API Publ 353

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.