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CARNET BONDS

 

Carnets, commonly known as “Merchandise Passports”, is a globally accepted customs document that simplifies customs procedures for the temporary importation of various types of goods.  They are commonly used by sales people and manufacturers to bring their wares into foreign countries to show as commercial samples to potential clients or to display at trade shows, exhibitions or fairs.  Entertainers, sports teams, the media, and service companies also frequently use carnets to travel with their professional equipment. They are valid for up to one year and are accepted in 80 countries and territories.  

 

A Carnet bond is a globally accepted customs document that can be presented as a security/guarantee for carnets that compensates import duty for good that is imported for a temporary period in the countries part of carnet system.

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.

  • Carnet bonds help to qualify for carnet that grants the duty-free and expense free import of goods in other foreign countries for up to one year.
  • Carnet bonds are required at the border for entry and exit of every nation went by. A record of the goods bought in and out is maintained by customs department, no other additional documentation is required for a period of one year.
  • Carnet bonds can be bought for various trips to be made before takeoff from Canada for various expeditions to a few nations at a pre-decided price.
  • Carnet bonds are issued in English and are accepted in Canada.
  • Payment in Canadian currency is accepted.
  • Carnet bonds Work as a security/guarantee support document.

 

Which goods are allowed to get carnet bonds?

 

  • Professional equipment like cameras, music systems etc. used for shooting a movie, ads.
  • Commercial Goods
  • Exhibition, trade show, presentation goods.

 

How to apply for Carnet Bonds?

  • Complete the application form
  • Provide with required financials
  • Documents supporting the need for carnet bond
  • Payment

 

Types of Carnet Bonds

 

1. Carnet Bond Multi

 

Bond Wording

 

2. Carnet Bond One

 

Bond Wording
 

Carnet Countries:  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*.

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