Value Payable System:-
While booking goods in this system, consignee’s name and address is not written on the forwarding note, instead ‘Self’ and name of destination station is written. On the packages and Railway receipt also, ‘Self’ and name of destination station is written. Railway receipt will be endorsed on consignee’s name by consignor.
Consignor will send railway receipt and other documents to a bank or post office at destination station. By depositing cost of goods in the bank /post office consignee will obtain Railway Receipt. On presenting railway receipt in goods shed, delivery will be granted.
