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What is FOR in commerce?

Corporate Finance Commerce Commerce Server Internal Audit Export Finance
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Question ajoutée par mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice
Date de publication: 2013/12/16
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Waqayan Al Waqayan
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.

 

Shamsi Khan
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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