The OFFSET IN - ‘AFTER’  constraint
 
 
NET Din OFFSET = IN 16nS AFTER CLK;
This says, Data will be valid here, 16nS AFTER the clock arrives here!…..
In other words: “The Data to be registered in the FPGA will be available on the FPGA’s input Pad 16ns AFTER the clock 
pulse is seen by the Upstream Device.”    For the purposes of the OFFSET constraint syntax, assume no skew on CLK 
between the chips. A PERIOD constraint is required to indicate when the subsequent clock pulse will be seen by the FPGA
to clock in the Data (Maximum_Allowable_Internal_P2S_Delay = PERIOD - OFFSET + internal_CLK_delay).
For this example, the max. P2S delay 
would be calculated by M1 as :
(Assuming internal CLK delay is 3ns.)