ASBA Agent Practice Exam 2026 - Free ASBA Agent Practice Questions and Study Guide

Notice of readiness is the term used in maritime operations to indicate that the vessel has arrived at port and is prepared to load or discharge cargo. When issued by the master or the ship’s agent, it starts the laytime clock under a charterparty, marking the beginning of cargo operations unless delays occur. This makes it the correct term for NOR. Other options don’t fit: notation of repair isn’t a standard term for cargo readiness, net registered ton relates to the ship’s capacity, and a naval operational report isn’t used to signal cargo readiness.