Vishal,
Yes, it is design pressure plus static head.
In determination of the MDMT there are 2 steps, first the basic MDMT is looked up from the UCS-66 chart using the thickness of the component and its external pressure chart (A,B,C,D).
Next, the ratio of required thickness to the actual thickness is used to reduce the basic MDMT computed above. Basically, here you are getting credit for any excess thickness that you have over the pressure reqd. thickness. This is per chart UCS-66.1.
So, the design pressure (+ static head) will determine the req. thickness and this will affect the MDMT reduction. So, if the design conditions change the reduction will also change.
Sometimes you can get the MDMT using the exemption of UG-20(f). But, you have to satisfy the conditions of that section.
When determining the MAWP of the vessel. It is best to use the MAWP computed by the program and set it back as the design pressure and run the analysis one more time and make sure all the items even the small ones are ok.
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Best Regards,
Mandeep Singh
CADWorx & Analysis Solutions
Hexagon PPM