Yes the nozzle values are computed as described in your document. However, these values are the axis limits on the figures (the diamond and the triangle) in Appendix P.
To qualify your nozzle, you must draw these figures, appropriately labled, and then plot the loads from the CAESAR II restraint report. If the location of the plotted load is inside the figures, then the nozzle is acceptable according to API-650. If the location of the plotted load is outside either the figure, the nozzle is not acceptable.
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Regards,
Richard Ay - Consultant