October,1998.Yet again while responding to appellant s fax dated 31st December,1998,whereby the respondent was required to sign a provisional charter party by 4th January,1999,vide their letter dated 4th January,1999,the respondent,pointed out to the appellant that usual practice is that pending finalization of the new Charter,the existing terms and conditions of the Charter Party continue to apply and,therefore,they were willing to sign the agreement as contemplated by the appellant based on the existing terms and conditions