INTEL
Status: blockedCLUSTERNovorossiysk-Turkish-Med Dark Fleet Cluster added — confirmedStatus: blockedCLUSTERPinnacle Petrol LLC added — likelyStatus: blockedCLUSTERSimar Chahal added — confirmedStatus: blockedCLUSTERSSW Kafcima added — likelyStatus: blockedCLUSTERNW Corp Singapore added — likelyStatus: pendingCORPUS429 entities · 64 countries
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Scam patternsdutch-procedure

Dutch-style procedure

A fake procurement process used by oil-trade scammers to create the illusion of a Rotterdam-based deal.

A "Dutch-style procedure" (or "Rotterdam procedure") is a fictitious process used by oil-trade scammers to lend credibility to non-existent Russian/Turkmen cargoes. The theatre typically involves: POP (Proof of Product) via Tank Storage Receipt, Dip Test Authority (DTA), ATB (Authorisation to Board), and a demand that the buyer open a confirmed LC before any inspection.

No legitimate Rotterdam-based oil trade follows this procedure. Real Rotterdam cargoes trade on Platts assessments with standard SGS inspection and MT700 LCs.

Related: Virgin D2, Rotterdam.

See also

virgin-d2rotterdam

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