1. Custody transfer metering measures product supplied to customers for billing purposes using flow meters, pressure/temperature sensors, and flow computers.
2. Common flow meters are Coriolis, ultrasonic, and turbine meters which use different principles like density changes or sound/rotation to measure flow.
3. Meter proving tests flow meter accuracy under operating conditions by comparing measured volumes to a prover of known volume, establishing correction factors like K-factors and M-factors.