Newsfeed Update
On a charter, the cost clock doesn't start when the ship arrives. It starts when the paperwork says so. Notice of Readiness (NOR) is the master's formal message: we're here and ready to load or discharge. Laytime is the time allowed for cargo work before demurrage (daily penalty charges) kicks in. It's counted from the NOR, according to the charter wording. Here's the catch. If the NOR is valid but your trailers, cranes or permits aren't ready, the clock runs while nothing moves. We check the laytime clauses against the site plan before the charter is agreed, so the ship and the site are ready at the same time. Charter on the table? Let us go through the laytime clause with you. #ProjectCargo #BreakBulk
Originally shared by Transcar Projects on Facebook.