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In the context of international gold trading, FIB stands for "First In, Best" or "First In, Best Dressed." It refers to a trading principle where the first buyer or seller to make a trade has priority over subsequent transactions. This can impact pricing and availability, as it incentivizes timely execution in the fast-paced gold market. Understanding FIB dynamics can help traders optimize their positions and strategies.
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What do spa in terms of international trading mean?
Sales and Purchase Agreement,
What do RWA and POF in terms of international trading mean?
RWA = ready, willing and able POF = Proof of funds
What does the term COGS mean on the trading market of gold?
In the trading market of gold and other products "COGS" is the cost of goods sold, one of the many factors along with labor and transport used to figure the profitability of the commodity traded.
What is mean by trading density?
Annual moving turnover
What does PC mean in economic terms?
perfect competition
What do RWA in terms of international oil trading mean?
What does RWA mean in the oil trading business
What does CPT mean in terms of international trading?
carriage paid to
What do spa in terms of international trading mean?
Sales and Purchase Agreement,
What do RWA and POF in terms of international trading mean?
RWA = ready, willing and able POF = Proof of funds
What do FCO in terms of international trading mean?
fco in international trading is:Full Corporate Offer .This is the final, detailed, specific offer that the seller is sending to the buyer.Doron Tamir, Advocate.http://law.tamir.co.il/?cf=wikians
What do POP and POF in terms of international trading mean?
POF stands for proof of fund that is used for collateral or securities. It proofs that one has fund to maintain any cost.
What do RDlc in terms of international trading mean?
RDl/c means REVOLVING DOCUMENTARY LETTER of CREDIT - it is banking instrument & it usual payment term in Int' trading when we speaking for yearly contracts. in this case each month shipment-loading has the same value.
What do LOI in terms of international trading mean?
LOI in international trading refers to a "Letter of Intent." It is a document that outlines the preliminary understanding between parties intending to enter into a business agreement, such as a trade transaction. An LOI typically details the terms and conditions of the proposed deal but is generally non-binding, serving as a basis for further negotiations and formal contract development. It helps establish a mutual commitment and clarifies intentions before finalizing a contract.
What does CIS mean in shipping terms?
CIS: Chinese International Shipping
What does the term PB in international trading mean?
Performance bond A surety bond between two parties, insuring one party against loss if the terms of a contract are not fulfilled. Usually part of a construction contract or supply agreement.
What does the term COGS mean on the trading market of gold?
In the trading market of gold and other products "COGS" is the cost of goods sold, one of the many factors along with labor and transport used to figure the profitability of the commodity traded.
What does lgb mean in gold?
"LGB" in gold typically stands for "London Good Delivery Bar," which is a commonly traded gold bar that meets certain quality standards for trading on the London bullion market.
