FOB

In the vocabulary of the gold trade, FOB means this: Free On Board; the buyer takes responsibility for the gold once it is handed to the carrier at origin. For anyone buying or selling gold from Guyana into Dubai, reading this term correctly is the difference between a clean transaction and a costly misunderstanding.

FOB does not stand alone. In a real deal it sits alongside CIF Dubai and Brinks-to-Brinks, and following those connections is how a professional reads an offer from the first quote to final settlement.

In practice you might see it used like this: "Some buyers prefer FOB and arrange their own secured freight." That is exactly how FOB appears in real Guyana-to-Dubai deals, where value is always confirmed on assayed content rather than a stated figure, and payment follows inspection.

When you deal with us, FOB sits inside a clear procedure: the deal is priced against the LBMA spot, the gold is assayed in Dubai, and settlement is based on the confirmed content, with no large advance payment. As a sourcing organisation with a network of over 1,000 miners, mines, dealers and refiners across Guyana, we use FOB in exactly the sense defined above.

If you see FOB used in a way that does not match this definition, or to push you toward paying fees before inspection, treat it as a warning sign. The right term clarifies a deal; it is never used to obscure one.