A process whereby a ship is positioned in a large basin where all of the fresh/sea water is pumped out in order to carry out cleaning and repairs of those parts of a ship which are below the water line. Earnings Release. Is it Worth Buying Norwegian Cruise Line Shares for the Shareholder Benefit? You can use the credit on the ship for buying drinks, food, shore excursions or items bought at the souvenir stores. We and our partners use cookies to Store and/or access information on a device. Save my name, email, and website in this browser for the next time I comment. Double occupancy capacity per cabin (single occupancy per studio cabin) even though many cabins can accommodate three or more passengers. You shouldnt invest in a cruise line just to get onboard credit you could lose a lot of money if something bad happened to the market. Heres how to get your free OBC. ncl shareholder benefit request form 2022, princess shareholder benefit request form 2022, ncl shareholder benefit request form 2021. All shareholder benefit requests must be received at least fifteen days prior to sailing date. It's also important to note that onboard credits are rarely transferrable; they cannot be "saved up" and used on another future cruise. The Companys brands achieved several booking records in recent months including at Norwegian Cruise Line which reached an all-time record booking month in November, boosted by Black Friday and Cyber Monday, which was subsequently exceeded in January 2023. INVESTOR INSIGHTS. I sold the stock and figured I learned my lesson. Changes in operating assets and liabilities: Net cash provided by (used in) operating activities, Proceeds from maturities of short-term investments, Net share settlement of restricted share units, Net cash provided by financing activities, Net decrease in cash and cash equivalents, Cash and cash equivalents at beginning of the period, Cash and cash equivalents at end of the period. If any of these situations apply to you, you also wont be able to get free OBC as a Norwegian shareholder: Unlike some cruise lines that allow you to use OBCbeforeyour cruise to pay for packages and services on board, NCL and its subsidiaries only allow you to use onboard credit once youre physically on the ship. A percentage in excess of 100% indicates that three or more passengers occupied some cabins. Many updates and improvements! In short, no. Back to the shareholder topic, my husband is a shareholder and submitted the form on Friday for our March 5th 2022 sailing. Norwegian Cruise Line Holdings employees likely already know that theyre not eligible for onboard credit for owning NCL stock. To buy shares in any company, youll typically need to use a stockbroker. These items are uncertain and will depend on several factors, including industry conditions, and could be material to the Companys results computed in accordance with GAAP. $50 Onboard Credit per Stateroom on Sailings of 6 days or less. signNow combines ease of use, affordability and security in one online tool, all without forcing extra software on you. Carnival Corporation Shareholder Benefit Offer: $250 Onboard Credit per Stateroom on Sailings of 14 days or longer. This includes NCL, Regent Seven Seas Cruises, and Oceania Cruises. Boards Jan 6, ends Jan 21. Fuel price per metric ton, net of hedges, increased to $755 from $737 in 2021. In February 2023, the Company issued $600 million of aggregate principal amount of 8.375% senior secured notes due 2028 in a refinancing transaction. James LePage. Six steps to apply for onboard credit as an NCL stockholder: Own at least 100 shares of Norwegian Cruise Line stock (NCLH) Access the Shareholder Benefit Request Form * Print, copy or scan your proof of shares (proxy card or brokerage statement) Black out your brokerage account number So with the NCL stock ownership benefit you can at least mitigate that, and enjoy more of your cruise without paying out your own funds. Please see a historical reconciliation of these measures to the most comparable GAAP measure presented in our consolidated financial statements below. As our business includes the sourcing of passengers and deployment of vessels outside of the U.S., a portion of our revenue and expenses are denominated in foreign currencies, particularly British pound, Canadian dollar, Euro and Australian dollar which are subject to fluctuations in currency exchange rates versus our reporting currency, the U.S. dollar. The new division will focus on serving the Companys corporate, incentive and affinity-focused clients across all three of its brands. Adjusted Gross Margin. The following reflects the foreign currency exchange rates the Company used in its first quarter 2023 guidance. Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Provision for bad debts and inventory obsolescence. I do have a question about the 2 months rule, Ive downloaded all the related documents from NCL and see no mention of this they only state that you must own the stock at the time of sailing am I overlooking something or has the rule perhaps changed? If you cruise frequently it's possible that this perk will pay for itself in the amount that you spend on shares, but as with all investments, it's important to be cautious when investing. Type text, add images, blackout confidential details, add comments, highlights and more. (2) Non-cash deferred compensation expenses related to the crew pension plan and other crew expenses are included in payroll and related expense. You can use your Carnival onboard credit to pay for gratuities (tips), so long as you haven't prepaid them before you board the ship. ShareClub Inc. does not recommend or endorse the purchase of any securities or provide financial or investment advice. W9 Tax document form. Annoying, I know, especially if you take a lot of cruises! Our three award-winning brands continue to resonate with loyal past guests and new guests alike, as evidenced by our strong guest satisfaction scores and the numerous booking records we have achieved in recent months, and we are excited to deliver memorable vacation experiences to the nearly three million guests we expect to welcome aboard in 2023. However, NCL has a few rules about what youcantuse it for. Now thats a nice rate of return! Generally accepted accounting principles in the U.S. It's been offered for many years, and several of NCL's competitors also offer a similar benefit. Find out as I spill the tea on Norwegian Cruise Line's (NCL) shareholder benefit program. Any unused credit shall be forfeited and is not redeemable for cash. Adjusted Gross Margin per Capacity Day. Read on to find out how many shares you need to own, how much credit youll get for each sailing, and how to let your cruise line know youre eligible. The Company continues to prioritize enhancing liquidity and financial flexibility in the current environment while seeking opportunities to optimize its balance sheet and reduce leverage. Net Per Diem is expected to increase in the range of 8.75 to 10.25% as-reported and 9.00 to 10.50% in Constant Currency versus 2019. Vista had been scheduled to debut on May 20, 2023, but unprecedented demand for the ship's inaugural season has now driven the maiden voyage forward by a week. Our SailSAFETM health and safety program further enhances our rigorous health and safety protocols to include multiple layers of protection against COVID-19. A calculation whereby foreign currency-denominated revenues and expenses in a period are converted at the U.S. dollar exchange rate of a comparable period in order to eliminate the effects of foreign exchange fluctuations. Adjusted EBITDAis expected to be in the range of $1.8 to $1.95 billion. Norwegian Cruise Line Shareholder Benefit / Discount - Facts and FAQs. Debuting in 2025, Allura is the eighth vessel for the line and will be the sister ship to Vista, which sets sail in May 2023. 2022 was an eventful year, as we successfully completed our nearly yearlong Great Cruise Comeback, welcomed our newest ship Norwegian Prima to our world class fleet and achieved several key milestones on our post-pandemic financial recovery, said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings Ltd. We are now squarely focused on the future and are taking deliberate and strategic actions to best position the Company for its next chapter, which includes an industry-leading growth profile representing approximately 50% Capacity growth over 2019.. Unfortunately, free onboard credit for NCL shareholders is limited to one credit benefit per person per sailing. As for when you should send in your forms and proof of shares, I personally have never sent them in more than a few months before sailing, but there's nothing in NCL's fine print that says how early you're allowed to send it. And the good news is, your shareholder benefit applies to those cruises as well so you get the Norwegian Cruise Line stock benefits whether youre sailing with NCL or one of the sister brands. Shareholders who qualify will be able to receive a: In order to receive the credit, a shareholder must download an application at www.nclhltdinvestor.com. (4) Losses on extinguishments and modifications of debt are primarily included in interest expense, net. NORWEGIAN CRUISE LINE HOLDINGS LTD. IS THRILLED TO OFFER OUR SHAREHOLDERS THE FOLLOWING BENEFITS: $250 Onboard Credit per Stateroom on Sailings of 15 Days or More.$100 Onboard Credit per Stateroom on Sailings of 7 to 14 Days.$50 Onboard Credit per Stateroom on Sailings of 6 Days or Less. Interest expense in the prior year included losses on extinguishment of debt and debt modification costs of $771.6 million related to the repurchase of certain exchangeable notes. Net cash provided by operating activities less capital expenditures. *NCLH likes to periodically change the location of the Shareholder Benefit Request Form on its Investor Relations website. This means you cant buy 200 shares, put 100 in your name and 100 in your partners name, and then share a stateroom and get double the onboard credit. We are focused on identifying new and incremental opportunities to reinforce our solid foundation and become an even stronger and more nimble organization, while continuing to provide unparalleled vacation experiences for our valued guests.. The sum of total cruise operating expense and marketing, general and administrative expense. What Percent of the Population Makes Over $300K? You are trying to combine these benefits with another offer. Carnival Corporation: Cruises of 14 days or longer: $250 onboard credit Cruises of 7-13 days: $100 onboard credit Cruises of 6 days or less: $50 onboard credit Royal Caribbean Group: Norwegian Cruise Line ; Shareholder Benefit Please Read: COVID-related Discussion. Should Be Cruising is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. In February 2023, the Company amended its $1 billion undrawn commitment. Ive worked in the cruise industry since 