LBMA Good Delivery definition
LBMA Good Delivery means gold and silver in accordance with the requirements set forth in the “Good Delivery Rules for Gold and Silver Bars – Specifications for Good Delivery Bars and Application Procedures for Listing”, January 2019, of the LBMA, as the same may be amended or otherwise modified from time to time.
Examples of LBMA Good Delivery in a sentence
In the refining industry, the LBMA Good Delivery List is now widely recognised as representing the de facto standard for the quality of gold and silver bars, in large part thanks to the stringent criteria that an applicant must satisfy before being listed.
Gold can also be refined at other international LBMA Good Delivery refineries of Gold-Ore Owner’s choice for an additional cost of $100.00/oz., not including additional secure shipping, insurance, and vaulting fees.
The Refined Gold and Refined Silver delivered pursuant to this Agreement need not come from the gold or silver physically produced at the Project, provided that any Refined Gold or Refined Silver has been refined by a refinery on the LBMA Good Delivery List.