Notice Of Readiness

Summary of Notice Of Readiness

Written notification provided by a vessel owner to a charterer, shipper, or consignee that the vessel has arrived at port and is prepared to commence loading or discharging of cargo, as the case may be. Failure by the charterer, shipper, or consignee to commence loading/discharging is apt to start Laytime (read this and related legal terms for further details) running.

(Main Author: William J. Miller)