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Concept

Notice of Readiness (NOR)

A Notice of Readiness is the master's formal notice that the vessel has arrived and is ready in all respects to load or discharge. A valid, accepted NOR is the trigger that starts laytime; an invalid or premature NOR can delay commencement by days.

norlaytimeconcept

Source: LayGrounded reference. General reference information about a standard charter-party form — not legal advice.