Crude Oil Data Exchange (CODE) is an electronic business standard sanctioned by the American Petroleum Institute.
[1] CODE was initially implemented as the standard in 1978.
Oil statement records were added to the system in January 1986.
In 1989, tank increment records were added to the standard.
[2] CODE users receive digitized run tickets, summary statements and tank tables to import into their accounting software in order to process this information electronically.