A deployment system is utilized to deploy an overboard pump over the side of an offshore rig or vessel. A reel of hose with an overboard pump is securable to an end of the reel of hose. A bend restrictor supports the hose as the hose bends downwardly for deployment in water. The bend restrictor is mounted for movement with respect to the reel whereby the bend restrictor is movable away from the reel, preferably along a fixed and predetermined path, to a deployment position to permit the overboard pump and the hose to be deployed into the water over the side of the offshore rig. The bend restrictor is also movable to a non-deployed position such that the hose guide is above the rig floor where the pump may be serviced.