The Claimants did not have any loss of hire insurance between the policy of 2006 and that of 2008. In
2008 the Claimants decided to resume the loss of hire cover. The risk was broked as a good risk to the
Defendant in terms that the vessel had an "excellent hull record" with only one hull claim and "no major
business interruption". The loss of hire policy was subject to a limit of 30 days each accident or
occurrence or series of accidents or occurrences arising out of one event. There was an excess of 14 days
any one occurrence, and 21 days in respect of machinery claims.