Laytime - NOR Tendering
NOR (Notice of Readiness) valid tendering - ship must be at the agreed place, ready in all respects, within office hours.
Validity
NOR valid - laytime starts per CP
Formula, assumptions, and limits
$$\text{NOR valid} \Leftrightarrow \text{arrived + ready + office hrs}$$
'Whether in port or not' (WIPON), 'whether in berth or not' (WIBON) clauses modify the requirement. Typical NOR lost if invalid - re-tender next office hour.
Symbol legend
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| $NOR$ | Notice of Readiness | - | BIMCO Voylayrules |
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