Introduction — Why Almost Every BLCO/SLCO Offer You Receive Is Fake

The BLCO (Bonny Light Crude Oil) and SLCO (Saudi Light Crude Oil) markets are the most saturated with fake offers in the entire global energy industry.
Why?

Because:

• Buyers don’t understand NNPC/NOC export rules

• Brokers don’t understand POP

• Fraudsters exploit ignorance

• Crude allocation systems are government-regulated

• BLCO/SLCO cannot be stored casually in commercial tanks

• True access is limited to a microscopic group of real holders

This article gives you the institutional analysis of WHY 99% of offers are fake, the critical signals, and EXACTLY how to identify a legitimate BLCO/SLCO seller.

SECTION 1 — The Real Structure of BLCO & SLCO Markets (Understanding Why Fraud Is Everywhere)

1.1 BLCO & SLCO are government-controlled, not privately controlled

Real sellers are:

• Nigerian National Petroleum Corporation (NNPC) – BLCO

• Saudi Aramco – SLCO

• IOC major traders (Vitol, Trafigura, Glencore, Shell)

• Government-approved off-takers

• Licensed export terminals

There are no “private sellers” of BLCO/SLCO sitting on WhatsApp.

Anyone claiming private ownership without:

• Allocation number

• Terminal access

• Pipeline confirmation

• ATC (Authority to Load)

…is automatically fake.

1.2 Real BLCO/SLCO deals require pipeline movement

BLCO/SLCO do NOT sit in:

❌ “Tank farms in Lagos”
❌ “Private storage in Port Harcourt”
❌ “European tanks”
❌ “Offshore FPSO with open access”

Crude moves via:

• NNPC pipelines

• Aramco export lines

• Government-controlled terminals

• Pre-assigned export programs

Without pipeline movement → no crude exists.

1.3 Fake sellers exploit buyer ignorance

Fraudsters rely on buyers NOT knowing:

• How NNPC/Aramco export programs work

• How allocations are issued

• How pipeline documentation looks

• How ATC & Q&Q are structured

• That B/L never exists before loading

• That Q&Q never exists before compliance

• That POP is NEVER shared early

This ignorance is their weapon.

SECTION 2 — The 10 Most Critical Red Flags of Fake BLCO/SLCO Offers

Below are the institutional red flags that expose fake offers instantly.

1️⃣ The seller provides POP before MT799/MT760

Real NOCs NEVER release:

• ATC

• Q&Q

• Pipeline receipt

• Loading program

…before buyer passes bank compliance.

Early POP = 100% fake.

2️⃣ The seller claims “direct NNPC/Aramco mandate”

REAL mandates come with:

• Official license

• Allocation number

• Government documentation

• Terminal access letter

Fake mandates are the #1 fraud tactic.

3️⃣ The price is “discounted” or “below Platts”

BLCO & SLCO pricing are tied to:

• OPEC benchmarks

• Government export programs

• Official market valuation

They NEVER sell with:

❌ $5 discount
❌ $12 discount
❌ “Gross/net” pricing
❌ “Buy one get one” levels

Any discount is fake.

4️⃣ The seller sends “TTO/TTTV” with no ATC

For BLCO/SLCO, TTO (Tank Take Over) is impossible without:

• ATC (Authority To Load)

• Pipeline injection record

• Q88 verified FPSO

• Terminal confirmation

99% of TTO offers are fake.

5️⃣ The seller provides a B/L before loading

A real Bill of Lading is issued only after loading—never before.

Pre-loading B/L = automatic fraud.

6️⃣ No allocation number is provided

BLCO & SLCO exports depend on:

• Official allocation programs

• Government quotas

No allocation number = no crude.

7️⃣ Seller refuses buyer’s independent SGS

Real sellers accept:

• SGS

• Intertek

• Bureau Veritas

Fake sellers say:

❌ “Our private inspector did it already”
❌ “Use only our in-house SGS”

100% scam.

8️⃣ Seller communicates only on WhatsApp/Telegram

Real NOC-level transactions use:

• Corporate email

• Secure data rooms

• SWIFT MT messaging

• Compliance channels

WhatsApp-only = Fake.

9️⃣ Seller cannot prove terminal identity

Real deals include:

• Terminal name

• Terminal code

• Pipeline batch

• ATC reference

• Government stamp

Fake sellers avoid all of this.

