How to verify an EN590 diesel seller
Verify an EN590 seller in this order: the company in its own registry, the refinery or the tank terminal through their official channels, the bank instrument bank-to-bank, and the inspection by a surveyor you appoint. Never pay a fee for storage, a TSR, an ATV or a dip test before the contract.
Check this EN590 diesel offer free
Diesel (EN590 10 ppm) is the product where offers that cannot be confirmed are most common. Many offers are copied from the same templates: a "refinery allocation", a tank in Rotterdam, Houston or Fujairah, and a procedure that asks the buyer to pay for a tank storage receipt or a dip test before anything is signed. The checks below separate a real seller from an offer that only exists on paper.
5 steps
- Check the seller in its own registry. Look the company up in the official business registry of its country, in the local language. Confirm the name, registration number, address and directors match the offer and the e-mail signature.
- Check the refinery claim. If the seller says it is a refinery's mandate, ask for the signed mandate letter and confirm it with the refinery through the contact details on the refinery's own website, not the ones in the offer.
- Check the terminal and the tank. Find the terminal's official website yourself. Confirm that the website and e-mail in the offer belong to that terminal, and ask the terminal, through its official channel, whether the tank and the party relationship exist. Terminals often confirm stock only to the title holder, so note exactly what they could and could not confirm.
- Check the bank instrument bank-to-bank. Any MT760, SBLC or LC must be confirmed by your own bank with the issuing bank. A PDF or a screenshot of a SWIFT message proves nothing on its own.
- Insist on independent inspection. Quality and quantity at loading must be certified by SGS, Intertek or a surveyor you appoint, not by the seller's own laboratory.
Red flags
- A fee for a TSR, ATV, DTA, "storage authorisation" or tank access before the contract
- "Dip and pay", TTT or TTO procedures with payment before you see the product
- A terminal website or e-mail that differs from the real terminal's domain by one or two letters
- A price far below the market for ULSD 10 ppm
- An MT799 offered as proof of product or proof of funds
- The seller asks the buyer to issue a POF before it shows proof of product
Documents to ask for
- Company registration extract. Recent, from the official registry, in the seller's legal name.
- Signed refinery mandate or supply contract. Only if the seller claims a refinery source; you confirm it with the refinery yourself.
- Draft contract (SPA) with inspection clause. It should name the loading terminal, the incoterm and an inspector you appoint.
What a sound deal looks like
A sound EN590 deal names the terminal and the tank operator, lets your own inspector test the product under the contract, and is paid by an LC or against documents. Nobody asks you for money to look at the product.
FAQ
Is a tank storage receipt (TSR) proof that the diesel exists?
No. A TSR copy can be made by anyone. Only the terminal, through its official channel, can confirm a tank and who holds title, and many terminals confirm this only to the title holder.
Should I pay for a dip test before the contract?
No. Paying for access, an ATV or a dip test before signing is the most common way EN590 buyers lose money. Inspection is arranged under the contract, through an inspector you appoint.
Who provides proof of funds and proof of product?
The buyer provides proof of funds. The seller provides proof of product. An offer that asks the buyer for both before it shows anything is a red flag.
What does the Vanguard Verify storage check cover?
We find the terminal independently, check the website and e-mail against the real operator, compare the TSR, ATV or dip-test documents with the operator's real format, and contact the terminal through its official channel. You get a written verdict in 2–3 working days.
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General information, not legal or financial advice. Vanguard Trade Capital Goods Wholesalers DWC-LLC, Dubai South, UAE · [email protected]