We describe a method to evaluate an uncertainly budget for the in situ Ocean Colour Radiometric measurements. A Monte Carlo approach is chosen to propagate the measurement uncertainty inputs through the measurements model. The measurement model is designed to address instrument characteristics and uncertainty associated with them. We present the results for a particular example when the radiometers were fully characterised and then use the same data to show a case when such characterisation is missing. This, depending on the measurement and the wavelength, can increase the uncertainty value significantly; for example, the downwelling irradiance at 442.5 nm with fully characterised instruments can reach uncertainty values of 1%, but for the instruments without such characterisation, that value could increase to almost 7%. The uncertainty values presented in this paper are not final, as some of the environmental contributors were not fully evaluated. The main conclusion of this work are the significance of thoughtful instrument characterisation and correction for the most significant uncertainty contributions in order to achieve a lower measurements uncertainty value.Remote Sens. 2020, 12, 780 2 of 28 of hyperspectral sensors in situ, some aspects of this work need to be repeated. Particularly since significant differences (up to 25%) are found when compared to theoretical modelling and conventional multispectral instruments [15]. It seems that the well known and well characterised multispectral instruments that are described in the NASA protocols are not utilised as much nowadays, as the world focuses on hyperspectal instruments, which provide greater spectral information. However, generally, they are less well characterised but require a wider array of characterisation tests (e.g., spectral stray light). Similarly with the new generation of Ocean Colour sensors like the Sentinel 3 series [16] and planned PACE [17] mission there is a need for even better quality measurements. The old Ocean Colour accuracy requirements, set at 5%, are now being pushed to achieve a level of 3%. In order to achieve this very ambitious target we need to better understand the individual uncertainty components that effect ocean colour measurements as well as their contribution to the final products.The Fiducial Reference Measurements for Satellite Ocean Colour (FRM4SOC) project, with funding from ESA, aimed to provide support for evaluating and improving the state of the art in satellite ocean colour validation through a series of comparisons under the auspices of the Committee on Earth Observation Satellites (CEOS). The project makes a fundamental contribution to the European system for monitoring the Earth (Copernicus) by ensuring high quality ground-based Fiducial Reference Measurements (FRM) for ocean colour radiometry for use in validation of ocean colour products from missions like Sentinel-3 Ocean Colour and Land Imager (OLCI) [16] and Sentinel-2 Multi Spectral Imager (MSI) [18]. The main aim of FRM4SOC is to establish and mainta...