The paper analyses contemporary methods and probes for testing liquid media used as a quenchant in heat treating industry. It is shown that lumped-heat-capacity method, often used for testing liquid media, produces big errors during transient nucleate boiling processes due to incorrect calculation condition Bi≤0.25 caused by use effective heat transfer coefficient (HTC). The effective heat transfer coefficients (HTCs), utilized for this purpose, are almost seven times less as compared with real HTCs that results in incorrect calculation the value of Bi. Instead of lumped-heat-capacity method, a general cooling rate equation is proposed for HTC calculation. It is underlined that effective HTCs can be used only for approximate core cooling rate and core cooling time of steel parts calculations. For investigation cooling capacity of liquid quenchants, including initial heat flux densities, HTCs and critical heat flux densities, high developed technique of solving inverse problem should be used based on accurate experimental data generated by testing liquid media with the Liscic/Petrofer probe or other similar technique.