Carnival Corporation-owned Costa Cruises has made an offer of compensation to passengers onboard the Costa Concordia which capsized off Italy earlier this month.
The vessel hit rocks off the Isle of Giglio with the loss of at least 16 lives.
Costa is now offering those passengers onboard, who were not injured, €11,000 each in compensation.
This includes children.
The company also outlined plans to refund medical and transport expenses, as well as the cost of the cruise.
In return, passengers must drop all legal actions against the cruise line.
If accepted, payment will be made within a week.
A further 16 people are still missing following the incident on January 13th.
There were 3,200 passengers and 1,000 crew members on board at the time of the incident.