Storage Spoofing #153
Any petroleum sales and purchase agreement that requires any upfront payment by so called buyers should be taken with caution. This includes payments like document endorsement, tank farm access fees, tank storage extension fees. Agreements with logistics companies and petroleum sellers that require any payment for Authorization to Verify (ATV) storage capacity, and/or Dip Test Authorization (DTA) including endorsements from the Port of Rotterdam Authority (by request or requirement) should be considered as wrong by definition. These are often used as methods in fake transactions or scams that may put your money at risk.
In addition there should be always copies of an official Quality and Quantity inspection company report. This should be from official inspection companies who work in the port of Rotterdam like SGS or Intertek accompanied with an injection report from the storage company.
If the above documents are not provided then the transaction may not be legal and is a red flag for a potential scam.
Companies that operate in the Port of Rotterdam are assigned a KVK number and chamber of commerce registration. If your purported logistics company does not provide information on their registration documented with these organizations when engaging in a business relationship, then your logistics company is not legally registered to conduct business in Rotterdam.
source link..
https://storagespoofing.nl/en/blacklist/
Due diligence and investigatory assistance: TCT The Commodity Traders
The department of TCT-GRC (Governance, Risk and Compliance) can help clients identify and understand the risk that their international relationships represent, and develop the appropriate compliance controls and due diligence programs that clients need. For this purpose, TCT is working together with leading data providers, partners and compliance specialists. They tailor their advice to each client based on their unique risk profile, including jurisdictional exposure, operating model, and industry. Their efficient client services team will assist you with all your queries and guarantee a direct and personal communication.
TCT-GRC partners with you through this facilitated self-assessment to help you evaluate the risk programs in place, discover potential risk and compliance gaps, and address issues. If you need a service in these areas not specifically named in the description, the chances are they do it, and they do it well. So, just ask.
You can contact them at edd@tctrotterdam.com or check this link
https://www.thecommoditytraders.com/enhanced-due-diligence