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TICO officials, according to President and CEO Michael Pepper,
froze C$750,000 in Marine funds as security for the potential
claims from passengers who have not yet sailed.
Pepper said TICO was trying to determine who these passengers
are and assist them in filing claims.
Pepper said the line's parent company, Canadian Ventures Travel,
also owned a separate retail agency, Marine Expeditions Travel,
which handled air and cruise sales for the line.
He said the travel agency was registered, as required for all
travel sellers in Ontario, with TICO. Marine Expeditions, the
cruise line, was not required to be registered since it did not, in
Pepper's understanding, sell travel directly to consumers.
Registered travel companies in the province pay into the Travel
Compensation Fund for reimbursements to consumers left stranded by
companies closing down.
Marine Expeditions had not, at press time, filed any bankruptcy
plans with the provincial government.
Any U.S. passengers booked on future Marine Expeditions cruises
who paid money to the agency are being asked to call TICO at
The original Toronto-based Marine Expeditions was founded in
1992 by President Dugald Wells, and Sam Blyth, who now runs Blyth
and Co. Travel, also based in Toronto. Blyth split from Marine and
Wells last year when Marine was emerging from a reorganization.
Blyth was also involved in the failed World Cruise Co., a sister
company to Marine Expeditions, and Cuba Cruise Corp., which stalled
on launch last winter due to terrorist threats.