Carnet Cost - Surety example

[Bossies]

After unsuccesfully asking and searching on this site to determine the costs of the carnet I went to the "horse" and this is the implications of getting a Carnet from the RAC in UK with surety provided by LR Davison for a bike valued at £1500; for a period less than 12 months following the classic East Africa route.

The example is for including Egypt:

Indemnity Value
Bike value: 1500
Country %: 800%
Total to indemnified: £12,000.00

RL Davison Premium
Premium 10%: 1200
Premium Tax 5%: 60
Total Premium: £1,260.00

RAC Costs
Refundable deposit: 350
Cost of Carnet: 150
Int license: 5.5
Total RAC cost: £505.50
----------

Initial payment: £1,765.50

Refunds on discharge of carnet
50% of Premium: 630
RAC Deposit: 350
Total refund: £980.00
--------

Net Cost: £785.50

Excluding Egypt results in an initial payment of £820,50 and a net cost of £313.00

This comes with the standard caveats: This is a guide price which reflects the costs at this current time. Things don't stay the same. Ask the "Horse" for an independant quotation to reflect your person circumstances.

[Lone Rider]

The CAA quoted me an import tax for Egypt at 55% which is well under the 800 you're showing.

Apples and oranges...?

[Grant Johnson]

Originally Posted by Lone Rider

The CAA quoted me an import tax for Egypt at 55% which is well under the 800 you're showing.

Apples and oranges...?

YES! The CAA and the RAC have COMPLETELY different procedures and billings! DO NOT try to compare the two, they ain't the same! ADAC, Belgium, Portugal etc etc and all others have varying procedures and charge rates, there is no consistency, and they change constantly, which is why we haven't tried to post the rates. Every country is different.

However the TAX rate for Egypt at 55% and 800% IS strange. Double check that. As long as they issue the carnet, if you can get 55% go for it - the country you are entering have no way of knowing what rate you paid for.

[Bossies]

I qualified my initial posting as being for RAC UK. This means it for RAC UK in the United Kingdom.

http://www.rac.co.uk/web/knowhow/goi...AA956D80D6C6EA

"SECURITY RATE TABLE @ FEBRUARY 2006. Subject to change without notice. The amount required by RAC depends on the rates of customs duty and taxes in the countries visited - but is always a multiple of the value of the vehicle. E.g. £5,000 value x 150% = £7,500 (South Africa), Egypt 800% , Africa (excluding Egypt/ Kenya & Nigeria) 150%, Iran, India & Pakistan 500% Japan/New Zealand 100% Kenya/Nigeria/Libya/Middle East & Far East (e.g. Singapore/Malaysia) 200% Australia 100 or 150% (according to type of security arranged) + £5,000 supplement (cars only) South America 300%"

You could argue that it's not 800% but actually 80%; or that you are actually also paying 550%...you can play with figures for hours and still come up with different outcomes.

I certainly agree that it's impossible to have an item on the left specific for Carnet costs because as you said the various clubs use different rates and financing etc. I was just hoping to give others who are just about to delve into the dark world of the carnet a tool to get an insight of what they are letting themselves in for.....and that initially the 800% terrifiies the hell out of you but going through the full calculation it doesn't look that bad.

The calculation will stay the same it's just the %'s that will change.

I would obviously love to get a 55% carnet but as far as I currently understand I am stuck with the 800% because I am a UK resident and the bike is UK registered.

I emailed AA South africa twice now, in the same number of months with no response, to find out if it was at all possible for them to provide me with a carnet being that I am a SA citizen.

[Lone Rider]

Country - Carnet required - % of duty and taxes


Egypt Yes 55%

Libya Yes 100%

Tunisia No

Algeria No Written Undertaking

Mali Yes 0%

Niger Yes 25%

Cameroon Yes 53%

Ghana Yes Free

Nigeria No Form 45 issued free a the border

Congo Yes 100%

C. A. R. Yes 100%

Angola No

Namibia Yes 29%

South Africa Yes 29%

Botswana Yes 29%

Zambia No Permit issued at the border

Mozambique No

Malawi Yes 100%

Burundi No Written Undertaking

Tanzania Yes 100%

Uganda Yes 100%

Kenya Yes 78%

Djibouti No Deposit of Duty

Madagascar Yes 100%

Iran Yes 250 % +

India Yes 98%

Pakistan Yes 107.5%

Thailand No Deposit of duty required

Nepal Yes 98%

Cambodia No Frontiers closed to tourist vehicles

Laos No Frontiers closed to tourist vehicles

Vietnam No Frontiers closed to tourist vehicles

Indonesia Yes Must have a travel Visa, International Driving Permit and advance permission in writing from the head of Police in Kalpori

Australia Yes 26.4%

New Zealand Yes 12.5%