Resource Center
What is an ATA Carnet Bond?
What is an ATA Carnet Bond?
An ATA Carnet Bond is designed to offer a simple way to provide a security deposit to the USCIB (The United States Council for International Business) that doesn’t tie up funds for an extended period of time. This type of bond is a written agreement that guarantees payment of import duties, taxes, and any other potential penalties in an ATA Carnet holder fails to meet the obligations of the carnet. An ATA Carnet Bond in conjunction with the carnet also assures compliance with all laws and regulations concerning the entry of merchandise to a foreign country.
An ATA Carnet is an internationally accepted document to aid in the temporarily exportation of commercial samples, professional equipment, and goods for exhibitions and fairs. In order to explicitly follow the obligations of an ATA Carnet, the items must be re-imported back into the U.S. within 12 months and must be re-imported in the same condition in which they left the country.
How are ATA Carnets Used?
ATA Carnets are used to export and re-import items to over 100 different countries within Europe, North America, South America, Asia, Africa, and Oceania. They can be used to move a vast array of merchandise including vehicles, live animals, medical equipment, promotional materials (not handouts), video equipment and more
So what is an ATA Carnet Bond used for? The ATA Carnet Bond is not insurance. What it does is assures that an ATA Carnet is financially secured and guarantees the payment of any duties, taxes or penalties for not following the initial agreement of an ATA Carnet. Payment is required if the Carnet Holder and principal on the bond is not able to fulfill the obligations under the terms of the Carnet. It is imperative that a Carnet Holder understands their responsibilities.
To calculate an estimated premium for a Carnet bond you can find various calculators online or multiply the value of the merchandise being exported by 40%. The result is then multiplied by $10.00 per thousand.
Example:
$100,000 general list value x 40% = $40,000
$40,000 / 1000 x $10.00 = $400.00 premium
If you choose to provide a cash deposit rather than an ATA Carnet Bond to the USCIB as your financial guarantee, business funds could be tied up for as long as 30 months. This is why it is important for businesses to fully understand the obligations and restrictions placed on an ATA Carnet in order to prevent any further costs or penalties.
Related Content You Might Have Interest In
- What Qualifies as an ATA Carnet Shipment?
- Why Would One Choose to Use an ATA Carnet Over the Other Options?
- Who are the Parties to the ATA Carnet?
Don't see an answer to your question?
Please complete our contact form and submit your inquiry, and one of our expert sales or service advisors will reach out to you as soon as possible.
Our Latest Articles
By: Lenny Feldman, Managing Partner at Sandler, Travis & Rosenberg, P.A. With the government’s continued emphasis on enforcement, it has become mission-critical for parties engaged in international trade to set their strategic offensive in place through programs such as “regulatory defense. “The administration continues to issue executive actions and regulations that increase trade enforcement by stepping up the collection of section 301, 232, and 201 tariffs as well as antidumping and countervailing duties and the prosecution of trade and customs laws violations, particularly in the de minimis space. Additionally, federal agencies have issued regulations and decisions underscoring the need for […]
The surge in cargo theft incidents, including sophisticated scams like fictitious pickups and fraud schemes, has left logistics service providers facing significant challenges. Join us in our latest video. Karen Rzeszutko, President of Roanoke Insurance Group, and Tony Pelli, Practice Director for Security and Resilience at BSI, dive into the evolving threats and share actionable insights to protect your operations. Why This Video Matters Cargo theft is a growing problem that impacts every link in the supply chain. From theft hotspots in North America to emerging criminal tactics, Karen and Tony discuss: Key Cargo Theft Trends – Including hotspots like […]
While cyberattacks caused by sophisticated cybercriminals and the advent of artificial intelligence (AI) make headline news, human error continues to drive most cyber events. According to Harvard Business Review (HBR), more than 80% of cyber incidents are attributed to end-user error. The worldwide cost of cybercrime was estimated at $10 trillion in 2023 and is expected to more than double in the next four years. In addition, in a 2022 study by Stanford University, 90% of ransomware attacks originated through phishing emails to employees, according to an article by Maria Long, Vice President, Cyber Underwriter & Risk Management Portfolio Leader […]
