The American Petroleum Institute (API) 12F is the specification for vertical, aboveground shop-welded storage tanks published by the API. The nominal capacity for the twelve tank designs given in the current 13th edition of API 12F ranges from 90 bbl. (14.3 m3) to 1000 bbl. (159 m3). The minimum required component thickness and design pressure levels are also provided in the latest edition. This study is a part of a series research project sponsored by API that dedicates to ensure the safe operation of API 12 series storage tanks. In this study, the twelve API 12F tank designs presented in the latest edition are studied. The elastic stress analysis was conducted following the procedures presented in the ASME Boiler and Pressure Vessel Code 2019, Section VIII, Division 2 (ASME VIII-2). The stress levels at the top, bottom, and cleanout junctions subject to the design pressures are determined through finite element analysis (FEA). The bottom uplift subjected to design pressures are obtained, and the yielding pressure at the roof-shell and shell-bottom junctions are also determined. The specific gravity of the stored liquid is raised from 1.0 to 1.2 in this study. A new roof-shell attachment detail is proposed, and a 0.01 in. (0.254 mm) gap between the bottom shell course and the bottom plate is modeled to simulate the actual construction details. In addition, the flat-top rectangular cleanout presented in the current edition of API 12F is modeled. Moreover, various thickness combinations are considered to further investigate the effect due to different component thicknesses.