Scam patterns
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.
See also