Trade Security & Anti-Fraud Advisory Desk
The international bulk commodity market is exposed to fraudulent intermediaries, forged documents and advance-fee schemes. Chelet applies verification controls before execution.
Red Flags in Commodity Trading
Red Flag
Advance Payment Requests: Demand for upfront fees under the guise of "Tank Extension Fees," "TSA Registration," "Port Clearance," or "Customs Authorization" prior to bank-to-bank POP (Proof of Product).
Red Flag
Unrealistic Fixed Discounts: Offers listing fixed discounts (e.g., -$10 or -$15/bbl) instead of official floating benchmark pricing (Platts Index).
Red Flag
Non-Existent Storage Facilities: Fake Tank Storage Receipts (TSR) issued by fraudulent tank farms without valid IMO numbers or port authority verification.
Red Flag
Multi-Layer Broker Chains: Brokers refusing to issue a clean Corporate Invoice, Buyer Compliance Package (CIS), or direct bank-to-bank LOI.
Security Checklist
| Verification Protocol | Standard Security Requirement | Chelet Ltd. Enforcement Status |
|---|---|---|
| Banking Protocol | MT760 SBLC / DLC issued exclusively via top-tier international banks. | Strictly Mandatory |
| Product Proof (POP) | Bank-to-bank verification including SGS/Intertek inspection reports. | Strictly Mandatory |
| Corporate Verification | Complete CIS (Client Information Sheet), Passport copy, Certificate of Incorporation. | Strictly Mandatory |
| Tank Extension / Fees | No upfront fees. Any logistics charges are settled post-DIP Test / ATV. | Zero Advance Fee Policy |
Received a suspicious offer or document?
Submit material claiming to originate from Chelet Ltd. or associated counterparties to the compliance desk before executing any contract or payment.