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SEC Comment Letter for ROYAL CARIBBEAN CRUISES LTD (RCL) (CIK 0000884887) (RCL) — Oct 28, 2021

ROYAL CARIBBEAN CRUISES LTD (RCL) (CIK 0000884887)
Date: Oct. 28, 2021 · CIK: 0000884887 · Accession: 0000000000-21-013137

AI Filing Summary & Sentiment

File numbers found in text: 001-11884

Date
October 28, 2021
Author
Not clearly detected
Form
UPLOAD
Company
ROYAL CARIBBEAN CRUISES LTD (RCL) (CIK 0000884887)

Letter

United States securities and exchange commission logo October 28, 2021 Jason T. Liberty Chief Financial Officer Royal Caribbean Cruises Ltd. 1050 Caribbean Way Miami, Florida 33132 Re:Royal Caribbean Cruises Ltd. Form 10-K for the Fiscal Year Ended December 31, 2020 Response Dated October 14, 2021 File No. 001-11884 Dear Mr. Liberty: We have reviewed your October 14, 2021 response to our comment letter and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our September 17, 2021 letter. Form 10-K for Fiscal Year Ended December 31, 2020 General 1.Please provide us with additional detail supporting the statement made in response to comment 2 that the incurred and projected capital expenditures related specifically to climate-related projects have not been material to the periods reported therein or future periods, including quantitative information. As part of your response, include detail regarding climate-related projects other than those related to your advanced emissions purification systems for which you incurred or will incur material capital expenditures. 2.We note from your response to comment 4 that you did not experience any weather- related impacts on the cost or availability of insurance that were material for the periods presented. Provide us with additional detail to support this statement, including quantification.

FirstName LastNameJason T. Liberty Comapany NameRoyal Caribbean Cruises Ltd. October 28, 2021 Page 2 FirstName LastName Jason T. Liberty Royal Caribbean Cruises Ltd. October 28, 2021 Page 2 3.In response to prior comment 5, you state that you have not experienced, nor do you have any ongoing, climate change related litigation that has resulted or is expected to result in a material impact to you. Please provide us with additional support for this statement and tell us how you considered providing disclosure addressing the risks associated with the possibility of climate change related litigation and its potential impact. 4.Your response to prior comment 6 indicates the cost to comply with applicable environmental regulations has not had a material impact on your results of operation. Tell us about the compliance costs you have incurred and explain how you concluded the related amounts were not material. You may contact Diane Fritz (Staff Accountant) at (202) 551-3331 or Brad Skinner (Office Chief) at (202) 551-3489 if you have questions. Sincerely, Division of Corporation Finance Office of Energy & Transportation

Show Raw Text
United States securities and exchange commission logo
October 28, 2021
Jason T. Liberty
Chief Financial Officer
Royal Caribbean Cruises Ltd.
1050 Caribbean Way
Miami, Florida 33132
Re:Royal Caribbean Cruises Ltd.
Form 10-K for the Fiscal Year Ended December 31, 2020
Response Dated October 14, 2021
File No. 001-11884
Dear Mr. Liberty:
            We have reviewed your October 14, 2021 response to our comment letter and have the
following comments.  In some of our comments, we may ask you to provide us with information
so we may better understand your disclosure.
            Please respond to these comments within ten business days by providing the requested
information or advise us as soon as possible when you will respond.  If you do not believe our
comments apply to your facts and circumstances, please tell us why in your response.
            After reviewing your response to these comments, we may have additional
comments.  Unless we note otherwise, our references to prior comments are to comments in our
September 17, 2021 letter.
Form 10-K for Fiscal Year Ended December 31, 2020
General
1.Please provide us with additional detail supporting the statement made in response to
comment 2 that the incurred and projected capital expenditures related specifically to
climate-related projects have not been material to the periods reported therein or future
periods, including quantitative information.  As part of your response, include detail
regarding climate-related projects other than those related to your advanced emissions
purification systems for which you incurred or will incur material capital expenditures.
2.We note from your response to comment 4 that you did not experience any weather-
related impacts on the cost or availability of insurance that were material for the periods
presented.  Provide us with additional detail to support this statement, including
quantification.

 FirstName LastNameJason T. Liberty
 Comapany NameRoyal Caribbean Cruises Ltd.
 October 28, 2021 Page 2
 FirstName LastName
Jason T. Liberty
Royal Caribbean Cruises Ltd.
October 28, 2021
Page 2
3.In response to prior comment 5, you state that you have not experienced, nor do you have
any ongoing, climate change related litigation that has resulted or is expected to result in a
material impact to you.  Please provide us with additional support for this statement and
tell us how you considered providing disclosure addressing the risks associated with the
possibility of climate change related litigation and its potential impact.
4.Your response to prior comment 6 indicates the cost to comply with applicable
environmental regulations has not had a material impact on your results of operation.  Tell
us about the compliance costs you have incurred and explain how you concluded the
related amounts were not material.
            You may contact Diane Fritz (Staff Accountant) at (202) 551-3331 or Brad Skinner
(Office Chief) at (202) 551-3489 if you have questions.
Sincerely,
Division of Corporation Finance
Office of Energy & Transportation