Sample Group Payment Schedule
Group Payments are required according to the following schedule:
20% - Upon execution of the Agreement
30% - 210 Days Prior to Departure
Balance - 90 Days Prior to Departure
Note: Final payment must also include payment for additional amenities, events or services specific to the group sailing.
Sample Group Attrition Schedule
Groups are entitled to cancel Vista, Veranda and Midship Veranda Suites according to the following terms:
Between 600-211 Days Prior to Departure:
50% of suite allocation may cancel without a fee. A 20% assessment applies for any suites cancelled in excess of 50%.
Should the entire Suite allocation cancel, Silversea will retain the full initial deposit.
Between 210-91 Days Prior to Departure:
25% of the remaining suite allocation many cancel without a fee. A 50% fee assessment applies for any suites cancelled in excess of 25%.
Between 90-31 Days Prior to Departure:
5% of the remaining suite allocation (maximum of 3 suites) may cancel without a fee. There is a 75% fee for any cancellations above 5% of 3 total suites.
Between 30-0 Days Prior to Departure:
A 100% fee applies for any cancellations made within 30 days prior to departure.
Note: All Medallion, Silver, Royal, Grand and Owner's Suites shall be subject to a 100% cancellation fee. Cancellation fees will be based on the pro-rata contract price of the suite, based on double occupancy.
Up to five percent (5%) of the total suite allocation may be converted to single occupancy at a supplement ranging between 110% - 200% of the double occupancy rate, per person. Any and all additional single occupancy suites will be at 200%.
Triple / Quad Occupancy
There are a limited number of triple and quadruple accommodations available on the vessels. Accommodations are subject to availability. Net rates vary depending on the voyage length and itinerary.
Sample Full Charter Security and Payment Schedule
A full vessel charter cannot be cancelled once the charter Agreement has been signed. The charter rate (less the initial deposit) is to be secured via an Irrevocable Stand-by Letter of Credit. Once secured, payment for the charter is required according to the following schedule:
20% - Due with executed Agreement (along with the Letter of Credit representing balance of 80%)
80% - Due 90 days prior to scheduled departure.