For those unaware, Royal Caribbean’s Oasis will be officially “handed over” tomorrow.
The Hand Over Ceremony, as its called, is a traditional ceremony where the line takes delivery of the ship from the ship yard. At this point, and while a ship is being built, she is owned by the shipyard. Due to the staggering cost of cruise ships now-a-days, the line may or may not pay small ‘monthly’ fees to help with some payment.
The ceremony is technically STX representatives and RCI executives, along with all their lawyers. They sit at a table and sign the legal documents. RCI get the ship and STX Yards get the $1.4 Billion (USD). There is also a tradition where the STX house flag is lowered and the Royal Caribbean house flag is raised.
Stay tuned tomorrow!