The Weekly Law Reports
[1976] 2 WLR 668
[COURT OF APPEAL]
MARDORF PEACH & CO. LTD.
v.
ATTICA SEA CARRIERS CORPORATION OF LIBERIA
1976 Jan. 20,
21,
22;
Feb. 25
Feb. 25
Lord Denning M.R., Lawton and Bridge L.JJ.
Shipping
— Charterparty
— Time charter
— Hire
— Right to withdraw vessel failing “punctual payment”
— Instalment due on day when banks closed
— Late tender of hire by payment order to owners' bank
— Payment order accepted
— Subsequent instructions by owners to return payment
— Withdrawal of ship Whether waiver of right to withdraw by bank's acceptance
Banking
— Payment order
— Bankers' currency settlement scheme
— Member banks regarding payment order as equivalent to cash
— Whether equivalent to cash in customer's account before internal banking processing
Ships' Names
— Laconia