Alert. Fraud and scam

1. Online checking russian refinary
2. List scam company

Russia is one of the world's largest exporters of petroleum products, and the vast majority of transactions are made by major Russian companies on a long-term basis with their regular partners.

Be aware of fraudulent schemes that may affect potential buyers of petroleum products. Many companies are looking to source petroleum products (Jet A1, fuel oil M-100, diesel D6 and others among them) from Russia.

There are many companies that claim to be willing to sell Russian-made products in large volumes on a long-term basis. Unfortunately, some of them are fake (fraudulent) companies using forged documents and/or letterheads of the big Russian oil companies. corporations (e.g. Rosneft, Lukoil, Gazprom, etc.).

Usually the fraudulent seller claims to be able to supply petroleum products in large volumes, subject to advance payment of a significant amount and/or some "obligatory" fees (such as export licence fee, title transfer fee, registration fee, etc.).

You should always check out companies if:

1. Low prices. Let's say LCO price is $250/tonne, Diesel $250/tonne.
2. E-mail correspondence sent from (or replied requested to) free web-based e-mail accounts such as Gmail, Yahoo, Hotmail, Live, etc.
3. There are no export licenses for petroleum products in Russia. Therefore, if your potential partner asks you to pay for an export licence, it is a fraud.
4. Russian law does not provide for a fee for the transfer of ownership of petroleum products. You might be interested to know that the only case when you need to officially transfer the title to real estate is the sale/purchase of real estate.
5. Petroleum products are not considered real estate under Russian law (and, we believe, neither under the laws of other countries);
6. If you are asked to pay for something supposedly to one of the Russian authorities and they are the direct beneficiaries of the payments with accounts in some private banks, this is 100% fraud;
7. If the company website was set up 1 year ago.

We hope that these tips may be of interest to all companies involved in transactions involving oil products of Russian origin and will help avoid losses.

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Source: ferm-rotterdam.nl Source: gazprom-neft.com