Not ready for NOR

A ship agent in the US failed to issue a Notice of Readiness (NOR) to the terminal in time, resulting in a delay of just under five days.

The total amount the agent’s principal was out of pocket was US$ 70,000. This was because had the agent tendered a valid NOR at the correct time time would have started running earlier. Due to the delay with the NOR the vessel was not on demurrage for part of the period which it would have been had the agent issued the NOR on time.

Luckily the agent had a good commercial relationship with their principal who agreed to accept 50% of their loss.

The total claim was US$ 35,000 which ITIC paid