Stop Asking for SGS First
FOB EN590 10PPM Gasoil: Market Trends and Opportunities | 1st Class Group FOB EN590 10PPM Gasoil: Market Trends and Opportunities Last updated: 27 July 2025 FOB EN590 10PPM 1 · What Is FOB EN590 10PPM? FOB EN590 10PPM refers to a Free On Board transaction for ultra-low sulfur diesel meeting the EN590 standard. In genuine FOB EN590 10PPM deals, the seller first confirms cargo availability and issues an allocation letter. The buyer then provides RWA/BCL and lodges Proof of Funds (POF), which secures their slot. Next, the vessel is nominated and proceeds to the terminal manifold for sampling. Only after third-party SGS sampling and inspection is the certificate released and loading documents issued, ensuring trust and security. 2 · Why “SGS First” Became a Bad Habit Many brokers treat an SGS inspection certificate as the ultimate proof of cargo. They think, “If the seller pays for SGS first, I can show buyers real barrels and close faster.” In reality, leaking inspection paperwork destroys trust and invites document fraud. Professional sellers release SGS only after the buyer shows intent and capacity via Proof of Funds (POF). SGS Oil & Gas – What an Inspection Covers ICC Commercial Crime Services – Document Fraud Cases 3 · The Seller’s Nightmare – How Deals Die Seller spends US $7,000–10,000 on a fresh SGS. PDF circulates on WhatsApp & Telegram. Copy-paste “offers” flood the market. Legitimate desks blacklist the barrels. Seller pays storage & tank-time while cargo sits unsold. Bottom line: once an SGS is public, the cargo’s perceived exclusivity is gone. 4 · Why SGS Cannot Precede POF in an FOB Operation Sampling timing – final samples drawn only when buyer’s vessel is at manifold. Risk management – leaked certificates allow spoofing. Market dynamics – sellers have more buyers than slots; funds equal priority. Location reality – true FOB loads sail from Rotterdam or Fujairah; “FOB Jurong” is non-performing. Meme: “No money to pay first but give me your SGS!” 5 · FAQ – Common Objections & Myths “My buyer will pay the SGS fee upfront.” Sellers protect paperwork, not fees – certificate leakage remains the risk. “Can we use video proof?” Videos are spoofable and lack legal weight; banks require SWIFT proof. “Other brokers give SGS first.” That’s 99% seller-chain or scam territory. True desks know the correct flow. “How often is EN590 10PPM testing done?” Professional sellers perform third-party EN590 10PPM testing on every shipment at the loading terminal. 6 · Broker Success Checklist ✅ Educate buyer: SGS after POF. ✅ Clarify tank-activation & laycan fees. ✅ Demand genuine SWIFT, not screenshots. ✅ Secure all sensitive docs in a data room. 🚫 Never broadcast SGS, POP, or B/L externally. 7 · Why Real Sellers Don’t Chase Buyers Real EN590 10PPM sellers run continuous supply; allocations go to buyers who prove capability. Because they operate on long-term contracts, they never lack interested parties. If a broker approaches without solid POF and vessel details, the seller simply moves to the next qualified buyer. This ensures every drop of EN590 10PPM is sold to a buyer who can perform quickly. Deal flow never stops: majors queue months in advance. First-perform, first-serve: RWA/BCL secures your slot. Respect the chain: shortcuts flag inexperience. 8 · The Full FOB EN590 10PPM Flow Explained To close a genuine FOB EN590 10PPM deal, the standard flow must be followed precisely: first, the seller confirms cargo and issues an allocation letter. The buyer then provides RWA/BCL and lodges POF to secure their slot. Next, the vessel is nominated and arrives at the loading terminal manifold, where third-party SGS sampling is conducted. Only after the FOB EN590 10PPM SGS inspection is completed are loading documents released, ensuring both parties’ interests are fully protected. 9 · Resources EN 590 Buyer Guide – Avoiding Scams Gasoil Brokerage Division Why FOB Jurong Is a Red Flag UNCTAD – Oil Documentation FOB EN590 10PPM rewards buyers who perform. Have POF and a vessel team? Move straight to POF to load faster. Ready? Email [email protected] or WhatsApp +65 8787 8953. © 2025 1st Class Group Pte Ltd