The closest I can think to "actual volume of crude" is the Net Standard Volume (NSV) which is the volume at standard temp. condition (60 deg. F) and corrected for API, water and sediment.
(Where did the 400 Mbbls figure came from ? Transfered from a "certified" tank ? measured by flow meter ?).
Assuming that the tank was not drained (water) and that sediment content is the same, if you calc. "standard volume" starting from either condition, you should arrive at the same result.
That is:
1) tank level (and convert to vol. with the tank's callibration tables)
2)tank temp. reading (and use tables for temp. correction for vol. and API gravity)
3)water and sediment (% from lab result of a sample, convert % to bbls and deduct from gross volume)
With these, calculate NSV (net standard volume)
A word of WARNING about conversion of LEVEL to BARRELS.
We were measuring Tank Level with RADAR gauges in metric units (callibrated in -milimeters-)
The Tank Callibration Tables however where in Imperial units (inches) with an appreciation of 1/16".
The application calculating tank volumes (for the inventory and mass balances of the tank farm) was taking the tank level readings direct from the radar readings (mm), it would then ROUND THE FIGURE to the nearest 1/16" to be able to use the tank callibration tables and calculate the volume (bbls).
This rounding process over time would accumulate sufficient error to get the operation of the tank farm off-spec. (accuracy limits for inventory / custody transfer mass balances etc.).
Hope this helps.
MS
MS