A 3. The appellant is a company dealing in the business of manufacturing and exporting food products and cereals/grains etc. The appellant was to export sorghum (hereinafter referred to as the j§cargoj'') to the State of Niger. The appellant thereafter negotiated with the head of the State of Niger through a lady B Principal Officer for an export order. In that process, the appellant herein obtained an irrevocable letter of credit from the State Bank of India, Overseas Branch, New Delhi, on 12th of July, 2005. On 26th of July, 2005, the appellant addressed an e-mail to the respondent through its broker Brisk Marine Services. As per c the Gontents of the mail the appellant promised to load 13,500 , MT of the cargo at Kakinada Port for transportation to Cotonou. The respondent herein, issued a bill of lading. As per the terms and conditions of the Charter Party Agreement, the appellant had to load the said cargo within nine days on or before 5th of 0August,2005.ThevesselM.V.Kapitan Nazarev arrivedat Kakinada Port on 24th of July, 2005. The surveyor of the appellant inspected the vessel on 25th of July, 2005. For some reason or the other, the proposal of the appellant did not fortify. On gth of August, 2005, the appellant informed the respondent that he could not get the export order from the State of Niger due to E some unreasonable conditions imposed by it. As per the Charter Party Agreement, existence of which was alleged by the respol']<;ient and denied by the appellant, the appellant had to load maize to Colombo from. Kakinada Port, in case he failed to get the export order from Niger. On 19th of August, 2005, the appelF lant addressed an e-mail to the respondent stating that he was ready to compensate the respondent for the loss suffered by it. On 24th of August, 2005, the respondent addressed an email back to the appellant stating that it was not satisfied with the demurrage amount offered to be paid by the appellant. A peG rusal of the facts clearly reveal that the dispute started between the appellant and the respondent with regard to the quantum of demurrage. The appellant herein loaded 1100 MT of the cargo in the vessel from 6th of August, 2005 to gth of August, 2005 as against 13,500 MT of the agreed cargo. On 5th of September, H 2005, the appellant sent an email to the respondent requesting