Sudhir Chandra,learned senior counsel appearing on behalf of the appellant has assailed the impugned order on the sole ground that the Charter Party dated 6th May,1997 having come to an end by efflux of time on 31st August,1998,the arbitration clause contained in it also perished and,therefore,in the absence of a fresh arbitration agreement,claim of the respondent relating to the period 1st September,1998 to 31st August,1999 could not be referred to arbitration by invoking arbitration clause in Charter Party dated 6th May,1997.Laying emphasis on the fax message dated 26th August,1998 addressed by the Oil Co-ordination Committee to the oil companies,including the appellant,inter alia,informing them that no further extension of the Current Charter Hire Rate will be allowed,learned counsel submitted that the said message made it clear to all concerned that Charter Party dated 6th May,1997 would not be extended under any circumstance