pi_circular Compliance & regulationOperational risk Gard
Most voyage charterparties make the commencement of laytime conditional on the tender of a valid notice of readiness. If the notice is invalid, then in the absence of a waiver by charterers laytime will not commence at all, even if the charterers knew or ought to have known that the vessel was in all respects ready.
Notice of readiness and the commencement of laytime | Gard's Insights
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