|
8 Aug 2003
|
Registered Users
New on the HUBB
|
|
Join Date: Aug 2003
Location: uk
Posts: 16
|
|
Carnet and / or Bank Guarantee???
Help me, I'm confused,
I hear much speak of expensive Carnets from the RAC etc, but also speak of 'Bank Guarantees' for figures of around £75. Sounds like a cheap alternative.
Could somebody clarify this for me:
- is the Bank Guarantee an alternative to a Carnet, or is it supplimentary to a Carnet?
__________________
Eat, drink, and be merry, for tomorrow the sky will fall on our heads...
|
11 Aug 2003
|
|
Administrator
Veteran HUBBer
|
|
Join Date: Jul 1999
Location: Canada
Posts: 1,008
|
|
Hello ergdawg!
The bank guarantee is supplementary to the carnet, not instead of it. Carnets are issued by your local auto association (RAC in UK) to guarantee to foreign governments that you will not sell your bike in their country. Many countries require you to have a carnet in order to bring a vehicle into the country. For a detailed explanation, follow this link to the website page on carnets. The auto association can tell you which countries require the carnet, based on your travel plans. In general, North America and Europe do not, South America does not, parts of Africa and Asia do. Even where it is not required, it does smooth the temporary import process (and reduces the number of fees and bribes otherwise needed to bring a vehicle into some countries), so if you are planning an extended trip to a lot of countries throughout the world, it's worth getting it.
In order for the auto association to take the risk of having to pay out on the carnet (e.g. if you sell your bike in Egypt and don't pay the duties and taxes), they require either that you deposit the funds with them, or that you provide them with a bank guarantee (the bank guarantees to the auto association that they will pay them the funds on demand). Some countries have another alternative, which is an insurance policy. You should check with Sue Collins at the RAC - 01454 208000 ext 33837 to find out whether that is an option.
If you have a long term relationship with a UK bank, and presumably a good credit rating and funds on deposit, Natwest at least will give you a bank guarantee for a small fee. See this HUBB post for more details.
Remember that a carnet is not particularly expensive UNLESS you decide not to bring the bike back to your origin country. If you try to sell it along the way without paying all duties and getting all appropriate paperwork, the auto association will come after your bank for the duties, and your bank will undoubtedly come after you to repay the guarantee. That will be VERY expensive, in the worst case scenario several times the value of the bike.
Hope this helps clarify the situation. Good luck with your trip planning.
------------------
Susan Johnson
"It matters not what goal you seek
Its secret here reposes:
You've got to dig from week to week
To get Results or Roses."
Edgar Guest
'One world, two wheels'
www.HorizonsUnlimited.com
[This message has been edited by Susan (edited 11 August 2003).]
|
11 Aug 2003
|
Registered Users
New on the HUBB
|
|
Join Date: Aug 2003
Location: uk
Posts: 16
|
|
Thanks, I'm a lot clearer on the role of a Carnet now.
I was, however, unfortunately, intending to make my way to South Sahara and possibly sell my Vehicle to be able to continue my Journey. Simply put: is this possible to do WITHOUT a carnet, using only pass's and temporary import papers obtained at borders.
I am aware that certain Countries do not require a carnet, and that I ought to be able to dispose of my Vehicle within a certain degree of the law; can anybody confirm.
__________________
Eat, drink, and be merry, for tomorrow the sky will fall on our heads...
|
Currently Active Users Viewing This Thread: 1 (0 Registered Users and/or Members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
Next HU Events
ALL Dates subject to change.
2024:
- California: April 18-21
- Virginia: April 25-28
- Germany Summer: May 9-12
- Québec: May 17-19
- Bulgaria Mini: July 5-7
- CanWest: July 11-14
- Switzerland: August 15-18
- Ecuador: August 23-25
- Romania: August 30-Sept 1
- Austria: September 12-15
- France: September 20-22
- Germany Autumn: Oct 31-Nov 3
2025:
- Queensland is back! May 2-4 2025!
- CanWest: July 10-13 2025
- France: September 19-21 2025
Add yourself to the Updates List for each event!
Questions about an event? Ask here
HUBBUK: info
See all event details
Check the RAW segments; Grant, your HU host is on every month!
Episodes below to listen to while you, err, pretend to do something or other...
2020 Edition of Chris Scott's Adventure Motorcycling Handbook.
"Ultimate global guide for red-blooded bikers planning overseas exploration. Covers choice & preparation of best bike, shipping overseas, baggage design, riding techniques, travel health, visas, documentation, safety and useful addresses." Recommended. (Grant)
Ripcord Rescue Travel Insurance™ combines into a single integrated program the best evacuation and rescue with the premier travel insurance coverages designed for adventurers.
Led by special operations veterans, Stanford Medicine affiliated physicians, paramedics and other travel experts, Ripcord is perfect for adventure seekers, climbers, skiers, sports enthusiasts, hunters, international travelers, humanitarian efforts, expeditions and more.
Ripcord travel protection is now available for ALL nationalities, and travel is covered on motorcycles of all sizes!
What others say about HU...
"This site is the BIBLE for international bike travelers." Greg, Australia
"Thank you! The web site, The travels, The insight, The inspiration, Everything, just thanks." Colin, UK
"My friend and I are planning a trip from Singapore to England... We found (the HU) site invaluable as an aid to planning and have based a lot of our purchases (bikes, riding gear, etc.) on what we have learned from this site." Phil, Australia
"I for one always had an adventurous spirit, but you and Susan lit the fire for my trip and I'll be forever grateful for what you two do to inspire others to just do it." Brent, USA
"Your website is a mecca of valuable information and the (video) series is informative, entertaining, and inspiring!" Jennifer, Canada
"Your worldwide organisation and events are the Go To places to for all serious touring and aspiring touring bikers." Trevor, South Africa
"This is the answer to all my questions." Haydn, Australia
"Keep going the excellent work you are doing for Horizons Unlimited - I love it!" Thomas, Germany
Lots more comments here!
Diaries of a compulsive traveller
by Graham Field
Book, eBook, Audiobook
"A compelling, honest, inspiring and entertaining writing style with a built-in feel-good factor" Get them NOW from the authors' website and Amazon.com, Amazon.ca, Amazon.co.uk.
Back Road Map Books and Backroad GPS Maps for all of Canada - a must have!
New to Horizons Unlimited?
New to motorcycle travelling? New to the HU site? Confused? Too many options? It's really very simple - just 4 easy steps!
Horizons Unlimited was founded in 1997 by Grant and Susan Johnson following their journey around the world on a BMW R80G/S.
Read more about Grant & Susan's story
Membership - help keep us going!
Horizons Unlimited is not a big multi-national company, just two people who love motorcycle travel and have grown what started as a hobby in 1997 into a full time job (usually 8-10 hours per day and 7 days a week) and a labour of love. To keep it going and a roof over our heads, we run events all over the world with the help of volunteers; we sell inspirational and informative DVDs; we have a few selected advertisers; and we make a small amount from memberships.
You don't have to be a Member to come to an HU meeting, access the website, or ask questions on the HUBB. What you get for your membership contribution is our sincere gratitude, good karma and knowing that you're helping to keep the motorcycle travel dream alive. Contributing Members and Gold Members do get additional features on the HUBB. Here's a list of all the Member benefits on the HUBB.
|
|
|