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A 'bulk' litre (or 'liter' in the US) is the volume of a liquid as measured, that is its actual volume.

A 'standard' litre is the volume of the liquid if it were at standard temperature and density. It is possible to convert from one unit to the other if you know the temperature of the liquid (which can be difficult if it varies throughout its volume).

In practice, the difference between the two only becomes significant for large quantities of liquid (thousands of litres) and for liquids that are traded by 'standard' volume (such as fuel oil).

You need to know the 'bulk' litres if you are transporting a large quantity of fuel oil, because you need to know the actual volume of liquid. However, you need to know the 'standard' litres if you are buying or selling that same quantity of fuel oil as its price is based on 'standard' volume.

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Q: What is the meaning of bulk liter?
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