has ceased operations. "It is our understanding that
mortgage holders...are seizing ships as collateral for a defaulted loan,"
says Ronald Murphy, deputy director of the Federal Maritime Commission¹s
Bureau of Consumer Complaints and Licensing. Cruise passengers currently
sailing on the five-fleet line have disembarked mid-voyage in ports such as
Halifax and Nassau and will fly back to the cruise¹s original port.
Travelers who have placed deposits on future Premier Cruises are eligible
for refunds because the line maintained a $15 million bond with the Federal
Maritime Commission, but Murphy suggests that those passengers who had
either taken out third-party insurance (that covers default), or paid by
credit card, first attempt to file for refunds through those channels. For
more information on filing a claim via the Federal Maritime Commission,
resolution of which could take anywhere from several months to a year, call