RCL » Topics » Note 6. Commitments and Contingencies

This excerpt taken from the RCL 10-Q filed Apr 23, 2009.

Note 6. Commitments and Contingencies

Capital Expenditures As of March 31, 2009, the expected dates our ships on order will enter service and their planned berths are as follows:

 

Ship

  

Expected to

Enter Service

   Approximate
Berths

Royal Caribbean International:

     

Oasis-class:

     

Oasis of the Seas

   4th Quarter 2009    5,400

Allure of the Seas

   4th Quarter 2010    5,400

Celebrity Cruises:

     

Solstice-class:

     

Celebrity Equinox

   3rd Quarter 2009    2,850

Celebrity Eclipse

   2nd Quarter 2010    2,850

Unnamed

   3rd Quarter 2011    2,850

Unnamed

   4th Quarter 2012    2,850
       
   Total Berths    22,200
       

The anticipated aggregate cost of these ships is approximately $6.5 billion, of which we have deposited $669.2 million as of March 31, 2009. Approximately 9.0% of the aggregate cost was exposed to fluctuations in the euro exchange rate at March 31, 2009. As of March 31, 2009, we anticipated overall capital expenditures, including the six ships on order, will be approximately $2.1 billion for 2009, $2.2 billion for 2010, $1.0 billion for 2011, and $1.0 billion for 2012.

 

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