Is there going to be a Fuel Charge now?

[lovelights]

I just seen on the news that the price of a barrel of oil is up to $65.00+. Does this mean that the cruise lines are now going to charge extra?

 

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Here's what was on NCL's website:

The Company reserves the right to re-instate the fuel supplement for all guests should the price of light sweet crude oil according to the NYMEX (New York Mercantile Exchange Index) increase above $65 per barrel.

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Doesn't this mean that any one that has already booked and paid for their cruise, can be charged add'l charges now for the fuel increase once they get onboard? Or will this just be for new bookings?

[scchasgal]

I just seen on the news that the price of a barrel of oil is up to $65.00+. Does this mean that the cruise lines are now going to charge extra?

 

------------------------

Here's what was on NCL's website:

The Company reserves the right to re-instate the fuel supplement for all guests should the price of light sweet crude oil according to the NYMEX (New York Mercantile Exchange Index) increase above $65 per barrel.

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Doesn't this mean that any one that has already booked and paid for their cruise, can be charged add'l charges now for the fuel increase once they get onboard? Or will this just be for new bookings?

 

You will have to wait and see there is a quarterly look at the fuel prices and NCL that you quoted does say that is reserves the right to do it not that is will. The end of the quarter is June 30th and I am thinking it is a two week before end of quarter that they look at. Someone will be along here to correct me I am sure.

[tdcjerry]

This should help answer any question on the fuel surcharge. NCL To Eliminate Fuel Supplement

 

 

 

Miami - Oct 30, 2008 ---

 

Norwegian Cruise Line (NCL) announced today that the company's current fuel supplement will no longer apply to bookings made on or after November 10, 2008 for sailings that depart on or after January 1, 2010.

 

For guests booked prior to November 10, 2008 for sailings that depart on or after January 1, 2010, the company has established the following guidelines for the refund of fuel supplements paid:

 

The criteria for refund will be determined on a quarterly basis. Should the closing price on the NYMEX (New York Mercantile Exchange) of West Texas Intermediate fuel be 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.

 

For guests booked on sailings that depart in 2009 (on or after January 1, 2009 and that depart on or before December 31, 2009), regardless of booking date, the company has established the following guidelines for the refund of fuel supplements paid:

 

The criteria for refund will be determined on a quarterly basis. Should the closing price on the NYMEX (New York Mercantile Exchange) of West Texas Intermediate fuel be 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 dates on which the price of West Texas Intermediate fuel will be measured and the quarters during which refunds could apply are:

 

Fuel Price Determination Date Quarter of Possible Fuel Supplement Refunds

December 18, 2008 First Quarter 2009

March 18, 2009 Second Quarter 2009

June 17, 2009 Third Quarter 2009

September 17, 2009 Fourth Quarter 2009

December 18, 2009 First Quarter 2010

March 18, 2010 Second Quarter 2010

June 17, 2010 Third Quarter 2010

September 17, 2010 Fourth Quarter 2010

December 17, 2010 First Quarter 2011

 

 

Determination of what quarter a sailing is in will be based solely on the sailing date. The entire cruise will be considered to be part of the quarter that the sailing date originates in.

 

These new fuel supplement policies apply to guests booked through all NCL offices around the world.

 

The company is implementing these changes in response to the recent decrease in global fuel prices. NCL will continue to closely monitor global fuel prices to assess whether a reinstatement of the fuel supplement will be necessary.

[njhorseman]

This should help answer any question on the fuel surcharge. NCL To Eliminate Fuel Supplement

 

 

 

Miami - Oct 30, 2008 ---

 

Norwegian Cruise Line (NCL) announced today that the company's current fuel supplement will no longer apply to bookings made on or after November 10, 2008 for sailings that depart on or after January 1, 2010.

