 The question was not simply, what was a probable loss, but what the parties had in mind, or what was in their contemplation, regarding the nature of the business transaction.He noted Goff J's statement in "Satef-Huttenes Albertus SpA v Paloma Tercera Shipping Co SA (The Pegase)" [1981] Lloyd’s Rep 175, 183, asking what a reasonable person would have thought his responsibility was.“The test appears to be