2 Questions about current NCL deals

[momneedsrest]

• I have 2 cruises for next year on "HOLD" but now I can't find what the "HOLD" rules are. Can someone please advise?
• The current promo for said cruises indicates "risk free cancellation" but I cannot find any rules/guidelines/explanation for that either. Can someone please explain or point me to the answers?
• TIA

[Selion]

My interpretations are...

HOLD - Booking created but waiting for deposit.  Booking will be cancelled by NCL if you do not make the deposit by the deposit due date.

 

"Risk Free Cancellation" - Haven't heard this for a while.  Used to be popular right after the pandemic restart.  Under standard T&C NCL deposits are refundable as long as you cancel by the 120th day prior to departure.  Starting with the 119th day, the cancellation fee starts.