to Miscellaneous in Computing. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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