To cover Risk-Based Inspection (RBI) for storage tanks: Should I use it? Will the regulations accept it? What can go wrong? What are the pros and cons? Can I trust it?
Description
The concept of Risk-Based Inspection (RBI) was popularized by API 580 & 581. The complex requirements make RBI implementation opaque, hard to understand and audit for compliance. The talk will cover the history & background, what the industry feedback is, conditions under which it should be allowed, and basic guidelines to validate the methodology for applying RBI to tanks. A brief discussion of similar service assessments will be included.
