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Paint and Coatings Industry Standards
D95 Standard Test Method for Water in Petroleum Products and Bituminous Materials by Distillation
5.1 A knowledge of the water content of petroleum products is important in the refining, purchase, sale, and transfer of products.
5.2 The amount of water as determined by this test method (to the nearest 0.05 or 0.1 volume?%, depending on the trap size used) may be used to correct the volume involved in the custody transfer of petroleum products and bituminous materials.
5.3 The allowable amount of water may be specified in contracts.