API PUBL 353:2006

Although the risk management principles and concepts in this document are universally applicable, this publication is specifically targeted at integrity management of aboveground liquid petroleum storage facilities. The applicable petroleum terminal and tank facilities covered in this document are associated with distribution, transportation, and refining facilities as described in API Std 2610 and API Publ 340.This document covers the issues of overall risk management, risk assessment, risk ranking, risk mitigation, and the performance measures applicable to an overall integrity management program. The appendices include two possible methodologies for conducting a risk assessment and a workbook that can be used to perform the risk assessment method outlined in Appendix A. It is important to note that it is not always necessary to perform a risk assessment. Typically, a risk assessment is performed if changes are being made to the facility. If a facility chooses to perform a risk assessment, it can use multiple methods. The appendices of this document present two available methodologies. If a facility decides to perform a risk assessment, it may elect to use one of these methods or a method obtained from a different source. The facility also may elect to develop its own risk assessment methodology. API does not intend to imply sole endorsement of any particular method used, and the ones presented in this document are for demonstration purposes only.The values stated for this document are in U.S. customary units with the International System of Units (SI) provided in parentheses.