How do I check a counterparty that uses Virgin D2 scam 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 8 sanctions lists plus PEP and OilFlow's first-party cluster corpus in seconds, or order the full 7-step dossier for $25, and confirm identity documents and banking details independently before you transact.

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Scam patternsvirgin-d2

Virgin D2 scam

A long-running scam offering 'virgin' D2 diesel (EN590) at impossibly low prices via fake Russian procedures.

The Virgin D2 scam is one of the longest-running oil-trade fraud patterns. The setup: a broker offers "virgin D2 EN590" diesel, typically claiming Russian or Turkmen origin, at sub-market prices (often $150/mt below Platts).

The procedure always involves some combination of: "Russian Dutch-style procedure", pre-advice MT199, non-refundable PB (performance bond), tank storage receipts (TSRs) as proof of product, and a multi-party NCNDA/IMFPA chain with 5-10 brokers each demanding commission.

No actual cargo ever exists. The victim either pays a fee that disappears or wastes months on paper chains that terminate when real due diligence begins.

OilFlow Network publishes a scam taxonomy documenting every variant. Any listing matching this pattern is automatically rejected.

Related: EN590, LOI, Dutch-Procedure.

Frequently asked

What does Virgin D2 scam mean in oil and commodity trading?: A long-running scam offering 'virgin' D2 diesel (EN590) at impossibly low prices via fake Russian procedures.
How do I check a counterparty that uses Virgin D2 scam 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 8 sanctions lists plus PEP and OilFlow's first-party cluster corpus in seconds, or order the full 7-step dossier for $25, and confirm identity documents and banking details independently before you transact.