The "Code Stress" is the stress computed as per an equation in the Piping Code. Yes the equation used depends on the load case type (EXP, SUS, etc), as well as the active Piping Code (B31.1, B31.3, etc).
For a list of the equations used, refer to the Quick Reference Guide, or the Piping Codes.
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Regards,
Richard Ay - Consultant