FRED. OLSEN REVISED FUEL SUPPLEMENT POLICY
05 Nov 2008
For cruises commencing after 1st January, 2009, passengers will be refunded their fuel supplement if the price of Brent Crude Oil 1M (as quoted in the Financial Times) converted to Sterling is, on average, less than £40 per barrel in the previous calendar month before their departure.
In these circumstances, the refund will be provided in the form of a credit to their on-board account for their cruise. No cash alternative will be offered.
Fuel supplements will remain in place subject to the refund policy outlined above.
Fred. Olsen operates a fleet of five ships mostly on cruises from the UK; currently two are operating a winter season of fly/cruise programmes in the Caribbean.
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