Tuesday, November 11, 2008

Fuel Supplement Update

Well, the good news is that Royal Caribbean and NCL (and their other brands) have now also come up with formulas to return fuel supplements for 2008 and 2009 sailings based on a formula tied to the NY Mercantile Exchange price on a specific date prior to each quarter. They are not adding a fuel supplement for bookings in 2010.

The benchmark is $65 so when under that at the date they predetermined, they will give an on board credit equal to what passengers paid for cruises during the following quarter.

OK - let's make this simple. For 2008 and 2009 sailings, you pay the fuel supplement and maybe have a surprise once on the ship of an on board credit you did not expect. Of course, depending on the cost of fuel, this could all change again.

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