Good Delivery Standards definition

Good Delivery Standards means the specifications for “good delivery” platinum plates and ingots, including the specifications for weight, dimensions, fineness (or purity), identifying marks and appearance of platinum plates and ingots, set forth in “The Good Delivery Rules for Platinum and Palladium Plates and Ingots” published by the LPPM.
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Good Delivery Standards means the specifications for weight, dimensions, fineness (or purity), identifying marks and appearance, being a minimum fineness (or purity) of 99.95% weighing between 32.151 and 192.904 ▇▇▇▇ ounces as set forth in “The Good Delivery Rules for Platinum and Palladium Plates and Ingots” published by the LPPM;
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Good Delivery Standards means, in relation to a Metal, the “Good Delivery” standards as to weight set by the relevant trade association, being, in the case of gold and silver, the LBMA and in the case of platinum and palladium, the LPPM.
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Examples of Good Delivery Standards in a sentence

  • Every Authorized Participant depositing gold under this Agreement shall be deemed thereby to represent and warrant that (a) the deposited gold represents the right to receive gold that meets the London Good Delivery Standards, (b) the Authorized Participant making such deposit is duly authorized to do so and (c) at the time of Delivery, the gold is free and clear of any lien, pledge, encumbrance, right, charge or claim (other than the rights created by this Agreement).

  • Every Authorized Participant depositing platinum under this Agreement shall be deemed thereby to represent and warrant that (a) the deposited platinum represents the right to receive platinum that meets the Good Delivery Standards, (b) the Authorized Participant making such deposit is duly authorized to do so and (c) at the time of Delivery, the platinum is free and clear of any lien, pledge, encumbrance, right, charge or claim (other than the rights created by this Agreement).

  • Specifications: All gold, silver and platinum bars purchased herein shall conform to Good Delivery Standards at the time of transfer of title to the Client.


More Definitions of Good Delivery Standards

Good Delivery Standards. Means the industry‐recognized standards for the classification of bullion bars used within the precious metals industry and adopted for use by BCS from time to time. The specifications indicate acceptable ranges of bar size, weight, purity, and dimensions.
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