18 Sep 2012

Rena owners begin compensation process in London

12:28 pm on 18 September 2012

The owners and insurers of the Rena have started a process in London to compensate losses caused by the container ship's grounding.

The ship ran aground on Astrolabe Reef, off the coast of Tauranga, on 5 October last year.

A General Limitation Decree is being advertised, which sets up a $NZ27 million fund to satisfy claims for loss, damage, delay causing loss, or any infringements of rights as a result of the grounding.

The Rena's owners and insurers say it is intended that a similar fund will be set up in New Zealand.

The final date for lodging a claim against the London fund is 21 December this year.