Definition The Notice of Readiness (NOR) is the document used by the Ship Master,  to notify his ship readiness, in every respect, to load and/or unload the goods during the period of his charter. NOR is an extremely important document as it triggers the commencement of laytime. "Laytime" is the term used to refer to the time allowed to the charterers to load/discharge cargo in return for payment of freight to the owners.In a case of invalid NOR, the vessel might not be considered as arrived ship and therefore all waiting time until berthing will be refuted in the demurrage claim.The … [Read more...]