clueless carnet

[smee]

just a short note...
applied for an app. form from the RAC for
the carnet to Iran. as my bike is worth around £6000 if you multiply this by the required 5 times well £30,000 is stuff I aint never seen in my life. who puts the price on your bike is it market value or the cost of
replacement?
or does it all end here!
I havn't got 30,000 to deposit
I havn't got 3000 for the insurance premium
I have got the equity in the house but
wife is going ape, no way.. and who is this jose anyway.
how does it work you can't all be millionairs, am I missing some vital point or clue.
yours clueless

[simmo]

Smee dont stress man!

You dont have to come up with all the dosh. You can in fact usually take out an insurance policy to cover the amount you would have to pay should you decide to sell your beloved machine.

You should be able to buy insurance to cover the deposit, this is usually calculated at 2% of the maximum liability for duty.

That would be 2 percent of 30,000 pounds...eek!

= 600 great english poonds

add to this the carnet cost, in OZ its 350 AUD plus whatever refundable deposit they insist you pay..in OZ 250 AUD and Bingo..you have a carnet.

What you want is for someone brutal..local freindly bike shop...to write you a letter telling you your pride and joy is actually worthless.

This is a good reason to use a cheap bike !

Should you have to sell your bike and the country seeks the duty from your Motorin' Associat'n the insurance co will chase you up to extract their money and costs. If you have a cheaper bike you will have to pay out less.

Theres a bear in there........light bulb light bulb light bulb.

It costs no more to get a carnet to cover the whole world and this could be handy should you become so enthralled with your trip that the missus decides to sell up and keep going much to your glee!

They do give you your deposit back too...keeps the baliffs at bay while you recover to a pre trip financial position.

cheers
alec

Oh definitely worth the effort to go to Iran as well.

http://users.netlink.com.au/~asimpson

[This message has been edited by simmo (edited 12 August 2004).]

[David and Cheryl Laing]

It all looks so easy to me. We had to value our bikes ourselves. Love of your bike and/or pride or ego has nothing to do with a carnet valuation amount. And as you travel your bike becomes more preious to you but worth less money. Wrote the value as what we thought we could get for the bike in a rushed sale situation. And did the value of the very bare bike, not all the add ons, like tyres. . . just kidding about the tyres. We did the insurance thing rather than lodge a deposit, especially as we have 2 bikes.
Looks even easier to fix your wife problem. Take her with you . . . . I take my long suffering husband on all my bike trips.
Let it happen, Cheryl.

[chris]

when i got my carnet from the aa in 1999, the single indemnity (the buck stops with you) insurance was 5% of the premium. for double indemnity (the buck stops at the aa or rac (in the uk)) it was 10%.

with respect, the people at the aa or rac are aware of bike prices/values. there's no way a 1 year old r1150gs could be valued at something sillyly (a new word?) low. please also note that these people read the internet too, so any 'interesting' schemes (eg letters from mechanics) shouldn't be discussed in an open forum.

when i left on my trip my 10 year old 25000 mile 3k gbp r100gs was valued at 750 gbp. this 10 year old bike could easily have had 125000 or 225000 miles, making the valuation credible.

just bought a 1987 transalp for 600 gbp. why not take cheap bike? why take a shiney, expensive one? plan to ride to vladivostok on it. conveniently russia doesn't require a carnet

cheers
ChrisB

[simmo]

Didn't mean to suggest there really was something in selling off a carnet.....The light bulb is a Lucas lord of darkness 6 volter! But having just recieved an email from the "silver haired racers' who have just completed the ride from Chita to Khabarovsk in Siberia sent me into a state of unbridled exhuberance.

"We are in Khabarovsk. We survived the road.
It took 6 days, 1500kms of dirt, gravel, rocks, rain, mud and about 500kms of bad bitumen, potholes, etc and about 200kms of good roads. "

Ah those Japanese bikes!

