What is notice of readiness in shipping?
What is notice of readiness in shipping?
The Notice of Readiness (NOR) is the document used by the captain of the ship, in the event of voyage chartering, to notify that his ship is ready, in every respect, to load and/or unload the goods.
What is the Notice of Readiness document used for?
A Notice of Readiness (“NOR”) is a notification by the vessel that she is ready to start the charter service (upon delivery) or is ready to load or discharge cargo. Giving an NOR has two purposes: (i) to inform the charterers that the vessel is at their disposal; and (ii) to start the running of hire or laytime.
Who is the notice of readiness given to?
charterer
THE CONTENTS OF THE NOTICE OF READINESS The notice of readiness is the notice to the charterer, shipper, receiver or other person as may be required under the charterparty that: (1) The vessel has arrived at the specified destination where the notice of readiness can be given.
What is vessel laytime?
A laytime is a free time (allotted time) given to the charterer of a vessel for loading or unloading. During the allotted time, the charterer has to load or unload his goods on the available free time written in the charter agreement.
What is the implication of notice of readiness to Laytime explain?
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.
What are the conditions to make a vessel ready to load or discharge cargo?
The vessel is ready to load or discharge the cargo as the case may be. This means that the vessel must be both physically ready in that the holds are ready to receive the cargo and legally ready in that all documentation necessary to enable her to commence loading is in order.
What is a Notice of Readiness and who use this form?
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. The Notice Of Readiness (NOR) is always to be tendered in accordance with the terms of the Governing Charter Party.
What is all purpose layday?
Laydays are always planned in advance so that all the required operations are carried out in the specified time. Laydays are defined in different ways such as: Running days – Includes consecutive days including weekends and holidays. Working days – Includes consecutive days excluding weekends and holidays.
What is Laydays and Cancelling date?
Laydays refers to a period of specified days (e.g. “Jan 7/16”) during which owners must present the vessel for loading. The cancelling date is the final layday and the date beyond which, if the chartered vessel has not been presented for loading, the charterers may reject her and cancel the charter.
What does Wibon mean?
Whether in berth or not (WIBON). This expression refers to the time when a notice of readiness can be tendered by the master.
What is the difference between Laycan and laytime?
In charter parties and related documents the laycan will usually be written as (for example) “10/20 May”, meaning 10 May is the first layday while 20 May is the cancelling date. Laytime clause states the period of time allowed for loading and for discharging.
What is a notice of readiness on a ship?
Notice of Readiness. ‘This is a “ . . . notice to the Charterer, shipper, receiver or other person as required by the charter that the ship has arrived at the port or berth as the case may be and is ready to load/discharge”. (“Charterparty Laytime Definitions 1980”.)
When is a vessel ready to receive or discharge cargo?
The vessel is ready to receive or discharge the cargo. The notice of readiness is tendered to and received by the proper person according to the charter-party. The notice of readiness is tendered in a contractual way. The notice of readiness is tendered at a time that is allowed by the charter-party.
When is a notice of Readiness (NOR) valid?
In order for a notice of readiness to be valid, the vessel must be ready at the time that the notice is given, not at a time in the future. For a Notice of Readiness (NOR) to be binding it must be accepted by the charterers. In case it is not accepted, shipowner should continue tendering NORs to safeguard against a later potential dispute.
What is a tendering notice of readiness/commencement of laytime?
Maritime law section on tendering notice of readiness/commencement of laytime and types of laytime. Definition of laytime: “Laytime shall mean the period of time agreed between the parties during which the Owner will make and keep the vessel available for loading or discharging without payment additional to the freight”.