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.
Frequently asked
- What does Dutch-style procedure mean in oil and commodity trading?
- A fake procurement process used by oil-trade scammers to create the illusion of a Rotterdam-based deal.
- How do I check a counterparty that uses Dutch-style procedure in a deal?
- The term itself is not enough to clear or condemn a deal. What matters is the counterparty behind the pitch. Screen that name for free against OilFlow's first-party fraud-cluster corpus in seconds, and confirm identity documents and banking details independently before you transact.
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