The Underwriters may also take tenders or may require further tenders to be taken for the
repair of the Vessel. Where such a tender has been taken and a tender is accepted with the
approval of the Underwriters, an allowance shall be made at the rate of 300fo per annum
on the insured value for time lost between the despatch of the invitations to tender required
by Underwriters and the acceptance of a tender to the extent that such time is lost solely as
the result of tenders having been taken and provided that the tender is accepted without
delay after receipt of the Underwriters' approval