Carnet clarification needed
 

Okay, i need to know how do you guy's come up with the money to purchase your carnets. I'm reading that for places like India and Syria you need to put up 400%, and 470% for Iran?? You gotta be joking, right?? If your bikes worth $10,000, and your going to be pleasantly passing through Iran, you need to pay a bond of $47,000?? I need to save up for 2 years to do my ATW, but now i need to save for another 2 years to purchase a carnet? Someone please tell me what i'm missing here. I'm really bummed out now and got a head ache :thumbdown:

Hey Ron,

I'm getting my carnet in Australia, so can only speak for what happens here, but I think most carnet issuers offer an insurance policy. This means you don't have to physically pay the deposit in cash, but have an insurance policy for it. It would really be worth your while contacting whichever carnet issuer you will use to find out about the different methods of payment.

Also the value of your bike may not necessarily have to be the market value. I think different carnet issuers require different levels of proof of the value. For example, the NRMA in NSW, Aus require a written valuation. I've got this from a licenced valuer who has given me a wholesale value, which is considerably less than the market value if I wanted to go out and buy the same vehicle tomorrow. All up the total cost to me for the carnet for Africa (Egypt being the most expensive country) is about AU$1000, so definately manageable.

Hello Again. I'm curious, what did they value your bike at? Do you get the $1000 back in the end? CAA in Canada told me i need to post a bond of whatever country requires with certified cheque. They hold the money, without interest, and return it to me when i return. I'm okay with this if it is the value of the bike, but 400% of the value is completely out of reach. There is also some sort of other system where you post less, but get only half of it back. Call me stuborn, but i feel that i shouldn't need to pay anything if i don't break the rules and leave with the bike. If you pay only $1000, does this mean they only value your bike at around $250? Sorry, i'm still confused.

Ok...here's the numbers.

This is using the insurance indemnity method.

My vehicle is valued at AU$8000.

200% (for Egypt) of that is AU$16000.

The insurance premium is 2% of AU$16000 which comes to AU$320.

The carnet issue fee is AU$400 and the returnable bond is AU$250.

320+400+250= total cost of AU$970, AU$250 of which is refundable upon discharge of the carnet in 12 months.

Clarity...
 

Okay, i get it. Thank you Misterpaul, you have been much more informative than most. My headache just went away :scooter:

No worries Ron, glad to help :thumbup1:

getting carnet deposit back
 

hi we are also thinking of getting our carnet in Australia - we are uk citizens, thinking of buying bikes in Aus and making our way back to UK. Do we have to return the bikes to Aus to get our money back or can we prove we have imported into UK then get carnet money back? I'm a bit confused.
Also as we are not Aus citizens - will they issue a carnet to us in Aus even if the bikes are Aus bikes?

Thanks
Gemma

I don't think you'll have to prove you've imported the bikes anywhere or take them back to Aus. I plan to return the carnet to the issuer when I get to Europe (where I'll no longer need it) and when they see all the stamps in the right places the carnet is discharged. You will probably need an Aus bank account to get the money back though.

You can definately get an Aus carnet issued with Aus registered bikes and UK passports. From other posts here it seems like you can also get a UK carnet, so probably best to look into costs and convenience and choose which is better for your circumstances.