In order to improve the Sailors' experience, Virgin Voyages created their cancellation policy. The following information is important: Booking - 120 Days: Deposit amount, which can be used as a Future Cruise Credit, if requested, 119 - 45 Days: Any funds paid will be converted to a Future Cruise Credit (valid for 1 year from sailing date) and 44 - 0 Days: No refunds, names on reservation can be replaced up to 48 hours prior to sailing.