A.T.A CARNET BOND
A Carnet Bond is nothing more than a Merchandise Passport. They are documents used for international custom items to report items being transported into any given country. An ATA Carnet Bonds assists in keeping the overhead cost under control for businesses by keeping them from paying fees and other taxes on a good that are imported.
In the event a developer’s surety bond is required Ai Surety Bonding – Affinity Insurance offers Tarion bonds and Excess condominium insurance required in the province of Ontario.
The Benefit of an ATA Carnet Bond
These are some major benefits that come with having this kind of bond.
Understanding the Details
The security of the bond is usually held by the CIB until all liabilities have been taken care of. The owner of the bond needs to understand this is not an insurance policy for their items. All it does is covers the duties and taxes, should the holder of the Carnet Bond not be able to meet up to their obligations.
All the paperwork for the bond is typically done digitally once filed. Documents can be downloaded for printing fairly easily. It is a good idea to pay close attention to the wording of the bond so there are no delays in getting one accepted by Customs.
Why an ATA Carnet Bond
An ATA Carnet Bond is the perfect choice for business owners needing to store their merchandise or equipment in at customs bonded warehouse. The bond provides all the security that is needed to protect the business owner from having to pay duties and taxes before they are ready to pay such fees. The needed cash flow for the business can then be used to supplement other areas of the business that need greater attention in order to keep the business growing and profitable.
Other benefits include:
Which goods are allowed to receive an ATA Carnet Bond?
How to apply for an ATA Carnet Bond?
Types of Carnet Bonds
1. Carnet Bond Multi
2. Carnet Bond One
Countries Accepting carnets:
Albania, Algeria, Andorra, Australia, Austria*, Bahrain (Kingdom of) Belarus, Belgium*, Bulgaria*, Bosnia and Herzegovina, Canada, Chile, China, Croatia, Cyprus*, Czech Republic*, Denmark*, Estonia*, Finland*, France* Germany*, Gibraltar, Greece*, Hong Kong, Hungary*, Iceland, India, Iran, Ireland*, Israel, Italy*, Ivory Coast, Japan, Korea, Latvia*, Lebanon, Lithuania*, Luxembourg*, Macao, Macedonia, Madagascar, Malaysia, Malta*, Mauritius, Mexico, Moldova, Mongolia, Montenegro, Morocco, Netherlands*, New Zealand, Norway, Pakistan, Poland*, Portugal*, Romania*, Russia, Senegal, Serbia, Singapore, Slovak Republic*, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, Thailand, Tunisia, Turkey, Ukraine, United Arab Emirates, United Kingdom*.
Applying For Carnet Bonds? Have Questions?
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