This is correct, except we must elaborate on "suction". Unlike a positive displacement pump, a centrifugal pump can't suck or create a vacuum. However, this doesn't mean the pump cannot be higher than the tank the fluid is pumping from. What it means is the line from the tank, to the pump, will have to be "primed" or completely full of fluid, for the pump to work.An example of this is an in-ground swimming pool with the filter pump above the surface of the water in the pool. This is because the inlet to the pump impeller will be lower than the absolute pressure (atmospheric pressure) and the "weight" of the atmosphere on top of the pull water will push the water into the pump.If you want more detailed/nerd info, look up NPSH (net positive suction head).