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Peru has chosen Javier Fuentes-Leon’s “Contracorriente” (Undertow) to vie for a foreign language Oscar nomination.

Ghost story has won a string of festival awards including the Sundance 2010 World Cinema audience award.

Peruvian-Colombian co-production is set on a coastal town in Peru where a married fisherman has to reconcile his dead male lover’s memory to the unyielding traditions of his community.

L.A.-based non-profit The Film Collaborative plans a platform release in the U.S. starting Sept. 17 in San Francisco. Pic will be released wider in November.

San Jose-based Wolfe Releasing, which focuses on gay and lesbian-themed content, picked up North American DVD distrib rights soon after its Sundance screening.

Submissions for the foreign language Oscar must reach the Academy by 5 p.m. Oct. 1. Nominations will be announced on Jan. 25. The 83rd Academy Awards will be held at the Kodak Theater on Feb. 27.