Laytime - NOR Tendering

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

LaytimeNORCharter

Arrived at place?Ready (holds / tanks / doc)?Within office hours?

Validity: NOR valid - laytime starts per CP

Changing the inputs requires JavaScript. The calculator above shows its default inputs and result. The formula, symbols, and regulatory sources are shown in the Formula section below.

Formula, assumptions, and limits

\text{NOR valid} \Leftrightarrow \text{arrived + ready + office hrs}

Symbol	Meaning	Unit
$NOR$	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.

Learn the theory Laytime: Voyage Charter Time Accounting