I see that RCI has had some misfortune with Oasis while it is in dry dock in the Bahamas

KENN, I get lazy in me dotage, especially when I don't have a dog in the hunt. Every single thing that can be enumerated IS when reading those things, including the boilerplate that "nothing we say may prevent us from going in the tank..." (you know the drill) The SEC has a few things to say about all that, and they don't spend all their time chasing celeb insiders either...although that's certainly more fun..Anyone who leapt to the conclusion that they're "self-insured" probably didn't do any due diligence, or read only what they wanted to read..or thought they read...It would be an interesting exercise to discover the difference between the agreements "other" ship co's have to ink for services, as opposed to their own. But I'll resist the urge..hehehe

The % of your fare that pays all that is probably a closely held secret, known only to a privileged few, and definitely discussed on the 19th green or exec washroom...

Ooops.

It is interesting to learn who pays what when these big ticket accidents take place. I know that most of the time the public never learns the true detail even though litigation and even trials are involved, since settlements are often negotiated at the very end of the proceedings where the results are kept secret.

Almost assuredly, underwriters here are going to be part of the action though. In this case it would be hard to believe the shipyard wasn't insured to the hilt. On another forum someone tried to claim that RCI and Carnival only "self insured". Not true, and easy to disprove, since both are public companies therefore the Security and Exchange Commission Form 10-K tells all and separates fact from fiction. In short, both companies buy a lot of coverage covering all their "Brands" and do relatively little "self insuring".

With respect to the shipyard here though, I wonder if they don't also protect themselves in somewhat the same manner the world's largest airports do? World shipyards may be private enterprises with shareholder overview or State owned and run, but they all have to be concerned with the staggering consequences of tort claims. With airports, most I have worked with have operating agreements with the carriers serving said airport. The operating agreement always deals directly with liability. Air carriers must indemnify and hold harmless the airport operator for negligent acts of the air carrier and the airport itself. This is accomplished by forcing the air carriers to purchase insurance for all negligent acts on the part of the airport in which the air carrier is a party.

In addition, airports usually have multiple layers of coverage of their own, like, hypothetically speaking, for the first 100 K of exposure the airport is self insured, for the next half a million one or more underwriter(s) kicks in, from half a million up to 500 million other underwriters are involved, next maybe is 1 to 2 billion, and on and on, you get the drift. Numbers might seem preposterous but consider the terrible accident in Tenerife back in 1977 when 570 persons died when a Pan Am 747 collided on the runway with a KLM 747, all due to negligence on the part of Spanish airport traffic control.

Can you imagine the total amount of liability if such an accident occurred today on US soil, undoubtedly way over 4 billion. Yes, insurance is available but it comes at a cost. Premiums are ultimately paid for by all users of the air space or guests on cruise ships.

100% my wife's response when I told her!

Oasis doesn't have the Ultimate Abyss. Thankfully, cuz that would have been another thing to repair probably!

Looks like the Aqua Theater area was hit hard Didn't' see if the Abyss saw any damage.

If it is as large as they say, the shipyard workers are probably just assigned elsewhere unless they are engaged in repairs to the damaged drydock. "the largest cruise ship dry-dock repair facility in the world, to support our ship repair and maintenance programs. We utilize this facility, as well as other ship repair facilities, for our dry-dockings. This repair facility, located in Freeport, Grand Bahamas, has three dry-docks and can accommodate almost all of our ships."

The shipyard folks live there...unless they had to grab a specialist or two from someplace else..the crew is probably having a grand ol time..on whatever $$ they have..no tips tho, and the $$ would have to be offset by the cruise lines to make up the difference. you remember a long convoluted thread we had a while back about just how those folks get paid? sure opened my eyes, even after all this time..Im surprised the lines didn't put up a "tent city" for them to live in...

I'm not sure about the shipyard workers, but apparently the crew is being housed on one of the Bahamas Paradise ships for now. Not sure how temporary/permanent that situation is but it did tickle me to realize that they had to use such a small competitor's ship in an emergency.

I should've expected no less from you KENN..I read enough of those things for my own, and generally avoid others. Delving into the minutae of the thing its clear they operate it as a profit center, and its reasonable to assume they're doing their own drydock and repair work (for a price) while charging others as well. The fact that they're doing it "themselves" (owning 80% between the two entities would clearly serve to motivate the yard itself to move quickly on repairs...it doesn't help the yard bosses job security to do the thing with a "manana" attitude. I'd bet real money there's constant oversight from TWO corporate offices. Efficiency and greed can make strange bedfellows eh?

Having said all that, the responsibility to mitigate the damages falls on the yard itself, which is clearly a separate entity, and its insurer, whomever that is...one could argue that the $$ value is less, given the circumstances, but I suspect this will all be settled once the final bill is tabulated, including a big chunk for business interruption. Some bean counter may want to inflate the losses, you know how that works eh? Dinner on the 19th green?

Wonder what they did with the crew? Think about that for the 3-4 weeks the thing is laid up.