ICPO — Irrevocable Corporate Purchase Order
A corporate purchase order stating product, quantity, requested price/terms, delivery and buyer identity.
A document name is not a guarantee of authenticity. Formats may vary, and some terms do not have a single universal standard. Verify through the issuer and independent official sources.
CPA — Charter Party Agreement
A vessel charter agreement where relevant. Under BFE's current procedure, the first CPA must originate from or be arranged through a European (Netherlands) shipping/charter company. A CPA alone still does not prove vessel readiness; the issuer, charter company, and vessel must be verified.
CI — Commercial Invoice
A commercial invoice describing the proposed or agreed transaction under contractual terms.
SGS / Inspection Report — Inspection Report
A quantity/quality inspection report. Verify the report number and issuer through official channels.
Q88 — Vessel Questionnaire 88
Technical tanker vessel data used for vetting and marine operations coordination.
TSR — Tank Storage Receipt
A document claimed to relate to product storage. Its validity must be confirmed directly with the legitimate terminal.
DTA — Dip Test Authorization
Authorization for inspection/dip test if actually issued by the party with proper authority.
ATV — Authorization to Verify
An authorization intended to enable certain verification. Check the issuer, scope and verification channel.
ATSC — Authorization to Sell and Collect
A document claimed to grant authority to sell/collect funds. The legal authority and issuer must be verified.
CTS — Commitment to Supply
A supply commitment statement. It does not replace stock evidence, contract, terminal confirmation or due diligence.
PP / COA — Product Passport / Certificate of Analysis
Product quality or analysis documentation. Check sample number, date, test method, results and issuer.
COO — Certificate of Origin
A document stating product origin; format and issuer depend on country and export scheme.
AOA — Attestation of Allocation
A term sometimes used for an allocation attestation. It must be verified in context and with the actual issuer.
NOR — Notice of Readiness
A notice of vessel or facility readiness according to marine/charter practice and contractual terms.
MT103 — SWIFT MT103
A SWIFT message related to a bank payment transfer. Payment evidence should still be verified with the relevant bank.
Title / Ownership Documents — Title of Ownership / Transfer
Documents intended to record or transfer rights under a transaction. Validity depends on law, contract and related logistics documents.
Verification Checklist
- Find the issuer's contact details from its own official website/domain.
- Do not rely only on phone numbers/emails supplied by the party sending the document.
- Cross-check company name, document number, date, quantity, product, terminal and relevant parties.
- Confirm payment instructions separately before a transfer.
Red Flags to Check
- Upfront fees to an account belonging to a party not identified in the contract.
- Verification contacts using only free email services or personal numbers with no official channel.
- Documents with inconsistent company names, domains, dates or numbers.
- Pressure to pay before independent verification is completed.