If you’re new to the shipping business, you may not completely understand the term “Carnet.” Pronounced car-nay, from the French, a Carnet is often considered a merchandise passport that lets your goods go through a foreign country. It essentially simplifies the customs process when your goods are being temporarily stored or transported through another port. A Carnet shipment offer many benefits, but you have to understand which goods and processes are accepted to get the best terms.
Benefits of the Carnet:
- Fees and premiums are billed in U.S. currency, and you know the cost ahead of time.
- It frees up your cash flow by eliminating the duties and taxes when going through a foreign port.
- The Carnet can be used multiple times in a 12-month time frame.
- It saves time when entering the U.S. and going through customs. The Carnet is a certificate of registration.
- You won’t need a temporary import bond.
Your Carnet shipment can be used for commercial samples, professional equipment, and exhibitions. It’s not just for shipping on an ocean liner, but also aircrafts and pleasure boats, private and commercial. However, it is only for items that will be exported. Work with a business who can help you put together your Carnet documents to save you money and time when you’re shipping goods overseas. Know the restrictions on your Carnet while you’re getting the best deal for your products.