 Insurance for Charter?
"Mark (SF)" <mark@markkatzenberger.com> wrote in message
news:1179889060.745169.129360@w5g2000hsg. ...
> What is the arrangement when a firm charters a full ship and sells the
> cabins on that itinerary?
>
> Specifically, if a company like RSVP or Atlantis were to go bankrupt
> and cancels a cruise, would the paid booking and liability lie with
> the chartering firm or the cruiseline?
>
> ...and do standard travel insurance policies cover bankruptcy of the
> charterer?
>
> (I was on the Rembrandt when Premier Cruises went bankrupt in 2000 -
> so I'm a bit wary about such things)
>
> Mark in SF
Given the amount of money the big 3 are committing to new-builds vs. a
company like Premier that tried to get by with others' re-treads... I think
if you stick with cruise lines that the big 3 own, you're ok from a concern
about bankruptcy. They've got pretty "deep pockets". I believe that
Crystal is owned by a company with "deep pockets" as well.
--Tom
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