In this report, Taku Engineering summarized their review of documents associated with the American Petroleum Institute (API) 653 Out-of-Service inspections of Crude Oil Storage Tank 2 at the Alyeska Pipeline Service Company (APSC) Valdez Marine Terminal (VMT). The intent was to identify opportunities for reducing the risks of a future leak associated with the VMT tanks. The report includes background on Tank 2, along with Taku’s findings and recommendations.