Fuel cost update
19 Jan 2011
Due to the escalating price of oil fuel, FOCL has reviewed the impact on its operating costs.
To date, forward 'fuel supplements' have been added to new bookings on a flat daily rate basis. However, the need also to levy a 'fuel surcharge' on existing bookings has necessitated a re-think on this policy.
The EU Package Travel Directive requires any surcharge to be related pro-rata as a percentage of the fare paid -- thus it would be impractical to maintain two different sets of charges for past and new bookings.
Both 'supplements' and 'surcharges' will now conform with the EU Package Travel Directive legislation and ABTA's guidelines.
The 'fare paid', on which extra charges are calculated, is the net invoiced fare after reductions, such as Oceans discounts or future cruise discount voucher values.
Should Brent crude oil prices fall back to the benchmark level used to calculate prices for Fred.Olsen Cruises Worldwide 2011/2012 brochure, then a refund will be applied by way of an on-board credit.
