Saturday, December 6, 2008

Royal Caribbean Cruises Ltd. Suspends Fuel Supplement

Royal Caribbean Cruises Ltd. has announced the suspension of its fuel supplement for Royal Caribbean International, Celebrity Cruises and Azamara Cruises sailings that depart on or after Jan 1, 2009, anywhere in the world. The decision reflects the recently sustained lower price of fuel.

Effective Monday, Dec 8, guests making new bookings for sailings that depart on or after Jan 1, 2009, will not be charged the fuel supplement. Guests already booked on sailings that depart on or after Jan 1, 2009, will receive a refund of any fuel supplement paid, as follows:
  • Guests with existing bookings for sailings that depart on or after Jan 1, 2009, and who are now paid in full, will have the supplement automatically refunded to them in the form of an onboard credit during their sailing.
  • Guests with existing bookings for sailings that depart on or after Jan 1, 2009, and who are not yet paid in full, will have the supplement automatically removed from their outstanding balance.

The company reserves the right to reinstate fuel supplement charges if the price of West Texas Intermediate fuel exceeded $65 per barrel, on the quarterly milestone dates mentioned in the company's Oct 24, 2008, press release. The company announced on Oct 24, 2008, that no fuel supplement would be charged for new bookings made on or after Nov 10, 2008, for sailings that depart on or after Jan 1, 2010, unless there is an upturn in fuel prices. This announcement does not affect those previous terms.

Royal Caribbean Cruises Ltd. is a global cruise vacation company that operates Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Cruises and CDF Croisieres de France. The company has a combined total of 38 ships in service and six under construction.

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