The threat of cargo theft is a persistent risk for businesses operating in the global supply chain, with organized crime groups continually adapting and evolving their tactics to target high-value goods. According to our latest Cargo Theft Report, the rise in strategic thefts, which involve deception, fraud, and sophisticated planning, is a key trend in 2024, with an exponential increase in the United States in particular. In North America, the risk of cargo theft is heightened, with the United States and Canada experiencing significant increases in thefts. The report highlights that food and beverage products dominate the list of targeted […]
This FAQ is tailored for Canadian importers who need guidance on complying with the upcoming Release Prior to Payment (RPP) changes under the Canada Border Services Agency (CBSA) Assessment and Revenue Management (CARM) initiative. Frequently Asked Questions (FAQ) – Release Prior to Payment (RPP) Under CARM 1. What is the Release Prior to Payment (RPP) program? The RPP program allows importers to have their goods released by the Canada Border Services Agency (CBSA) before they pay duties and taxes. However, importers must now provide their own financial security to participate in RPP, as they can no longer rely on their […]
by Craig Nerger, Strategic Relationship Manager, Roanoke Insurance Group Customs brokers are essential facilitators of international trade, ensuring that goods are properly cleared through U.S. Customs while navigating a complex regulatory landscape. As advisors to importers and key figures in the global supply chain, brokers face significant risks, particularly when dealing with imports subject to anti-dumping duties (ADD). These duties, imposed to protect domestic industries from unfair pricing practices, present serious financial and liability challenges for importers and customs brokers. This article highlights the heightened risks associated with anti-dumping duties. It underscores the critical need for errors and omissions (E&O) […]
February 10, 2025 – Chicago, IL Roanoke Insurance Group proudly celebrates its 90th anniversary as a pioneer and trusted partner in the logistics and trade insurance industry. Since its founding in 1935 in Chicago, Illinois, Roanoke has been at the forefront of industry innovation, delivering specialized insurance solutions that have shaped and supported the global trade and logistics sector. Milestones in Roanoke’s Legacy From its early days as the first provider of customs import bonds in the United States to its recognition as the first official ATA Carnet provider for the U.S. Council for International Business (USCIB) in 1978, Roanoke […]
Handling temporary exports can be complex, and calculating ATA Carnet costs shouldn’t slow you down. That’s why we’ve introduced our ATA Carnet Cost Calculator—a simple, user-friendly resource designed to provide instant, accurate cost estimates tailored to your shipping needs. Our ATA Carnet team is very excited about this innovative tool. ATA Carnet Manager Kelli Milianti shared her enthusiasm, stating, “We are delighted to launch our new online Carnet Calculator, which simplifies the estimation process and delivers fast, precise quotes that will enhance customer satisfaction. This digital solution provides an easy and clear method for obtaining quotes customized to your unique […]
By: Dennis Gates, Regional Vice President Northeast Region The announcement of potential tariffs has sparked concern across industries. In November 2024, the U.S. President-elect proposed a 25% tariff on imports from Canada and Mexico. This move could significantly disrupt trade, particularly for goods previously duty-free under the U.S.-Mexico-Canada Agreement (USMCA). For importers and their customhouse brokers, these tariffs could bring significant financial and logistical challenges. Understanding the Potential Impact These proposed tariffs may affect a wide array of goods, from raw materials to finished products. Importers need to understand how these changes could increase costs, strain supply chains, and lead […]
By Matt Zehner, VP, Surety Information & Analysis, Roanoke Insurance Group Inc. Recently, my colleague Colleen introduced Tariffs and Bond Stacking Liability and the need for importers to monitor bond sufficiency on a regular basis, with the goal to avoid a short-notice demand from CBP to terminate and file a larger bond. One significant reason to planning the timing of when to make use of a larger continuous bond is that by reducing the number of times the bond amount changes over time, the bond principal is able to minimize the accumulation of bond liability. There are ancillary benefits to importers when […]
By: Lenny Feldman, Managing Partner at Sandler, Travis & Rosenberg, P.A. With the government’s continued emphasis on enforcement, it has become mission-critical for parties engaged in international trade to set their strategic offensive in place through programs such as “regulatory defense. “The administration continues to issue executive actions and regulations that increase trade enforcement by stepping up the collection of section 301, 232, and 201 tariffs as well as antidumping and countervailing duties and the prosecution of trade and customs laws violations, particularly in the de minimis space. Additionally, federal agencies have issued regulations and decisions underscoring the need for […]
