Carnet Cost - Surety example

[Bossies]

After unsuccesfully asking and searching on this site to determine the costs of the carnet I went to the "horse" and this is the implications of getting a Carnet from the RAC in UK with surety provided by LR Davison for a bike valued at £1500; for a period less than 12 months following the classic East Africa route.

The example is for including Egypt:

Indemnity Value
Bike value: 1500
Country %: 800%
Total to indemnified: £12,000.00

RL Davison Premium
Premium 10%: 1200
Premium Tax 5%: 60
Total Premium: £1,260.00

RAC Costs
Refundable deposit: 350
Cost of Carnet: 150
Int license: 5.5
Total RAC cost: £505.50
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Initial payment: £1,765.50

Refunds on discharge of carnet
50% of Premium: 630
RAC Deposit: 350
Total refund: £980.00
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Net Cost: £785.50

Excluding Egypt results in an initial payment of £820,50 and a net cost of £313.00

This comes with the standard caveats: This is a guide price which reflects the costs at this current time. Things don't stay the same. Ask the "Horse" for an independant quotation to reflect your person circumstances.