International Business House

International Business House is the trusted global provider of business intelligence through conferences and training to the world’s leading OIL & GAS businesses.

 


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VIRTUAL COURSE: Understanding the Notice of Readiness (NOR) and how it can affect the bottom line.

10 August, 2021

 10 August


Session 1: 09:00 -11:00 (with 15 min break)

The what, why, how, where and when of the NOR

- NOR and Demurrage
- Arbitration and the Courts
- Example NOR
- Why and How it is given?
- Turkish Straits
- Laydays/cancelling

Valid or Invalid NOR

- Valid or Invalid NOR?
- NOR Allowance
- BIMCO definitions

10.45 to 11.00 Questions

30 Lunch


Session
 2: 
11:30 -13:30 (with 15 min break)

Landmark court rulings affecting NOR

- Johanna Oldenforff
- Mexico 1
- Petr Schmidt
- Happy Day

Compound effect of court rulings

- Agreed terms
- When does laytime start

13.15 to 13.30  Questions and close


Duration: 4 hours

 


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