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How are the assessments determined? What do they cover?

What costs are covered in the assessments?

For a full breakdown of the package, inclusions see the page The Inclusive Life 
 
The annual assessment costs are determined in line with inflation so you are protected. Fluctuating costs like fuel prices will be managed by using FEC's to lock in rates for 12-24 months in advance. A part of the cost management strategy may also include onboard community voting on the running of the vessel and cost control strategies like number and type of port calls, crewing etc. If you are interested in making these decisions be sure to become part of the Founder's Circle.

Maintenance?
All cruise vessels undergo rigorous safety and maintenance schedules to make sure they are always at the top of their performance. Because of this, yearly schedules are set and cover not just breakages but set routine replacements and preventative repairs/maintenance.

Remodelling fund for the future?
The annual fees include costs to undergo such future things as vessel repainting and dry docking, when it comes to internal fit-outs only the common areas are considered and included for future 'updating', Unit updates will be by the cost of the unit owner. We have followed the familiar model of land-based unit ownership.

Major repairs?
Things do go wrong, that is a part of life and running cruise vessels, because of this we have an annual allowance into a 'floating-fund' for just these emergencies.