Thursday, October 30, 2008

NCL to Eliminate Fuel Supplement

Norwegian Cruise Ling became the latest line to announce it would eliminate the fuel supplement for new bookings for 2010 and beyond as well as establishing guidelines for removing it from 2009 sailings.

The NCL announcement seems modeled most closely after Royal Caribbean's.

The line said that effective November 10, 2008, the fuel supplement will no longer be applied to bookings for 2010 sailings and beyond.

Like RCCL, NCL said they would be removed from existing bookings for 2009 and 2010 if "the closing price on the NYMEX (New York Mercantile Exchange) of West Texas Intermediate fuel [is] below $65 per barrel two weeks prior to the beginning of the calendar quarter (dates specified below), the company will refund fuel supplements paid in the form of an on-board credit." The closing price on that date will determine eligibility for the refund for the entire quarter.

Details were in the October 30, 2008 edition of Cruise News Daily.