For international trade, delivery of dec05 usually includes FOB, CIF and DAP. FOB means that the seller transports the goods to the dock and is responsible for loading the goods on the means of transport. CIF includes transportation and insurance costs, and the seller needs to transport the goods to the port of destination. DAP means that the seller bears all transportation costs and risks and delivers the goods to the designated destination.
In commodity futures trading, the delivery date is one of the important terms of the contract. The delivery date of the contract is binding on both buyers and sellers. Sellers need to deliver goods on time, and buyers need to pay on time. If the seller fails to deliver the goods before the agreed date, it will be regarded as a breach of contract, and the buyer has the right to claim compensation or terminate the contract. Therefore, for investors who participate in futures trading, it is necessary to understand the impact of delivery date on price fluctuations and adjust trading strategies in time according to market changes.