Why Alghaf Marine Does Not Accept LC, SBLC, DLC, TTT or VTV Fuel Procedures

In petroleum trading, buyers often approach sellers with a familiar set of requested procedures: LC at sight, SBLC, DLC, TTT, TTM, VTV, dip-and-pay, tank-to-tank transfer, tank takeover, or payment after inspection.

Alghaf Marine DMCC does not execute petroleum transactions under these procedures.

This is not a matter of preference. It is a matter of risk control, compliance, document security, settlement discipline, and protection of both parties. Fuel transactions involve large cargo values, multiple operational stages, ports, vessels, inspection companies, customs documents, sanctions screening, and strict timing. A transaction of this nature cannot be safely managed through informal broker chains, messenger instructions, unsecured POP circulation, or payment promises outside a controlled environment.

For this reason, Alghaf Marine works through its Trading Portal and controlled stage-based settlement mechanism only.

The Core Principle

Alghaf Marine does not treat payment as a casual exchange of documents and promises.

Every transaction must pass through a structured process:

1. Buyer registration and KYC/KYB verification
2. Submission of a formal product application
3. Commercial review by Alghaf Marine
4. SPA generation and electronic execution
5. Buyer balance funding through the approved settlement operator
6. Operational stage confirmation
7. Document upload and verification
8. Settlement release according to contractual milestones

If a transaction is not recorded in the Alghaf Marine Trading Portal, it is not an active Alghaf Marine transaction.

Why LC, SBLC and DLC Are Not Accepted for Petroleum Transactions

Letters of Credit, Standby Letters of Credit and Documentary Letters of Credit are traditional banking instruments. They can be useful in certain trade environments. However, in current petroleum transactions, especially cross-border fuel supply, they often create delays, uncertainty and execution risk.

The problem is not only the instrument itself. The problem is the banking route behind it.

Petroleum-related payments are now subject to multiple layers of compliance checks, correspondent bank review, sanctions screening, vessel screening, beneficial ownership checks, source-of-funds review and documentary verification. Even when the buyer and seller are legitimate, the banking chain can delay, block, query or reject the transaction.

For fuel cargoes, time is not theoretical. Loading windows, vessel nomination, storage availability, port slots, freight costs and market prices all move quickly. A payment instrument that may require repeated bank checks, amendments, confirmations and correspondent approvals can create a direct operational risk.

Alghaf Marine therefore does not accept LC, DLC or SBLC as the operating settlement mechanism for petroleum deals.

Instead, the buyer funds a recorded balance inside the Trading Portal through the approved settlement operator. That balance is then used strictly according to the SPA and the agreed settlement stages.

Why TTT, TTM, VTV and Dip-and-Pay Procedures Are Rejected

Alghaf Marine also does not work under TTT, TTM, VTV, tank-to-tank, tank takeover, dip-and-pay, pay-after-inspection, or similar procedures.

These structures are widely abused in the fuel market.

Many fake offers are built around the same pattern:

• unrealistically low EN590 or Jet A-1 price;
• promise of immediate tank access;
• request for TSR, TSA, tank extension or SGS payment;
• fake POP documents;
• fake injection schedule;
• fake refinery allocation;
• pressure to pay small “logistics” or “verification” fees;
• insistence on communication through brokers rather than the real seller;
• refusal to onboard through a verified transaction environment.

In many cases, the buyer is not being offered fuel. The buyer is being led into a fee trap.

Why All Transactions Must Pass Through the Trading Portal

The Trading Portal is not a formality. It is the system of record for the transaction.

It records the verified buyer, the product application, requested volume and delivery basis, destination port or route, SPA, settlement schedule, buyer balance, stage confirmations, uploaded documents, operational status and settlement releases.

A PDF sent through WhatsApp is not a transaction record.
A POP document forwarded by a broker is not a confirmed allocation.
A wallet address sent by chat is not an approved funding instruction.
A tank receipt sent by email is not proof of cargo ownership.

