A Notice of Readiness (NOR) is a formal declaration issued by the master of a vessel indicating that the ship has arrived at the port and is ready to load or unload cargo. NOR serves as a critical timestamp in maritime contracts, triggering demurrage, laytime, or other contractual obligations. Accurate issuance of NOR ensures operational clarity, legal compliance, and proper coordination between shippers, consignees, and port authorities.
Characteristics:
- Declares vessel readiness for loading or unloading cargo
- Triggers demurrage and laytime calculations
- Serves as a legal and contractual timestamp
- Supports coordination between port authorities, shippers, and consignees
- Ensures transparency and compliance in maritime operations
