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Notice of readiness

Related Terms

STAND BY

To be in readiness or prepared to execute an order.

The watchkeeping personnel shall be ready for starting or maneuvering the main engine.

OFFHIRE

A term used to describe the time at which a vessel is no longer meeting the terms of readiness for a shipment and is therefore no longer earning revenue during that time. Some situations which can cause offhire periods are holds not clean, dry, free from infestation; engine failure, cannot sail due to crew problem or shortage. Etc.. When a vessel's condition changes back to meet the contract or charter party terms it is placed back on-hire. In some cases such as poor engine perfoprmance which extends the charter and adds expenses a claim for partial offhire may be made.

CHECKOUT

A sequence of actions to test or examine a thing as to its readiness for incorporation into a new phase of use or as to the performance of its intended function.

NOTICE OF READINESS

A document served by the Master to the charterers informing them that the vessel is ready to according to the terms outlined in the charter party:

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