Release of vapours that had previously occupied space above liquid fuels stored in tanks. These releases occur when tanks are emptied and filled.
The pressure exerted by a vapour that is in equilibrium with a liquid.
A contracted price that can change by the hour, day, month, etc.
Provides a contractual option to buy or sell a non-financial item in a purchase and sales contract that can be settled net in cash or through another financial instrument. Such a contract, under International Financial Reporting Standards, can generally not apply the own use exemption to applying fair-value accounting to contracts. See Own use exemption.