The admin cancellation fee can be used as a FCC on a booking within twelve months; thus, you don't lose any money.
"Carpe diem quam minimum credula postero"
Seven Seas Explorer - Miami - Venice - Mar 2017
Silverseas Explorer - Arctic - Aug 2017
Seven Seas Voyager - Rome to Beijing - Oct 2017
Seven Seas Mariner - Lima to Buenos Aires - Jan 2018
Silverseas Explorer - Siberia - Jul 2018
Seven Seas Mariner - Australia Circumnavigation - Dec 2018