May 08, 2008

New pricing based on fuel cost increase.

Due to unforeseen, rapidly escalating fuel costs, it is imperative we adjust our all inclusive fares to reflect present fuel costs.
Royal Star anglers will realize fare increases as a "fuel surcharge" that will be added to each voyage as necessary using the following formula.
The fuel price upon which advertised fares are based is $2.75/gallon. The total increase in fares will be calculated using the fuel consumption per day estimate of 450 U.S. gallons multiplied by cost increase above $3.00/gallon divided by the total number of anglers listed for the voyage.

*Fare increases will likely fluctuate as fuel costs can vary significantly between fueling intervals.
*Fuel price upon which fare increases are calculated will be available upon inquiry.

While we realize that fare increases are unwelcome, there is no way to effectively foresee the massive price increases that have dominated the oil industry during the prior three months. It is our goal to maintain transparent business practices while providing the fairest pricing possible for Royal Star anglers. In these difficult times we simply request our angler's patience and understanding as cost increases are the result of economic factors beyond our control.

Sincerely,

Tim Ekstrom
Randy Toussaint
Owners/Captain's, M/V Royal Star