NOR (Notice of Readiness)
Category: Logistics
Also searched as: Notice of readiness
Definition (plain English)
A formal notice that a vessel is ready to load or discharge under the charter or port terms.
Why it matters commercially
NOR can start the laytime clock, making it central to demurrage and dispatch calculations.
Example
The buyer disputed demurrage because NOR was tendered before the berth and documents were actually ready.
Common mistake
Accepting NOR without checking whether it was valid under the charter-party terms.
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