Laytime - NOR Tendering
NOR (Notice of Readiness) valid tendering - ship must be at the agreed place, ready in all respects, within office hours.
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Formula, assumptions, and limits
| Symbol | Meaning | Unit |
|---|---|---|
| Notice of Readiness |
Source: BIMCO Laytime Definitions 2013
In short
NOR (Notice of Readiness) valid tendering - ship must be at the agreed place, ready in all respects, within office hours.