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  • Notice Of Readiness

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BH: NOTICE OF READINESS IMPORTANT NOTICE REQUIRING A REPLY! Please indicate that you have reviewed the requirements below and are ready for the licensing survey by signing and returning the completed.

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The DEMDES (Demurrage/Despatch) represents the amount of money which has to be paid if a ship is loading or discharging slower or faster than foreseen. Usually the despatch money, which is paid by a shipowner, is half the amount of the demurrage, which is paid by a charterer.

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.

Under a Port C/P the vessel may tender her NOR when she has arrived within the port limits and is at the immediate and effective disposal of the charterers. Under a Berth C/P the vessel may tender her NOR when she has arrived at the berth named in or to be nominated under the C/P.

Under a Port C/P the vessel may tender her NOR when she has arrived within the port limits and is at the immediate and effective disposal of the charterers. Under a Berth C/P the vessel may tender her NOR when she has arrived at the berth named in or to be nominated under the C/P.

A Notice of Readiness is a document issued by the captain of a ship to showcase readiness for loading or unloading goods from/into his ship. When NOR is issued, it signifies to the person or company in need of the ship to be immediately available for loading or unloading of their goods.

A notice of readiness therefore contains several statements of fact. In order to be a valid notice, those statements must be true. If the statements are incorrect the notice is invalid and a nullity so far as the contract is concerned and ineffective to start 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.

Generally, NORs cannot be validly served before the vessel qualifies as an "arrived ship", which means that the vessel must have reached the place specified, whether expressly or impliedly, by the charterparty.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232