Certainly in 2010 the legal department of my bank were not happy with the RAC wording about the guarentee of money to be paid by the bank should the money need to be paid.
The bit concerned was the Customs and Excise valuation. In the very small print is says something like " Customs and Excise" can value the vehicle themselves to what the think the vehicle is worth. To the bank that seemed to say that a vehicle valued at £3,000 meant nothing as C+E could ask for more money from the bank than had been deposited.
It was sorted then and we got our carnet after we signed an indemnification for the bank.
I can see this being the end of our trips to Africa as no way can we afford the insurance route.
MIKE
|