 

For guests booked prior to November 10, 2008 for sailings that depart on or after January 1, 2010, the company has established the following guidelines for the refund of fuel supplements paid:

 

The criteria for refund will be determined on a quarterly basis. Should the closing price on the NYMEX (New York Mercantile Exchange) of West Texas Intermediate fuel be 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.

 

For guests booked on sailings that depart in 2009 (on or after January 1, 2009 and that depart on or before December 31, 2009), regardless of booking date, the company has established the following guidelines for the refund of fuel supplements paid:

 

The criteria for refund will be determined on a quarterly basis. Should the closing price on the NYMEX (New York Mercantile Exchange) of West Texas Intermediate fuel be 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 dates on which the price of West Texas Intermediate fuel will be measured and the quarters during which refunds could apply are:

 

Fuel Price Determination Date Quarter of Possible Fuel Supplement Refunds

December 18, 2008 First Quarter 2009

March 18, 2009 Second Quarter 2009

June 17, 2009 Third Quarter 2009

September 17, 2009 Fourth Quarter 2009

December 18, 2009 First Quarter 2010

March 18, 2010 Second Quarter 2010

June 17, 2010 Third Quarter 2010

September 17, 2010 Fourth Quarter 2010

December 17, 2010 First Quarter 2011

 

 

Determination of what quarter a sailing is in will be based solely on the sailing date. The entire cruise will be considered to be part of the quarter that the sailing date originates in.

 

These new fuel supplement policies apply to guests booked through all NCL offices around the world.

 

The company is implementing these changes in response to the recent decrease in global fuel prices. NCL will continue to closely monitor global fuel prices to assess whether a reinstatement of the fuel supplement will be necessary.

 

 

That isn't the most up to date information from NCL. This is their most recent press release:

 

 

 

Press Releases

NCL Suspends Fuel Supplement

 

 

 

 

Miami - Dec 4, 2008 --- In response to the current continued decline of fuel prices, Norwegian Cruise Line (NCL) announced today that it is suspending the company's fuel supplement effective immediately for all voyages departing in 2009.

NCL will 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.

"Global fuel prices have dropped to a level where we can now suspend the fuel supplement, making an NCL Freestyle Cruising vacation an even greater value," said Andy Stuart, NCL's executive vice president, global sales and passenger services.

NCL 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 reserves the right to re-instate the fuel supplement for all guests should the price of light sweet crude oil according to the NYMEX (New York Mercantile Exchange Index) increase above $65 per barrel.

Norwegian Cruise Line (NCL) is the innovator in cruise travel with a 42-year history of breaking the boundaries of traditional cruising, most notably with the introduction of Freestyle Cruising which has revolutionized the industry by allowing guests more freedom and flexibility.

Today, NCL has the youngest fleet in the industry with 11 purpose-built Freestyle Cruising ships, providing guests the opportunity to enjoy a relaxed cruise vacation on the newest, most contemporary ships at sea.

NCL is presently building a new third generation Freestyle Cruising project known as F3, for delivery in 2010.

High resolution, downloadable images are available at www.ncl.com/pressroom. For further information on NCL, visit www.ncl.com or contact NCL in the U.S. and Canada at (866) 234-0292.

[tdcjerry]

I could have used the Dec. post, but it does not give enough details or dates, when or how the fuel charges will be used.

[njhorseman]

I could have used the Dec. post, but it does not give enough details or dates, when or how the fuel charges will be used.

I could have used the Dec. post, but it does not give enough details or dates, when or how the fuel charges will be used.most help.

 

 

As I said on the other thread, perhaps they will want to change the method of determining the surcharge when they are considering reinstating it. You're assuming it will remain as in the earlier announcement.

[swedish weave]

NCL 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 reserves the right to re-instate the fuel supplement for all guests should the price of light sweet crude oil according to the NYMEX (New York Mercantile Exchange Index) increase above $65 per barrel.

 

I copied the above from a previous post. It seems pretty plain to me that NCL can re-instate the fuel supplement for all guests. Whether they will do it is another question.