Prestige Cruise Holdings, parent company of Oceania Cruises and Regent Seven Seas Cruises, has announced that effective Nov 10, 2008, fuel supplement charges will be eliminated from all voyages departing in 2010 and the company has established specific guidelines under which the fuel supplement may be reimbursed to guests sailing on voyages departing in 2009.
For voyages departing in 2010, no fuel supplement will be charged on new reservations. For existing reservations on voyages departing in 2010, the fuel supplement charge will automatically be removed from the guests’ final payment balance. For voyages departing in 2009, the company will continue to apply a $15 per guest per day fuel supplement. Fuel supplement charge adjustments, if any, will be determined on a quarterly basis. Refunds, in the form of shipboard credits, will be applied to all reservations to which a fuel supplement had previously been charged if the quarterly closing price on the New York Mercantile Exchange of West Texas Intermediate fuel is below $65 per barrel two weeks prior to the beginning of the upcoming calendar quarter.
The dates on which the price of West Texas Intermediate fuel will be measured and the quarters during which refunds may be applied are listed in CruiseDiva.com's Cruise News.