Crude Oil Data Exchange (CODE) is an electronic business standard sanctioned by the

American Petroleum Institute The American Petroleum Institute (API) is the largest U.S. trade association for the oil and natural gas industry. It claims to represent nearly 600 corporations involved in production, refinement, distribution, and many other aspects of the ...

. 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.''Run Ticket Connect''
at Oildex.com. Accessed February 14, 2008.

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External links

American Petroleum InstitutePetroleum Industry Data Exchange Committee
Data collection {{database-stub Petroleum