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Laytime - NOR Tendering

NOR (Notice of Readiness) valid tendering - ship must be at the agreed place, ready in all respects, within office hours.

LaytimeNORCharter
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Formula, assumptions, and limits

NOR validarrived + ready + office hrs\text{NOR valid} \Leftrightarrow \text{arrived + ready + office hrs}
SymbolMeaningUnit
NORNORNotice 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.

Learn the theory Laytime: Voyage Charter Time Accounting