1. This civil suit has been filed, to pass a judgment and decree, against the Defendant:-

(a) directing the Defendant to pay the 1st Plaintiff a sum of Rs.1.75 crores towards the constructive total loss of barge Blue Marine-I.

(b) directing the Defendant to pay the 1st Plaintiff a sum of Rs.1.5 crores towards the salvage cost of barge Blue Marine-I.

(c) directing the Defendant to pay the 1st Plaintiff interest on the sum of Rs.3.25 crores at the rate of 12% p.a. from the date of filing of the suit till the date of realization.

2. The suit has been filed by M/s. Blue Marine Logistics Private Limited, Chennai, and M/s. Blue Marine Logistics(s) Pte Limited, Singapore, against M/s. United India Insurance Company Limited, Chennai-2, with respect to a Marine Hull and Machinery Policy No.011500/22/10/01/00000005, which was issued by the Defendant, covering the period from 23.04.2010 to 22.04.2011.

3. The 2nd Plaintiff had made an application for issuance of a Marine Hull and Machinery Policy for a sum of Rs.1.75,00,000/-. The suit claim was for a direction to pay to the 1st Plain