Mardorf Peach & Co Ltd v Attica Sea Carriers Corporation of Liberia The appellants were the owners of a ship which they chartered in January 1970 to the respondents on a
time charter. The charterparty provided that the hire was to be paid ‘in cash semi-monthly in advance’
and was to be paid ‘to the Owners … into their account’ with the branch of a bank (‘FNCB’) to the credit
of a named account.