delivery point


Also found in: Medical, Acronyms, Encyclopedia, Wikipedia.

Delivery Point

In international commerce and futures contracts, the agreed-upon location where the seller or his/her representative must hand over the underlying good or commodity in order to have fulfilled the obligation to make delivery. Often, a delivery point is a warehouse.

delivery point

The specified location at which a commodity may be delivered to satisfy a futures contract. The points and procedures for delivery are established by the exchange on which the contract trades.
References in periodicals archive ?
The supplier contacts Delivery Point and confirms the customer's details.
If the delivery point is the Iran-Pakistan border, as Iran insists, then India must pay for whatever gas crosses that border, even if it never gets to India.
But recently, the agency and its partner in the fuel assistance program Medco, a Lebanese petroleum company that produces and redeems the winter fuel vouchers for refugees, moved delivery points to outside the region.