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 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.

See also

en590loidutch-procedure

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