Definition of Delivery point:
The delivery point in futures contracts is the location where the physical commodity underlying the contract will be delivered. The futures contract buyers who maintain their position must be ready to accept the delivery and pay the agreed upon price for the physical commodity. .
The delivery point applies only to future contracts which stipulate a physical delivery of the asset.
In futures trading, location, specified by a futures exchange, to which a commodity traded on that exchange may be delivered.
Meaning of Delivery point & Delivery point Definition