Meaning : Freight on Road
Category : Business
Sub Category : Import Export
What does F.O.R mean or stand for?
FOR is an incoterm that is used by international shipping,cargo and freight forwarding logistics companies to calculate costs as well as insurance.This is similar to FOB which stands for Free on Board or Freight on Board.F.O.B is when the cargo has been loaded onto the ship and is on its way to the destination of the shippee.
These incoterms are international standards in shipping and the further you want your cargo delivered,the more it will cost you.For example a shipper will charge you less if he only transports the goods till the ship and not till your doorstep.