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Update On San Cuvier Accident


29 July 2008 12.25pm

Press Statement Update On San Cuvier Accident

Company officials along with insurance assessors and accident investigators were able to board the San Cuvier this morning and inspect the vessel. The assessment by Sanford personnel completed at the vessel have concluded it is now likely to be a total constructive loss and it is expected that the insurers will confirm this position in the near future. Before the future of the wreck is decided, the Company in conjunction with the insurers is preparing plans to remove all of the diesel and other contaminants on board the vessel and this operation is expected to commence as soon as the current weather settles.

A senior executive of Sanford Limited, experienced in dealing with situations such as these, Mr Tom Birdsall is now in charge of the recovery operations and he will make further statements and comments on behalf of the Company. His contact details are 027 494 2814.


ENDS

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