The custody transfer point of the RBOB between the terminal operator and the exchange company is normally at the loading arm connection to the transport. Since the title to the RBOB is therefore held by the exchange company and not the terminal operator a
Your interpretation is correct in the first situation. If, in the second situation, the transport truck operator controls the amounts of products to be splash blended in the truck, your interpretation is also correct.(7/1/94)
This question and answer was posted at Consolidated List of Reformulated Gasoline and Anti-Dumping Questions and Answers: July 1, 1994 through November 10, 1997 (PDF)(333 pp, 18.17 MB, EPA420-R-03-009, July 2003, About PDF)