NCL Stewardship Report 2018 - 32

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CAUTIONARY	STATEMENT	CONCERNING		
FORWARD-LOOKING	STATEMENTS
Certain	statements	in	this	report	constitute	forward-looking	statements	within	the	meaning	of	the	U.S.	federal	securities	laws	intended	to	qualify	
for	the	safe	harbor	from	liability	established	by	the	Private	Securities	Litigation	Reform	Act	of	1995.	All	statements	other	than	statements	of	
historical	facts	contained	in	this	report,	including,	without	limitation,	those	regarding	our	business	strategy,	objectives	of	management	for	future	
operations	and	future	sustainability	initiatives	and	goals,	are	forward-looking	statements.	Many,	but	not	all,	of	these	statements	can	be	found	
by	looking	for	words	like	"expect,"	"anticipate,"	"goal,"	"project,"	"plan,"	"believe,"	"seek,"	"will,"	"may,"	"forecast,"	"estimate,"	"intend,"	"future,"	
and	similar	words.	Forward-looking	statements	do	not	guarantee	future	performance	and	may	involve	risks,	uncertainties	and	other	factors	
which	could	cause	our	actual	results,	performance	or	achievements	to	differ	materially	from	the	future	results,	performance	or	achievements	
expressed	or	implied	in	those	forward-looking	statements.	Examples	of	these	risks,	uncertainties	and	other	factors	include,	but	are	not	limited	to	
the	impact	of:	adverse	events	impacting	the	security	of	travel,	such	as	terrorist	acts,	armed	conflict	and	threats	thereof,	acts	of	piracy,	and	other	
international	events;	adverse	incidents	involving	cruise	ships;	adverse	general	economic	and	related	factors,	such	as	fluctuating	or	increasing	
levels	of	unemployment,	underemployment	and	the	volatility	of	fuel	prices,	declines	in	the	securities	and	real	estate	markets,	and	perceptions	of	
these	conditions	that	decrease	the	level	of	disposable	income	of	consumers	or	consumer	confidence;	the	spread	of	epidemics	and	viral	outbreaks;	
breaches	in	data	security	or	other	disturbances	to	our	information	technology	and	other	networks;	the	risks	and	increased	costs	associated	with	
operating	internationally;	changes	in	fuel	prices	and/or	other	cruise	operating	costs;	fluctuations	in	foreign	currency	exchange	rates;	our	expansion	
into	and	investments	in	new	markets;		overcapacity	in	key	markets	or	globally;	the	unavailability	of	attractive	port	destinations;	our	inability	to	
obtain	adequate	insurance	coverage;	evolving	requirements	and	regulations	regarding	data	privacy	and	protection	and	any	actual	or	perceived	
compliance	failures	by	us;	our	indebtedness	and	restrictions	in	the	agreements	governing	our	indebtedness	that	limit	our	flexibility	in	operating	
our	business,	including	the	significant	portion	of	assets	that	are	collateral	under	these	agreements;	volatility	and	disruptions	in	the	global	credit	
and	financial	markets,	which	may	adversely	affect	our	ability	to	borrow	and	could	increase	our	counterparty	credit	risks,	including	those	under	
our	credit	facilities,	derivatives,	contingent	obligations,	insurance	contracts	and	new	ship	progress	payment	guarantees;	our	inability	to	recruit	
or	retain	qualified	personnel	or	the	loss	of	key	personnel;	delays	in	our	shipbuilding	program	and	ship	repairs,	maintenance	and	refurbishments;	
our	reliance	on	third	parties	to	provide	hotel	management	services	to	certain	ships	and	certain	other	services;	future	increases	in	the	price	of,	or	
major	changes	or	reduction	in,	commercial	airline	services;	amendments	to	our	collective	bargaining	agreements	for	crew	members	and	other	
employee	relation	issues;		pending	or	threatened	litigation,	investigations	and	enforcement	actions;	our	ability	to	keep	pace	with	developments	
in	technology;	seasonal	variations	in	passenger	fare	rates	and	occupancy	levels	at	different	times	of	the	year;	changes	involving	the	tax	and	
environmental	regulatory	regimes	in	which	we	operate;	and	other	factors	set	forth	under	"Risk	Factors"	in	our	most	recently	filed	Annual	
Report	on	Form	10-K	and	our	subsequent	filings	with	the	Securities	and	Exchange	Commission.	The	above	examples	are	not	exhaustive	and	
new	risks	emerge	from	time	to	time.	Such	forward-looking	statements	are	based	on	our	current	beliefs,	assumptions,	expectations,	estimates	
and	projections	regarding	our	present	and	future	business	strategies	and	the	environment	in	which	we	expect	to	operate	in	the	future.	These	
forward-looking	statements	speak	only	as	of	the	date	made.	We	expressly	disclaim	any	obligation	or	undertaking	to	release	publicly	any	updates	
or	revisions	to	any	forward-looking	statement	contained	herein	to	reflect	any	change	in	our	expectations	with	regard	thereto	or	any	change	of	
events,	conditions	or	circumstances	on	which	any	such	statement	was	based,	except	as	required	by	law.

*Straws	at	onboard	Starbucks®	are	excluded	from	the	campaign	due	to	contract	details	with	the	coffee	company.

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NCL Stewardship Report 2018

Table of Contents for the Digital Edition of NCL Stewardship Report 2018
