Paul Gowen does not work in the carnet department any more.
It is common for a customs guarantee not to be limited in amount.
The RACs standard guarantee wording already includes a counter indemnity (ie it says whatever the bank has to stump up to the RAC - and yes this can be more than the theoretical limit - you then need to stump up to the bank) which is why it shouldn't really give a bank a problem provided they have sufficient cover from you. This is the sort of guarantee they give day in day out in a commercial context.
A few years ago ADAC stopped issuing carnets for non-German registered vehicles (it was always cheaper than the RAC and others). Maybe that has now reverted back. It would certainly be useful if that were the case.
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