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Trip Paperwork Covers all documentation, carnets, customs and country requirements, how to deal with insurance etc.
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  #1  
Old 20 Dec 2005
Matt Cartney's Avatar
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Carnet Insurance cost
I'm trying to work out roughly how much it will cost me to get a carnet and indemnity insurance for India, Pakistan etc, countries that require a 500% premium security for my bike worth about £2500.
Looking at my RAC form it would appear that the cost is:

£85.00 (Carnet de Passages en Douane)
£350.00 (RAC refundable deposit)
£1250 (10% of 5x2500 or the bikes value)

This means my premium will be £1685! Thats an enormous portion of my total trip funds! OK so I get £975 back (the RAC deposit and half of £1250) but only when the trips over! Add travel and bike insurance to this it takes the total cost of bloody PAPERWORK for my trip to over £2000! Somebody please tell me I've calculated this wrong as it looks like I'm going as far as Turkey this summer!
Matt
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  #2  
Old 26 Mar 2008
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Yes, sorry I can't help in terms of giving you a yey or ney as to the accuracy of the cost but it does seem about right.

This concerns me as I have come up with a very rough budget of around 8 - 10k GBP for what i am hoping will get me down africa, up africa and over to, potentially, Mongolia and back to the UK over the space of a year. Im now feeling like this may be completely unrealistic!

Perhaps i need to go to the drawing board and have another go.
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Old 26 Mar 2008
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Matt

I'm pretty sure you can use your property to secure a bank guarantee and thus not need to pay anything. I could be wrong but I'd double check with Paul at RAC who should be able to clarify for you.

That's great, so when are you doing the trip then??
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Old 26 Mar 2008
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has anyone here gone down the bank guarantee route , when getting their carnet ? . i thought you could only get a bank guarantee if you had the full amount of cash in your bank account .
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Old 26 Mar 2008
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Although the amounts we pay are different in Australia, I looked at getting the bank guarantee. My bank wanted me to have the full amount needed in a term deposit, then wanted to charge me a $500 establishment fee and 2,5% per year of the full amount. I ended up going with the insurance option which was about $600 cheaper. They weren't interested in using my property as collateral.

I had a valuation of $15000 on my bike.

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Old 26 Mar 2008
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Unfortunately, I dont have a property to secure anything on so it's going to have to come out of my budget. The insurance option sounds best at the moment.

I'm going to be going on a less valuable machine than you Kenny - approx GBP £2500 so am hoping it's not going to destroy my budget too heftily.

I plan to go October/November '09 as I should have some shares which will be ready to cash in around then plus I will have spent a year or so saving.
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