Royal Caribbean Cruises Suspends Fuel Supplement

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Royal Caribbean Cruises Ltd. has joined Carnival and NCL with the announcement that it will suspend its fuel supplement for Royal Caribbean International, Celebrity Cruises and Azamara Cruises, which depart on or after January 1, 2009. Similar to other cruises lines who have dropped supplements, Royal Caribbean said its decision was based on "the recently sustained lower price of fuel."

Effective December 8, guests making new bookings for sailings that depart on or after January 1, 2009, will not be charged the fuel supplement.

Guests who have already booked a voyage that departs on or after January 1, 2009, will receive a refund of any fuel supplement paid, as follows: Guests with existing bookings for sailings that depart on or after January 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 January 1, 2009, and who are not yet paid in full, will have the supplement automatically removed from their outstanding balance.

Royal Caribbean says it retains the right to reinstate fuel supplement charges if the price of West Texas Intermediate fuel exceeds $65 per barrel, on the quarterly milestone dates mentioned by the company in October.

The company announced on October 24, 2008, that no fuel supplement would be charged for new bookings made on or after November 10, 2008, for sailings that depart on or after January 1, 2010, unless there is an upturn in fuel prices.

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