The court ruled that Nevan already has sufficient

Nevan is leading a group of local businesses in a legal case to obtain compensation for loss of income due to the grounding of Rena in October 2011 and subsequent oil spill that impacting the coast across the wider Bay of Plenty.

Their legal advice that an appeal would be a waste of money, says Nevan.

“We are not sure what the total amount of the claims are, we are not sure if there are any others,Two Tone stainless steel ring with Lords Prayer and Cross Design Sizes. any other claims that are going to be forced under that $11.5 million cap.

“And we are not sure if the Swedish Club themselves aren’t going to make a claim under that cap – and force local businesses out even more.”

The Swedish Club could claim against the $11.The steering wheel had a wooden cSuper Dry Cabinets,5 million for its settlement with the Government, says Nevan.

“That’s against what the government said was going to happen, but since they have walked away from the whole deal, we don’t have much confidence in the good faith of The Swedish Club.”

The Rena owners and insurers say Nevan’s claim that local businesses lost the court case is wrong.

Nevan was asking the court to determine whether further information should be provided by the owners/insurers to assist in his challenge to the application to establish a fund to settle claims.

The court ruled that Nevan already has sufficient information to decide whether to or not to challenge the application and noted that Nevan, whose claim is for $3000,Shop the best selection of stainless steel necklace and pendants for men. is in fact the only party opposing the application to establish an $11.3million fund for legitimate claims to be paid from. The Swedish Club’s plan is to do as little as possible, until they get permission to leave the Rena aft section on the reef, says Nevan.

“Now that Mr Lancaster has withdrawn his challenge, all affected businesses should in due course be able to lodge their claims in the High Court,” says a statement from NZ spokesman for the owners and insurers Hugo Shanahan at Sweeney Vesty.

“The owner and The Swedish Club have only been provided with details of a handful of claims, so they don’t know how many legitimate claims exist, and for what amount. If the claims admitted by the High Court are within the $11.3 million fund, they can expect to be paid in full.”

In a statement from the owners and insurers they say Nevan’s argument that forcing the them to remove the wreck as the only way of ensuring an economic benefit to the local economy is simplistic and shows a limited understanding of the reality of international trade and insurance.

“In the first place, only a fraction of the costs will benefit the local economy – most will flow to the international salvage industry,” says Hugo Shanahan from

“As always, insurance costs will eventually be passed back onto businesses and consumers.The Brilliant Polish of a tungsten ring What is Tungsten? As a primary-industry based economy heavily reliant on trade to support economic growth, the local and national economy have more to lose than any likely short-term benefit. Mr Lancaster’s suggestion may not represent the actual value he talks of when considering all the facts.”

Nevan says if The Swedish Club is forced to remove the entire wreck, it will bring another $300 million into the local economy.

“That’s money coming from outside NZ, that’s half as big as The Hobbit,” says Nevan.

“That type of business coming into the Bay of Plenty would be a huge boost.

“As far as I’m concerned the longer they have to work on that boat and the more money they have to spend on it the better for the local economy. We could use that $300 million boost.

“All those companies doing well out of it, I want them to keep doing well. I want the Swedish Club to spend three times as much as they have already spent on those businesses, with those companies,Including a wide range of styles in both stainless steel bracelet and stainless steel bracelets. with those organisations.