Fake Product Scams
Fraudsters may adulterate EN590 with cheaper or lower-quality substances while still marketing it as compliant, leading to engine damage and higher emissions.
Logistics & storage
Selecting your storage company
No matter the port, we have an expert or associated legal expert for that region who can navigate the selection and work to ensure financial protection on the transaction.
Considerations for choosing a storage tank
Questions every buyer should ask
If you are in the market for storage, you will have questions. louišP Exports’ team is here to provide the data you need to select the right storage.
- 1Tier 1, or a company that leases storage to resell?
- 2Is the payment fiduciary valid?
- 3Are there fees not yet disclosed that will be charged?
- 4What is the significance of a tank’s coating?
Risks to Watch For
The storage tank farm sector is not immune to scams with serious financial and operational consequences. Be aware of these before entering into a relationship with a tank farm or logistics company.
Theft and Misappropriation
Diesel may be siphoned off or diverted to unauthorized buyers, sometimes with insiders falsifying records to cover it up.
Misleading Documentation
Forged certificates of conformity or manipulated inspection reports can falsely certify that product meets required standards.
Supply Chain Fraud
Collusion across the distribution network, such as manipulated invoices, overstated quantities or altered delivery records, to divert funds or product.
Technical Manipulations
Tampering with measurement instruments or monitoring systems can misreport fuel quantity or quality and let substandard fuel pass as EN590.
How We Protect Your Transaction
Procedures louišP Exports incorporates into our oversight of your transaction.
- 1
Rigorous Security Measures
Surveillance, restricted access, tamper-evident seals on storage tanks and regular security audits.
- 2
Robust Quality Control
Regular testing and inspection, with independent third-party laboratory verification at every stage of storage and handling.
- 3
Transparency and Accountability
Accurate records of transactions, inventories and inspections, with digital documentation, audits and reconciliations.
- 4
Staff Education and Training
Ongoing training so staff recognize common scam tactics and follow reporting protocols.
- 5
Supply Chain Oversight
Trusted suppliers and contractors, thorough due diligence and verification of documents and invoices.
- 6
Regulatory Collaboration
Engagement with regulators and industry groups to stay current on rules and best practices.
Planning storage at a specific port?
Contact us to discuss the port where you need storage, and one of our experts will guide you through a process that mitigates these risks.