July 17, 2015 | Industry Insights

Reduce Costs, Simplify Customs Procedures for Trade Shows with the ATA Carnet

Share This:

ATA Carnet, commonly referred to as the Merchandise Passport, is an international customs document and temporary export-import document used to ease customs clearance in 100 countries and territories. The ATA Carnet system was established by the international ATA convention and is governed by the World Customs Organization and International Chamber of Commerce and its World Chambers Federation to encourage world trade and reduce trade barriers created by different national customs regulations.

An ATA Carnet eliminates duties and value-added tax (VAT) on merchandise that will be re-exported to the U.S. within 12 months. It also eliminates the need to post some form of financial guarantee, i.e., a Temporary Import Bond (TIB). Moreover, the ATA Carnet System simplifies customs procedures allowing a temporary exporter to use a single document for all customs transactions, make arrangements in advance, and at a predetermined cost.

ATA Carnets cover virtually all types of merchandise for commercial use, whether it’s ordinary goods used in the course of business or whether it’s something unique or exotic, such as a rare piece of art or live animals. There are three types of shipments that qualify for ATA Carnet benefits, including commercial samples; professional equipment (tools of the trade); and goods for exhibitions, fairs, meetings and similar cultural events. Each country chooses which one or all three of these types of goods they are willing to accept, with not all signatory countries accepting all three types. But all 100 ATA Carnet countries do accept goods for trade shows. Therefore, when it comes to trade shows, everything goes on an ATA Carnet.

Moreover, in replacing the temporary entry requirements in foreign countries, ATA Carnets function as a certificate of registration (CBP form 4455) with US CBP for the exhibit items returning to the United States. This air cargo passport is one document for all customs transactions, the export filing from the U.S., entry documentation into a foreign country, re-exportation documentation from that country, and finally the returning re-importation documentation back home. Also, thanks to the AFA’s efforts, ATA Carnets are exempt from the electronic export information filing in AES. However, ATA Carnets are not exempt from participating government agencies’ licensing requirements, and appropriate licenses need to be obtained in addition to the ATA Carnet document.

What also differentiates ATA Carnet shipments, specifically those destined for trade shows, is that they are not a one-time transport. A shipment on an ATA Carnet can continue traveling from one country to the next, with periodic stops in which goods are unpacked and then repacked. With this in mind, it is easy to understand why a typical cargo insurance policy may not fully cover goods moving on an ATA Carnet.

Roanoke Trade offers an enhanced ATA Carnet Cargo Insurance program to fill in the gaps for the entire duration of your ATA Carnet. The policy is designed to cover losses not typically covered under a standard cargo policy. Features of this policy include “all risk” coverage for new and used goods, including transit to and from a foreign ATA Carnet member country.  Coverage continues while the merchandise is in these countries and provides duty reimbursement in the event goods are lost or stolen. The policy also covers goods checked as luggage or hand-carried on a commercial airline.

Call a Roanoke Trade specialist today at 1-800-CARNETS (1-800-227-6387) to find out more about ATA Carnets for your business, or visit us at https://www.roanokegroup.com/ATA-Carnet.

Share This:

Related


Thank You to Karen Groff

We have important news to share with you. Karen Groff, President of Roanoke Insurance Group, has decided to leave the organization. Although our hearts are heavy with this news, we respect her decision and wish her all the best in her future endeavors. Karen played an integral role in Roanoke’s success over the past 30 […]

Corporate Communiqué, Industry Insights

Roanoke Appoints a New Regional Vice President and Head of Sales

Roanoke has appointed two key leaders to new roles, effective November 1, 2023. Please join us in congratulating Patrice Lafayette for accepting the position of Regional Vice President, Western Region, and Grant Goldsmith, who has accepted a position as Head of Sales. Patrice has been a steadfast leader of Roanoke’s Western Region for more than […]

Industry Insights

Reduce the Increasing Rate of Rail Thefts

Situation  In Q4, BSI recorded a significant uptick in rail thefts in North America, especially in the United States, in the Los Angeles area along trail lines, and near the port.  In Q4, the rail modality accounted for 6.7 percent of recorded cargo theft incidents in the United States. While this is a significant jump […]

Cargo Insurance, Industry Insights, Shippers Interest Cargo Insurance, Trade, Transportation

Professional Partnerships

Roanoke is the leading provider of insurance and surety solutions for transportation and logistics providers. In fact, we are recognized as the most reliable source for U.S. customs bonds.

Contact

If you have any questions or need help, feel free to contact with our team.

800-762-6653

US CORPORATE HEADQUARTERS

1501 E. Woodfield Road

Suite 400W

Schaumburg, IL 60173


CANADA CORPORATE HEADQUARTERS

390 Bay Street

Munich Re Centre, 22nd Floor

Toronto, ON M5H 2Y2

Solutions that Go the Distance.

© 2024 Roanoke Insurance Group Inc. A Munich Re company

Better Business Bureau logoCoverholder at Lloyd's logo