Only the Trading Portal record defines the transaction.

How Buyer Funds Are Protected

The buyer’s funds are not treated as a direct advance payment to the seller.

When the buyer funds the transaction, the funds are recorded as the buyer’s balance within the approved settlement environment. The seller does not receive full payment simply because the buyer has funded the balance. The seller has no unilateral access to the buyer’s balance.

Funds are debited or released only according to the contractual milestones agreed in the SPA.

The key point is simple:

The buyer does not pay the full cargo value directly to the seller at the beginning of the deal.
The seller does not move cargo based only on an unsecured promise of future payment.
Both parties work inside a controlled settlement structure.

The Role of CENTAURI as Settlement Operator

Alghaf Marine transactions may be settled through CENTAURI TECHNOLOGY PTE. LTD., acting as the settlement operator.

CENTAURI’s role is to operate the settlement environment, record the buyer’s funded balance, process funding instructions, maintain the transaction ledger and execute releases according to the agreed contractual conditions.

What Buyers Should Understand Before Requesting POP

Many buyers ask for POP before any financial commitment. In theory, this sounds reasonable. In practice, it creates serious security risks.

Full POP, vessel details, refinery documents, allocation evidence, loading schedules and storage information cannot be released casually to unverified parties. These documents can be misused in fraudulent offers, copied into fake procedures or circulated through broker chains.

Alghaf Marine therefore releases documents according to the transaction stage.

How the Approved Process Works

Step 1 — Buyer Registration

The buyer registers in the Alghaf Marine Trading Portal and submits corporate details for KYC/KYB review.

Step 2 — Product Application

The buyer submits a structured application with product, volume, destination, delivery basis, preferred schedule and any special requirements.

Step 3 — Commercial Review

Alghaf Marine reviews the application, confirms whether the requested product and logistics structure can be considered, and provides commercial guidance.

Step 4 — SPA Generation

Once the commercial terms are aligned, the SPA is generated and signed electronically through the approved process.

Step 5 — Buyer Balance Funding

The buyer funds the required stage amount or agreed balance through the approved settlement operator. Funding instructions must be taken only from the authenticated portal environment.

Step 6 — Operational Execution

Alghaf Marine proceeds with allocation, logistics, vessel or delivery preparation according to the SPA.

Step 7 — Document-Based Milestones

Documents are uploaded and checked at each agreed stage. Settlement debits or releases are linked to those milestones.

Step 8 — Final Settlement

Final settlement is completed according to the SPA, after the agreed documentary and operational conditions are satisfied.

Important Warning About Fake Fuel Offers

Buyers should be extremely cautious with any offer that includes:

• EN590, Jet A-1 or crude oil at a price far below market level;
• payment request for SGS, TSR, TSA, tank extension or injection fee;
• refusal to pass KYC/KYB;
• refusal to use a secure transaction portal;
• seller claiming “no upfront payment” but asking for small logistics fees;
• POP documents before any verified transaction;
• tank access controlled by unknown brokers;
• pressure to act within a few hours;
• wallet address or bank details sent only by WhatsApp or Telegram.

Before paying anyone, buyers may submit suspicious fuel offers for review through the Fuel Offer Verification page:

Fuel Offer Verification

Conclusion

Alghaf Marine does not accept LC, SBLC, DLC, TTT, TTM, VTV, tank-to-tank, dip-and-pay or similar uncontrolled procedures for petroleum transactions.

The reason is simple: these structures do not provide the level of control, compliance, document security and settlement discipline required for serious fuel trading.

Alghaf Marine works through a Trading Portal, verified buyer onboarding, SPA-based execution, controlled buyer balance, stage-based settlement and document-linked milestones.

For genuine buyers, the next step is not to request POP through brokers or propose side procedures. The next step is to submit a verified application through the Alghaf Marine Trading Portal.

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EN590 Diesel Supplier Guide · RMG 380 Bunker Fuel Guide · VLSFO Marine Fuel Guide