{"@context":"https://schema.org","@type":"DefinedTerm","name":"Notice of Readiness","description":"The Notice of Readiness (NOR) serves one core purpose: to trigger the commencement of laytime under a charter party. By tendering the NOR, the vessel's master or agent formally notifies the charterer or port authority that the ship has arrived at the agreed destination and is ready to begin loading or discharging. From the moment the NOR takes effect, the laytime clock starts running – the period during which the vessel may be occupied without additional charge. If the charterer exceeds that per","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/notice-of-readiness","inLanguage":"en","dateModified":"2026-06-22T13:14:24.701119","citation":"https://www.investopedia.com/terms/n/notice-of-readiness.asp","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/notice-of-readiness","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"Notice of Readiness · The Notice of Readiness (NOR) serves one core purpose: to trigger the commencement of laytime under a charter party. · Quelle: https://www.investopedia.com/terms/n/notice-of-readiness.asp"}