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An oil tanker (Otherwise known as Vessels or VSL for shot), also known as a petroleum tanker, is a merchant ship designed for the bulk transport of oil. There are two basic types of oil tankers: • The crude tanker and • The product tanker. THE CRUDE TANKER: The Crude Tanker move large quantities of unrefined crude oil from its point of extraction to refineries. The Crude Oil Tankers are often classified by their size as well as their occupation. The size classes range from inland or coastal tankers of a few thousand metric tons of Deadweight (DWT) to the mammoth ultra large crude carriers (ULCCs) of 550,000 DWT THE PRODUCT TANKER: Product tankers, generally much smaller, are designed to move petrochemicals from refineries to points near consuming markets. Tankers move approximately 2,000,000,000 metric tons (2.2×109 short tons) of oil every year. Some specialized types of oil tankers have evolved. One of these is the “Naval Replenishment Oiler”, a tanker which can fuel a moving vessel. Combination “Ore-Bulk-Oil carriers” and permanently moored “Floating Storage Units” are two other variations on the standard oil tanker design. Oil tankers have been involved in a number of damaging and high-profile Oil spills. As a result, they are subject to stringent design and operational regulations.