🔟 Seller provides irrelevant documents (fake POP)

Common fake documents include:

• “Certificate of ownership”

• “NNPC sales mandate”

• “Crude availability report”

• “Nigerian presidency letter”

None of these documents exist in real trade.

SECTION 3 — NNRV Expert Analysis: How to Recognize a Real BLCO/SLCO Seller

NNRV uses 12 institutional criteria:

1. Allocation number validation

2. Pipeline batch ID verification

3. Export terminal confirmation

4. ATC (Authority to Load) authenticity

5. SGS report verification via database

6. Vessel nomination check

7. IMO vessel tracking

8. Shipping agent confirmation

9. Refiner buyer compatibility

10. Bank officer validation

11. Sworn compliance documents

12. NOC registry cross-check

This eliminates 99% of fake offers immediately.

SECTION 4 — Real BLCO/SLCO Document Chain (Step-by-Step)

STEP 1 — Buyer → ICPO + KYC + CP

Must match NOC compliance criteria.

STEP 2 — Seller → SCO + SPA Draft

Contract defines obligations & procedures.

STEP 3 — SPA Signed

Terminal slot prepared.

STEP 4 — Buyer → MT799

Confirms buyer legitimacy.

STEP 5 — Seller → Terminal Allocation Confirmation

Proves seller access.

STEP 6 — Buyer → MT760 or MT700

Secures the crude.

STEP 7 — Seller → POP Documents (after SWIFT)

POP includes ATC, Q&Q, pipeline receipt, allocation, etc.

STEP 8 — Inspection (SGS, Intertek)

STEP 9 — Vessel Loading & B/L Issued

This is the ONLY legitimate sequence.

SECTION 5 — Buyer & Seller Questions (20 Professional Answers)

10 Buyer Questions

1. Can BLCO/SLCO be discounted? → No.

2. Is early POP real? → Never.

3. Can I get TTO without ATC? → Impossible.

4. Are B/Ls pre-loading valid? → No.

5. How do I verify an allocation? → NNRV.

6. Should I visit terminal before SPA? → Not allowed.

7. Is MT103 acceptable? → Rarely.

8. Who pays SGS? → The buyer.

9. Can pipeline receipt be fake? → Yes—NNRV verifies.

10. Is WhatsApp safe for crude business? → No.

10 Seller Questions

1. How to filter fake buyers? → Require MT799.

2. When to release POP? → After MT760.

3. Do I need ATC? → Mandatory.

4. Do intermediaries get docs? → Only with LOA.

5. When is B/L issued? → After loading.

6. Who issues the allocation? → NOC.

7. Can crude be in tank? → Rarely.

8. Should I negotiate procedures? → Only within NOC limits.

9. Can seller accept “proof of funds PDF”? → No.

10. Why avoid WhatsApp offers? → 99% are fake.

SECTION 6 — Why These Red Flags Exist (Legal & Institutional Logic)

Fraud proliferates because BLCO/SLCO transactions are regulated by:

• NNPC Export Regulations

• Saudi Aramco Export Governance

• OPEC rules

• Pipeline integrity protocols

• ISO & SGS quality standards

• Government allocation systems

• Basel III banking compliance

Fake brokers do not understand these rules—so their offers collapse under scrutiny.

SECTION 7 — Professional CTA

📌 Want to verify a BLCO/SLCO seller?

Need to authenticate an allocation, ATC, or POP document?

NNRV Trade Partners provides:

• Full Crude seller verification

• Allocation & ATC authenticity checks

• Pipeline batch validation

• SGS/Q&Q authentication

• SWIFT compliance support

• Institutional due diligence

📩 info@nnrvtradepartners.com
🌐 www.nnrvtradepartners.com

Stop losing time with fake BLCO/SLCO offers.
Work with verified institutional sellers.

Mini FAQ (5 Quick Answers)

1. Are discounts real in BLCO/SLCO?
   No—these are government-priced crude streams.

2. What is the strongest POP document?
   ATC + Pipeline Injection Receipt.

3. Can a real seller give POP early?
   Never. Always after SWIFT compliance.

4. Can BLCO be in tank storage?
   Rare, but possible in Cushing/Saldanha.

5. How fast can NNRV verify a crude offer?
   24–72 hours.