We report a development of probabilistic framework for parameter inference of cryogenic two-phase flow based on fast two-fluid solver. We introduce a concise set of cryogenic correlations and discuss its parameterization. We present results of application of proposed approach to the analysis of cryogenic chilldown in horizontal transfer line. We demonstrate simultaneous optimization of large number of model parameters obtained using global optimization algorithms. It is shown that the proposed approach allows accurate predictions of experimental data obtained both with saturated and sub-cooled liquid nitrogen flow. We discuss extension of predictive capabilities of the model to practical full scale systems. (C) 2017 Elsevier Ltd. All rights reserved.