Confirm whether a Notice of Readiness is valid under the four principal conditions.
Formula
$$ \text{Valid} = \text{Arrived} \land \text{Ready} \land \text{Channel} \land \text{Hours} $$
Symbol legend
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| $Arrived$ | Vessel at contractual point | bool | Charter party |
| $Ready$ | Physical readiness (holds, gear, free pratique) | bool | Master inspection |
| $Channel$ | Tendered through prescribed channel | bool | Charter party |
| $Hours$ | Tendered within prescribed office hours | bool | Port practice |
Sources
- BIMCO LAYTIMEDEFS 2013.