AQV has also applied for bankruptcy protection to obtain more time to issue refunds to customers.
AQV announced it had cancelled all future cruises and ceased trading on Tuesday (20 February).
Rupert Thomson, managing director of Light Blue Travel, which acted as a GSA for both trade and direct bookings with AQV, said customers would be offered the choice of switching onto a similar voyage with another supplier, or a full refund.
Consumers with a future travel credit or voucher issued by the failed cruise line will not be able to redeem them.
