NCL suspends fuel supplement
Norwegian Cruise Line has become the latest cruise company to suspend its fuel supplements.
The move will apply from today (Thursday) for all 2009 departures.
NCL said it is to refund the fuel supplement in the form of an on-board credit for all 2009 bookings within the final payment period.
All existing 2009 bookings outside of the final payment period will be adjusted to remove the fuel supplement and NCL will revise the final payment amount.
The line will continue to closely monitor global fuel prices to assess whether a reinstatement of the fuel supplement will be necessary in the future.
The company said it reserved the right to re-instate the fuel supplement should the price of light sweet crude oil according to the NYMEX (New York Mercantile Exchange Index) increase above $65 per barrel.
by Phil Davies
Phil Davies
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