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Rena cargo owners billed for recovery

Owners will have to pay a big bill to get it back The company salvaging the stricken container ship Rena has now confirmed the owners of cargo on board the ship will have to pay a big bill to get it back.The Mediterranean Shipping Company, which chartered the container ship, and an adjuster working for salvage company Svitzer have sent letters to container owners, naming their price.It comes after the company earlier refused to confirm details of the charges, which One News learnt about from sources.The letters say owners will have to pay 80 per cent of the container's value to get their property back.They can get a cash discount if they pay up front in US dollars, plus freight and insurance costs.The letters also warn that owners will have to pay fees to cover the storage cost of their container if they don't pay within a certain timeframe.It will be the highest charge in history to return shipwrecked goods, eclipsing the 60 per cent charged for cargo retrieved from the Napoli shipwreck off the British coast five years ago.Svitzer spokesman Matthew Watson said his company was following standard global maritime salvage practices."If property owners have concerns about their belongings, ...

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