Go Back   Horizons Unlimited - The HUBB > Planning, Trip > Trip Paperwork
Carnet Bank Gurantee - Barclays - My Experience Carnet Bank Gurantee - Barclays - My Experience
Register FAQ Calendar Today's Posts
Trip Paperwork Covers all documentation, carnets, customs and country requirements, how to deal with insurance etc.
Photo by Alessio Corradini, on the Salar de Uyuni, Bolivia, of two locals

I haven't been everywhere...
but it's on my list!


Photo by Alessio Corradini,
on the Salar de Uyuni, Bolivia,
of two locals



Reply
 
LinkBack Thread Tools Display Modes
  #1  
Old 1 Apr 2012
Registered Users
HUBB regular
  
Join Date: Mar 2011
Location: Leeds
Posts: 21
Carnet Bank Gurantee - Barclays - My Experience
Just thought I'd share my recent experience with applying for a bank Gurantee for the Carnet de Passages.

My vehicle is worth about £1500 and I'm planning to travel through countries with a 500% import tax bracket so a maximum liability of £7500.

Using RL Davison via the RAC for an insurance indemnity I'd the looking at 10% premium subject to 8% insurance tax with 50% refundable one the carnet is discharged. Total = £ 795 with £ 375 returnable.

I popped into my local Barclays branch (in Selby) and asked about the Gurantee. The manager had actually heard of it and produced a form within 5 minutes!!!!!!

Anyway, down to the costs. £50 set-up plus 1.5% per annum minimum £150.

BARGAIN!!!!
Reply With Quote
  #2  
Old 1 Apr 2012
Registered Users
Veteran HUBBer
  
Join Date: Nov 2007
Location: Perth West Australia
Posts: 151
Carnet cost
Hi

I've been quoted around £3000 for a £4500 bike. Are you saying you have achieved this for much less?
__________________
Steven
Perth to Peru 2014 | Perth to Perth 2012
Reply With Quote
  #3  
Old 1 Apr 2012
Registered Users
HUBB regular
  
Join Date: Mar 2011
Location: Leeds
Posts: 21
Yes; £150 for a £1500 bike subject to approval.
Reply With Quote
  #4  
Old 1 Apr 2012
stephen.stallebrass's Avatar
Registered Users
Veteran HUBBer
  
Join Date: Aug 2009
Location: Peterborough
Posts: 318
Quote:
Originally Posted by John Laverick View Post
...subject to approval.
Now there's the clincher: let us know when you have the carnet in hand.
__________________
www.AdventureVagabond.com Mongolia & Siberia 2012: Adventure Moto Madness
Reply With Quote
  #5  
Old 2 Apr 2012
Registered Users
Veteran HUBBer
  
Join Date: Nov 2007
Location: Perth West Australia
Posts: 151
Me too
Id like to see that ... I'm quoted 3000 for a £4500 bike
__________________
Steven
Perth to Peru 2014 | Perth to Perth 2012
Reply With Quote
  #6  
Old 19 Apr 2012
Registered Users
HUBB regular
  
Join Date: Mar 2011
Location: Leeds
Posts: 21
Just a quick update on my application.

Barclays Bank called yesterday requesting additional information on my financial position; assets, liabilities, incoming / outgoing funds etc.

Anyway they called again today to say my application has been approved!

They're sending out forms to complete and they will then forward the insurance indemnity to the RAC!

£50 admin plus 1.5% per annum [£150 minimum] = £200 total!
Reply With Quote
  #7  
Old 19 Apr 2012
Contributing Member
HUBB regular
  
Join Date: Mar 2008
Location: Bathgate, Scotland
Posts: 44
Useful to know, thanks for providing the update.
Reply With Quote
  #8  
Old 19 Apr 2012
Registered Users
Veteran HUBBer
  
Join Date: Mar 2007
Location: UK
Posts: 4,343
Quote:
Originally Posted by John Laverick View Post
Just a quick update on my application.

Barclays Bank called yesterday requesting additional information on my financial position; assets, liabilities, incoming / outgoing funds etc.

Anyway they called again today to say my application has been approved!

They're sending out forms to complete and they will then forward the insurance indemnity to the RAC!

£50 admin plus 1.5% per annum [£150 minimum] = £200 total!
How much markup by the RAC to issue the CdP?
i.e. Look forward to hearing about the final bill.
__________________
Dave
Reply With Quote
  #9  
Old 19 Apr 2012
MikeS's Avatar
Registered Users
Veteran HUBBer
  
Join Date: Nov 2005
Posts: 1,187
I did the bank guarantee with my own bank/mortgage lender (Virgin One) which is an offset mortgage account. While the fee was as low as the OP, what I didn't anticipate was the amount I could draw down from my mortgage (ie what I was travelling on) was reduced by the full carnet amount. So in the end I had less ££s to travel on and would have preferred to have done it the insurance way, buy hey ho, it was all done in a bit of a rush by phone to UK from Australia.
__________________
Mike


www.singapore-scotland.blogspot.com
www.argentina-alaska.blogspot.com
My little Vid: India/Pakistan

BMW R1150GS
Suzuki DR650 SE: Ride it like ya stole it. Oh, somebody just did...
Reply With Quote
  #10  
Old 20 Apr 2012
Registered Users
Veteran HUBBer
  
Join Date: Jun 2008
Posts: 280
Haggis are you talking about the same thing here ie a fee to arrange a bank guarantee? This is just a document processing/admin charge like you'd pay to arrange a mortgage.

The amount of the guarantee will also be largely irrelevant to this charge.

Our bank guarantee was for nearly 30K (we had a car and were going via Egypt so the cover had to be for 8x the value of the car). The fee for the guarantee was 50GBP per quarter.

