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Penalties increase as the sailing date approaches, ranging from losing your deposit to forfeiting 25%, 50%, or 75% of the total cruise fare.
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Every cruise line has a unique cancellation policy, so check the terms for the specific cruise you booked.
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The number of days before your departure that you cancel directly impacts the penalty amount.
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Some promotions offer non-refundable deposits, which you will lose regardless of when you cancel.