Oh and there was a minimum amount for bike value, so even though the G/S is even more used than ever it will cost the same for the carnet should i be mad enough to use the same bike again.

cheers

alec


[This message has been edited by simmo (edited 12 August 2004).]

[DougieB]

Simmo/anyone,

Do you (in the UK) have to go with the RAC recommended insurers, if taking the insurance premium way of paying for a carnet?

I was quoted 10% as being the insurance cost.

cheers,

[simmo]

Hi Dougie

I used the Aust Autom' Assoc /RACV insurers that came with the initial quote. I didnt even consider trying to find my own. Maybe its possible in the UK. I am a dead end on this one.

cheers

[DougieB]

no worries, cheers for the quick reply. think it's just a case of the UK costing a lot more than everywhere else again.

Pain is that the most expensive countries are Egypt, India, Pakistan and Nepal, are ones I want to visit. They are all 5 times the bikes value.

The RAC-UK did say that you get 50% of your insurance premium refunded when your Carnet is sent back to them. So I guess it's 5% overall.

[Margus]

Interesting information, Simmo.

I have a serious plan to go to Iran on forthcoming summer too. And i need to issue the Carnet via German ADAC.

But i didn't get it right since i'm not native english speaker - you mean i don't have to pay the huge amounts of guarantee money if i could do it somehow via insurance? Or the special insurance must be done anyway plus the guarantee money?

Margus

[harvey]

Originally posted by Margus:
But i didn't get it right since i'm not native english speaker - you mean i don't have to pay the huge amounts of guarantee money if i could do it somehow via insurance? Or the special insurance must be done anyway plus the guarantee money?

Margus,

You have 3 options to cover the carnet:

1. Pay a deposit for the whole amount which will be returned when you return the carnet.

2. Buy an insurance policy to cover the amount if you make a claim on the carnet. The cost is usually about 5% of the total amount and means that you do not need a big pile of cash to cover the deposit.

3. Secure a bank guarantee with your bank. This is what I did and it cost me only 100 Euros to arrange. If you claim on the carnet, the bank pays ADAC the money and then opens a loan on your bank account, then you have to find the money to pay the loan. This method is the much cheaper than the others, but can be expensive if you have to claim against the carnet.

Hope that helps,

Harvey

------------------
no pipe, no slippers
www.chasingthesun.org

[This message has been edited by harvey (edited 02 November 2004).]

[RACPG]

Further to this thread on the carnet, I can confirm there are 3 security options available to cover the issue of a carnet to GB registered vehicles by RAC :

1. Bank Guarantee on a UK bank
2. Insurance indemnity with RAC elected insurer (R L Davison & Co.). 10% of premium is refunded on return of carnet to RAC for cancellation. Due to the specialist nature of the liability, R L Davison are the only insurer who cover the risk.
3. Full cash deposit (maximum ammount accepted is £10,000)

For Pakistan, India, Egypt & Nepal I confirm we require a security of 500% of the vehicle value. Since this thread started in August, Iran has been reduced to 200%.


------------------
Paul Gowen
Travel Research
RAC UK

[RACPG]

Further to my reply above, the insurance refund should have read 50% & not 10% !!

Apologies !!



------------------
Paul Gowen
Travel Research
RAC UK

[Margus]

Thanks for the useful information Paul.

Does RAC UK issues Carnets for foreign registered viechles too? (i'm from Estonia, and there's no Carnet issuers here - they forward us to German ADAC)

Margus

[RACPG]

Hi Margus,

Sorry - RAC only issues to GB registered vehicles.

ADAC in Germany are now the issuing office for Central European countries where the national club does not issue carnets. No doubt you are familiar with the ADAC carnet pages below :

http://www.adac.de/ReiseService/Reise_Infos

Regards

------------------
Paul Gowen
Travel Research
RAC UK

[simmo]

Hi Paul

I was wondering if your organisation could issue carnets for UK registered bikes being riden by an Australian who is not a permanent resident of the UK?

This could save on transport costs from Australia, which as you would be well aware is along way from anywhere.

cheers
alec