Is this EN590 diesel offer real?
By the Vanguard Verify desk · Published 2026-10-24 · Updated 2026-10-27
Short answer: a real EN590 seller can show a confirmable link to a refinery or a licensed storage terminal, accepts independent inspection, and is paid by bank instrument against delivery documents. Offers that require the buyer to pay for “tank storage receipts”, “injection” or “dip tests” before any contract are a common fraud pattern.
Checks
- Seller: registry record, LEI, licences to trade petroleum products where required.
- Terminal: confirm any tank storage claim directly with the terminal using contacts from its official website.
- Procedure: standard is contract → buyer’s bank instrument → inspection → delivery. Be wary of procedures where the buyer pays fees first.
- Inspection: independent surveyor appointed or accepted by the buyer.
- Price: compare with published market levels; far below market means stop.
Red flags
- Upfront fees for TSR, TSA, injection or dip test.
- Huge monthly volumes from an unknown company.
- Rotterdam/Houston “spot” tanks that the terminal cannot confirm.
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FAQ
What is a TSR?
A Tank Storage Receipt issued by a storage terminal. It is only meaningful if the terminal itself confirms it.
Vanguard Verify is run by Vanguard Trade Capital Goods Wholesalers DWC-LLC, Dubai South, Licence 14282. This answer is general information, not legal or financial advice.