Petro Scams
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TANK FARM SCAMS

There are 3 ways of verification of the product;

  1. Fresh SGS/Equivalent Report
  2. Full TSR/Full Injection Report and ATV (physical verification) without paying for upfront expenses.
  3. Dip test with UDTA without paying upfront expenses other than dip test payment to be made to only SGS/Equivalent company.

TANK FARM GAMES

So many people establish fake-scammer companies with the same (with a little difference not can be realized easily) similar names of legimate companies / refineries.
They create fake web sites, fake domain addresses, email plus phone systems etc..

Then the movie starts;

  1. They spread their offers throughout the world with mostly very good prices.
  2. They put generally one or rarely more clauses in their procedures which drive the buyers to make payment to tank farms / logistics prior to verification of the product. Most of the genuine sellers also put same/similar clauses in procedures so that the scammers can hide their bad aims.
  3. When they succeed to make the buyers to pay to tank farm/logistics they take their commissions behind the scene. 90% of the scammers are after this commission.

Option 1). The main Fraudster can be the owner of the Tank or the logistics company. Because the Tank operator always has an SGS, but this is not a fresh SGS, it is obtained when loading the goods into the tank. Fraudsters show this SGS to the Buyer, the buyer believes the Fraudster and extends the Tank lease, and then this payment is divided between the Tank owner and the commissioner, since this product does not belong to them, they cannot sell this product, but at the same time the tank owner negotiates with the real Owner of the goods. If the deal is successful between the real Seller, this is good, but if the deal does not work out, then only the Tank Owner and his commissioner receive the profit because they took the payment for the rent of the tank.

Option 2). The SGS that they show you this product was already Sold an hour ago and they will tell you sorry, the product is already Sold, and you have already extended and paid the money for the lease. Therefore, you cannot pay for tank extensions until you have a HARD copy of the SGS in your hands, you cannot trust the electronic SGS and you cannot accept it as the original. Often, scammers use such SGS and force you to pay for TCA, TSR. But you can’t get a fresh SGS because a fresh SGS is expensive.