FREE ON RAIL Meaning and
Definition
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"Free on rail" (FOR) is a transportation and shipping term that refers to a specific type of trade agreement or delivery condition in which the seller is responsible for delivering the goods to a designated transportation point, typically a railway platform. This term is commonly used in commercial transactions and contracts, particularly in international trade or large-scale shipments.
In a "free on rail" agreement, the seller bears the risk and cost of transporting the goods from their own premises or storage facility to the designated railway station. The seller is required to ensure that the goods are delivered in good condition to the specified location, ready to be loaded onto the train for further transportation. Once the goods are delivered at the designated rail station, the responsibility and costs of transportation are transferred to the buyer or buyer's representative.
The "free on rail" condition ensures that the seller takes on the responsibility of transportation until the point at which the goods are loaded onto the train. It signifies that the seller assumes all risks associated with loading, shipping, and delivering the goods to the rail station, including any costs related to packaging, handling, and storage.
Overall, "free on rail" defines a trade arrangement in which the seller is responsible for delivering the goods to the designated railway platform, with the buyer assuming responsibility for transportation from that point forward.
Common Misspellings for FREE ON RAIL
- dree on rail
- cree on rail
- vree on rail
- gree on rail
- tree on rail
- rree on rail
- feee on rail
- fdee on rail
- ffee on rail
- ftee on rail
- f5ee on rail
- f4ee on rail
- frwe on rail
- frse on rail
- frde on rail
- frre on rail
- fr4e on rail
- fr3e on rail
- frew on rail
- fres on rail
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