The 3,600-berth vessel is scheduled for delivery in Spring 2008.
According to the builder the contract value is the same as the second vessel in this class, ordered last September which it valued between EUR570-580m. On announcing a letter of intent in early March, Royal Caribbean said the ship would cost about $230,000 per berth, which indicates an all-in price of $828m.
The buyer credit guarantee offer made by Finnvera and the interest equalisation offer made by Finnvera's subsidiary, Finnish Export Credit, played a role in the deal. Finnvera and FEC made similar offers on the first two Freedom class ships, the first of which is due for delivery in May 2006.