What is FOR in commerce?

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Muhammad Azhar
19-June-2016

Corporate Finance Commerce Commerce Server Internal Audit Export Finance

Question ajoutée par mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice
Date de publication: 2013/12/16

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par Waqayan Al Waqayan , Secretary of Sharia Supervisory Board (SSB) , Ahli United Bank (AUB)

Free On Rail,

Pricing term indicating that the seller will put the goods on a railroad car (truck) at a named loading point without any extra charge. Also called free on truck.

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par Shamsi Khan , General Manager Supply Chain, Procurement & Operations , Oyster Group (MBK & MFK)

FOR is Free on Rail. Shipment on rail is responsibility of shipper. He will dispatch title documents to buyer/consignee. Ownership of goods pass to buyer/consignee on issue of railway receipt. Collection is responsibility of buyer/consignee.

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