2015 and now my blog helps over a million people to plan their cruises each month. The following reflects the Companys expectations regarding fuel consumption and pricing, along with accompanying sensitivities. Gave me the run-around for a while and then sent me a bogus email saying they tried to open the pdf proof that I sent but they couldn't. The Program Administrator can be contacted 24 hours a day online at www.aontravelclaim.com or by calling 1-800-331-2796 or 1-516-342-7262. The proceeds from this offering were used to fully repay the term loans outstanding under its Operating Credit Facility that would have otherwise become due in January 2024. Long Term Disability. As of December 31, 2022, the Company had hedged approximately 50% of its total projected metric tons of fuel consumption for the full year 2023. Also can I send in my information for all of the cruises now, or should I wait until it's closer to each sailing date? W9 Form. You must use the credit during that cruise. You'll get up to $250 to spend on-board every cruise you take with NCL or a sister cruise line as long as you remain a shareholder. F: 305-436-4140, Jessica John Vice President of Investor Relations, ESG & Corporate Communications T: 305-468-2339, 7665 Corporate Center Drive Miami, FL 33126 InvestorRelations@nclcorp.com, American Stock Transfer & Trust Company, LLC 6201 - 15th Avenue Brooklyn, NY 11219 T: 718-921-8124. View Charts Historical Data Norwegian Cruise Line Holdings Ltd. offers free OBC to shareholders on all of their cruise lines. All you need is smooth internet connection and a device to work on. In total, the combination of these two actions provides the Company with approximately $900 million of liquidity. All statements other than statements of historical facts contained, or incorporated by reference, in this release, including, without limitation, those regarding our business strategy, financial position, results of operations, plans, prospects, actions taken or strategies being considered with respect to our liquidity position, valuation and appraisals of our assets and objectives of management for future operations (including those regarding expected fleet additions, our expectations regarding the impacts of the COVID-19 pandemic, Russias invasion of Ukraine and general macroeconomic conditions, our expectations regarding cruise voyage occupancy, the implementation of and effectiveness of our health and safety protocols, operational position, demand for voyages, plans or goals for our sustainability program and decarbonization efforts, our expectations for future cash flows and profitability, financing opportunities and extensions, and future cost mitigation and cash conservation efforts and efforts to reduce operating expenses and capital expenditures) are forward-looking statements. Between our three brands, we have a fleet of 28 ships that cruise to over 490 destinations globally. You'll need to go to the cruise line website and print out a shareholder benefit form and complete it with the information required - your name, booking number, ship and sail date. 01. Onboard credits can be used for purchases of drinks, food, souvenirs, excursions, or other types of onboard purchases. Purchase now or later. 15 minutes unless otherwise indicated (view (2) Non-cash share-based compensation expenses related to equity awards are included in marketing, general and administrative expense and payroll and related expense. Thanks for the questions! You'll learn what . Please submit Shareholder Benefit Offer request along with current proof of ownership by mail, email or fax to: Fax: Email: (305) 373-6699 shareholderbenefit@rccl.com Mailing Address: Royal Caribbean Group Investor Relations 1050 Caribbean Way Miami, FL 33132-2096 Successfully completed tests of biofuel blends on three additional ships, Norwegian Star, Norwegian Sun and Norwegian Epic. The Company has eight additional ships scheduled for delivery through 2028, comprising over 20,000 berths. If you can't find an answer to your question, please contact us. Some banks, like Capital One and Wells Fargo, also offer investment services from their own online portals. In the past i would hear something in a few days. Do NCL shareholders get cruise discounts? This is not an offer, solicitation of an offer or advice to buy or sell securities. The shares have to be held by the person who is applying. Cautionary Statement Concerning Forward-Looking Statements. (4) Expenses related to the redeployment of Norwegian Joy from Asia to the U.S. and the closing of the Shanghai office, which are included in other cruise operating expense and marketing, general and administrative expense. All shareholder benefit requests must be received at least fifteen days prior to sailing date. Investor Relations :: Norwegian Cruise Line Holdings Ltd. (NCLH) Fourth Quarter and Full Year 2022 Financial Results Conference Call February 28, 2023 - 10:00 am ET Webcast More Info Overview News & Events Company Info ESG Governance Financial Info Stock Data SEC Filings Shareholder Benefits Latest Presentation Feb 28, 2023 The foreign currency exchange rates the Company used in its first quarter 2023 guidance submitted the form on its Relations! Calling 1-800-331-2796 or 1-516-342-7262 net loss to net cash provided by operating less... Is not an offer or advice to buy or sell securities forcing extra software on you is shareholder. 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