ASTRO AMO COMPANIA NAVIERA S.A. v. ELF UNION S.A. AND FIRST NATIONAL CITY BANK (THE "ZOGRAPHIA M")

[1976] 2 Lloyd's Rep. 382

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Ackner

Charter-party (Time) - Hire - Withdrawal of vessel for non-payment of hire - Whether payment made before notice of withdrawal given -Whether acceptance of late payment constituted a waiver of right to withdraw. Banking -Payment order - Whether shipowners bound by bank's acceptance - Whether bank in breach of its contractual obligations relating to payment of charter hire.