Press release - 5 November 2008 11:55

Fred. Olsen Revised Fuel Supplement Policy

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.

Topics

Regions

England

Fred. Olsen Cruise Line operates in the UK with four intimately sized ships for a more personal cruising experience.

Fred. Olsen Cruise Lines

Contacts

Ellis Orchard

Press contact Public Relations Manager Public Relations ellis.orchard@fredolsen.co.uk 07557672265

Georgina May

Press contact Public Relations Executive Public Relations georgina.may@fredolsen.co.uk

Lauren Gardner

Press contact Public Relations Manager Public Relations lauren.gardner@fredolsen.co.uk 07546807099

Fred. Olsen Cruise Lines

At Fred. Olsen Cruise Lines we are very proud of our smaller ships – Bolette, Borealis and Balmoral - and the imaginative and unusual itineraries they allow us to offer. Every cruise is hand-crafted from scratch by our team of in-house Journey Planners to make sure you are not only visiting the best destinations, but at the best time to experience them.

For us, it’s not just about where we go but how we take you there. We put as much time into planning scenic cruising as we do in choosing the destinations themselves. On board, our Signature Experiences showcase the history, culture, nature and flavours of the destinations you’ll visit – from Treats of the Region, where you can enjoy local delicacies, to our Sky at Sea star-gazing sessions where you can relax with a hot toddy out on deck while our astronomer talks you through the night sky.

Plus, with each ship carrying 1,300 guests or less, our ships are small enough for us to offer a warm, friendly and personal service where nothing is ever too much trouble, as we visit a host of exciting ports in every corner of the globe.

Fred. Olsen Cruise Lines