Yes, you're correct.
- Ensure a clean dry surface
- Bridge gaps, joints, cracks... with Liquid Rubber Seam Tape.
- Apply Original Black Liquid Rubber Waterproof Sealant in heavy coats. Final coverage is approximately 15 sq ft per G.
- You can re-coat when it's dry to touch.
- Allow 5-7 days of curing from final coating.
- When fully cured, fill, allow to stand for 24 - 48 hrs and drain. Wipe/wash/hose down surface.