FOR stands for various terms. Discover the full forms, meanings, and possible interpretations of FOR across different fields and industries.
Free On Road (FOR) is a business term that refers to the seller's obligation to deliver goods to a specified location, with all costs up to that point covered by the seller. This includes transportation, insurance, and any export duties. The buyer assumes responsibility once the goods are delivered to the agreed location.
In the context of international trade, FOR terms are crucial for defining the point at which risk and cost transfer from seller to buyer. It's often used in contracts to specify delivery terms, ensuring both parties understand their obligations. This term is particularly relevant in industries where transportation and logistics play a key role in the supply chain.
BusinessCarHotelLast updated: