Practical Verification Guide

Petroleum Verification Guide

Independent verification helps establish whether important petroleum-sector information can be supported before it becomes the basis for payment, credit, contracting, procurement, investment or operational dependence.

This guide explains when to verify, what information to provide and how to interpret an outcome—without disclosing LicenseCheck’s proprietary internal methodology.

Request Verification

Use This Guide To

✓ Decide when verification adds value

✓ Identify the information you are relying on

✓ Prepare a useful verification request

✓ Understand scope and limitations

✓ Interpret a verification outcome

✓ Know when further due diligence is needed

Step 1 — Decide When to Verify

Verify Before the Risk Becomes Exposure

New Supplier

Before onboarding an unfamiliar petroleum supplier or entering a recurring supply relationship.

License or Permit

Before relying on a petroleum license, facility authorisation or permit in a commercial decision.

Depot / Storage Claim

Where a claimed depot or storage relationship materially affects whether you will proceed.

High-Value Decision

Before significant payment, credit, investment, contracting or transaction exposure is created.

Step 2 — Identify What You Need to Rely On

The Scope Should Match the Decision

Verification is not one universal checklist. The correct scope depends on the information you need to rely on and the commercial risk of the decision.

Company/CIPC verification forms a standard component whenever a legal entity is being assessed.

Possible Verification Areas

Company / CIPC information

Petroleum license or permit information

Petroleum supplier identity and selected claims

Depot identity and supplier-depot relationships

Storage, transport or insurance information where included

Supporting-document consistency

Supplier Risk Reports

Verified Supplier Badge / reference status

Step 3 — Prepare the Request

Provide Enough Information to Identify the Subject

You do not need to design the verification process yourself. Provide identifying information and explain the decision or claim you need assessed; LicenseCheck will confirm the appropriate scope.

Useful Information to Submit

✓ Full legal company or supplier name

✓ Company registration number, if available

✓ License / permit / badge / reference number, if available

✓ Relevant documents

✓ Depot or storage details where relevant

✓ A clear description of the decision or claim you need assessed

Step 4 — Read the Outcome Correctly

The Result Must Be Read With Its Scope and Limitations

Supported Within Scope

The relevant information could be supported within the agreed scope and evidence reasonably available at the time.

Discrepancy Identified

One or more material details do not align and may require clarification, enhanced verification or further due diligence.

Unable to Verify

Sufficient evidence was not available to support the relevant point within scope. This does not automatically mean the information is false.

Verification Has a Date and Scope

Company records, licenses, permits, directors, depot relationships and commercial arrangements can change. A verification reflects information reasonably available when it was completed and should not be treated as permanent.

Do Not Rely on a Badge Image Alone

A LicenseCheck badge or verification reference should be confirmed through the official reference-check process where current status matters.

Check a License / Badge / Reference →

Verification Is One Part of Due Diligence

Independent verification can reduce information risk, but it does not replace legal, financial, contractual, technical, environmental, tax, customs or regulatory due diligence appropriate to the transaction.

Need a New Verification?

Submit the counterparty, license, depot or claim you need assessed.