From memory the RAC charge around 150GBP to issue the document (I think the price depends on no. of pages requested).
Reply With Quote
  #11  
Old 21 Apr 2012
Registered Users
Veteran HUBBer
  
Join Date: Nov 2007
Location: Perth West Australia
Posts: 151
confused a bit
Quote:
Originally Posted by itchyfeet38 View Post
Haggis are you talking about the same thing here ie a fee to arrange a bank guarantee? This is just a document processing/admin charge like you'd pay to arrange a mortgage.

The amount of the guarantee will also be largely irrelevant to this charge.

Our bank guarantee was for nearly 30K (we had a car and were going via Egypt so the cover had to be for 8x the value of the car). The fee for the guarantee was 50GBP per quarter.

From memory the RAC charge around 150GBP to issue the document (I think the price depends on no. of pages requested).
I was intending to arrange via RAC UK. Total cost for insurance + fees is around £3000. I could arrange bank guarantees etc but as I live in Australia and using UK bike, may be difficult at both ends.

The guarantee for India is 500% so £4500 value bike needs guarantee of £22,500. Indemnity method costs 10% of that with 5% returned when bike lands back safely. So far cost is £2250 + all the fees RAC charge, approx £2950.

Excuse me if Im being a bit thick here but is there a way I can reduce this?
__________________
Steven
Perth to Peru 2014 | Perth to Perth 2012
Reply With Quote
  #12  
Old 21 Apr 2012
Registered Users
Veteran HUBBer
  
Join Date: Jun 2008
Posts: 280
No you're not being thick it's just that doing it via the insurance option is much more expensive. You're paying someone else to cover the risk. You'll get 1K of your 3K back on your return so your real cost is around 2K as opposed to probably 500 in total fees (RAC and bank) if you can get a guarantee. If you have any savings/assets you could use as security you may want to talk to your bank in Australia about providing the guarantee. There's no reason the bank needs to be a UK one.
Reply With Quote
  #13  
Old 22 Apr 2012
Registered Users
HUBB regular
  
Join Date: Mar 2011
Location: Leeds
Posts: 21
Quote:
Originally Posted by haggis View Post
I was intending to arrange via RAC UK. Total cost for insurance + fees is around £3000. I could arrange bank guarantees etc but as I live in Australia and using UK bike, may be difficult at both ends.

The guarantee for India is 500% so £4500 value bike needs guarantee of £22,500. Indemnity method costs 10% of that with 5% returned when bike lands back safely. So far cost is £2250 + all the fees RAC charge, approx £2950.

Excuse me if Im being a bit thick here but is there a way I can reduce this?
Not to be facetious but how about buy a cheaper bike?

My bike was very cheap [£1500] for this specific reason.
Reply With Quote
  #14  
Old 22 Apr 2012
Gold Member
Veteran HUBBer
  
Join Date: Oct 2011
Location: Cambridge, UK
Posts: 672
Not just a cheap bike, but how are you getting the value of £4500? Is that the very bottom of the trade book price? You should value as if its come back from its trip with 20k+ of extra miles on the clock, and looking like a dog :-)
Reply With Quote
Reply

« Previous Thread | Next Thread »

Currently Active Users Viewing This Thread: 1 (0 Registered Users and/or Members and 1 guests)
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
PENANG to MEDAN on a motorbike with no CARNET POSSIBLE??? Frank V Trip Paperwork 5 22 Dec 2014 10:22
Importing vehicle on Carnet into South Africa Duty Free (Returning South African) langebaan sunset Trip Paperwork 6 14 Nov 2013 19:28
Bank charges - UK Banks Pumbaa Travellers' questions that don't fit anywhere else 15 20 Mar 2012 13:53
Carnet for countries where it is not required bokad Trip Paperwork 5 24 Dec 2011 15:24
Parking a bike in India - Carnet limitations? Drewsome Trip Paperwork 1 10 Dec 2011 15:31

 
 

Announcements

Thinking about traveling? Not sure about the whole thing? Watch the HU Achievable Dream Video Trailers and then get ALL the information you need to get inspired and learn how to travel anywhere in the world!

Have YOU ever wondered who has ridden around the world? We did too - and now here's the list of Circumnavigators!
Check it out now, and add your information if we didn't find you.

Next HU Eventscalendar

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 Confirmed Events:

  • Virginia: April 24-27 2025
  • Queensland is back! May 2-4 2025
  • Germany Summer: May 29-June 1 2025
  • CanWest: July 10-13 2025
  • Switzerland: Date TBC
  • Ecuador: Date TBC
  • Romania: Date TBC
  • Austria: Sept. 11-15
  • California: September 18-21
  • France: September 19-21 2025
  • Germany Autumn: Oct 30-Nov 2 2025

Add yourself to the Updates List for each event!

Questions about an event? Ask here

See all event details

 
World's most listened to Adventure Motorbike Show!
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...

Adventurous Bikers – We've got all your Hygiene & Protection needs SORTED! Powdered Hair & Body Wash, Moisturising Cream Insect Repellent, and Moisturising Cream Sunscreen SPF50. ESSENTIAL | CONVENIENT | FUNCTIONAL.

2020 Edition of Chris Scott's Adventure Motorcycling Handbook.

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.

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!



Five books by Graham Field!

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!

Your ad could be here, on EVERY page of the HUBB, or the whole website, or as many as you like!

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.

Susan and Grant Johnson 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.



All times are GMT +1. The time now is 21:56.

Contact Us - Horizons Unlimited Motorcycle Travellers Website - Archive - Privacy Statement - Top