OK. I will try again.
Gross Standard Volume (GSV) - The total volume of all petroleum liquids and sediment and water, excluding free water, corrected by the appropriate volume correction factor (Ctl) for the observed temperature and API gravity, relative density, or density to a standard temperature such as 60°F or 15°C and also corrected by the applicable pressure correction factor (Cpl) and meter factor.
Total Observed Volume (TOV) - The total measured volume of all petroleum liquids, sediment and water, and free water at observed temperature and pressure.
Net Standard Volume (NSV) - The total volume of all petroleum liquids, excluding sediment and water and free water, corrected by the appropriate volume correction factor (Ctl) for the observed temperature and API Gravity, relative density, or density to a standard temperature such as 60°F or 15°C and also corrected by the applicable pressure correction factor (Cpl) and meter factor.
To give you a better explanation, I think you need to find an engineer. I I can't really explain these in laymans terms.