The surge in cargo theft incidents, including sophisticated scams like fictitious pickups and fraud schemes, has left logistics service providers facing significant challenges. Join us in our latest video. Karen Rzeszutko, President of Roanoke Insurance Group, and Tony Pelli, Practice Director for Security and Resilience at BSI, dive into the evolving threats and share actionable insights to protect your operations. Why This Video Matters Cargo theft is a growing problem that impacts every link in the supply chain. From theft hotspots in North America to emerging criminal tactics, Karen and Tony discuss: Key Cargo Theft Trends – Including hotspots like […]
While cyberattacks caused by sophisticated cybercriminals and the advent of artificial intelligence (AI) make headline news, human error continues to drive most cyber events. According to Harvard Business Review (HBR), more than 80% of cyber incidents are attributed to end-user error. The worldwide cost of cybercrime was estimated at $10 trillion in 2023 and is expected to more than double in the next four years. In addition, in a 2022 study by Stanford University, 90% of ransomware attacks originated through phishing emails to employees, according to an article by Maria Long, Vice President, Cyber Underwriter & Risk Management Portfolio Leader […]
The threat of cargo theft is a persistent risk for businesses operating in the global supply chain, with organized crime groups continually adapting and evolving their tactics to target high-value goods. According to our latest Cargo Theft Report, the rise in strategic thefts, which involve deception, fraud, and sophisticated planning, is a key trend in 2024, with an exponential increase in the United States in particular. In North America, the risk of cargo theft is heightened, with the United States and Canada experiencing significant increases in thefts. The report highlights that food and beverage products dominate the list of targeted […]
This FAQ is tailored for Canadian importers who need guidance on complying with the upcoming Release Prior to Payment (RPP) changes under the Canada Border Services Agency (CBSA) Assessment and Revenue Management (CARM) initiative. Frequently Asked Questions (FAQ) – Release Prior to Payment (RPP) Under CARM 1. What is the Release Prior to Payment (RPP) program? The RPP program allows importers to have their goods released by the Canada Border Services Agency (CBSA) before they pay duties and taxes. However, importers must now provide their own financial security to participate in RPP, as they can no longer rely on their […]
by Craig Nerger, Strategic Relationship Manager, Roanoke Insurance Group Customs brokers are essential facilitators of international trade, ensuring that goods are properly cleared through U.S. Customs while navigating a complex regulatory landscape. As advisors to importers and key figures in the global supply chain, brokers face significant risks, particularly when dealing with imports subject to anti-dumping duties (ADD). These duties, imposed to protect domestic industries from unfair pricing practices, present serious financial and liability challenges for importers and customs brokers. This article highlights the heightened risks associated with anti-dumping duties. It underscores the critical need for errors and omissions (E&O) […]
February 10, 2025 – Chicago, IL Roanoke Insurance Group proudly celebrates its 90th anniversary as a pioneer and trusted partner in the logistics and trade insurance industry. Since its founding in 1935 in Chicago, Illinois, Roanoke has been at the forefront of industry innovation, delivering specialized insurance solutions that have shaped and supported the global trade and logistics sector. Milestones in Roanoke’s Legacy From its early days as the first provider of customs import bonds in the United States to its recognition as the first official ATA Carnet provider for the U.S. Council for International Business (USCIB) in 1978, Roanoke […]
Handling temporary exports can be complex, and calculating ATA Carnet costs shouldn’t slow you down. That’s why we’ve introduced our ATA Carnet Cost Calculator—a simple, user-friendly resource designed to provide instant, accurate cost estimates tailored to your shipping needs. Our ATA Carnet team is very excited about this innovative tool. ATA Carnet Manager Kelli Milianti shared her enthusiasm, stating, “We are delighted to launch our new online Carnet Calculator, which simplifies the estimation process and delivers fast, precise quotes that will enhance customer satisfaction. This digital solution provides an easy and clear method for obtaining quotes customized to your unique […]
By: Dennis Gates, Regional Vice President Northeast Region The announcement of potential tariffs has sparked concern across industries. In November 2024, the U.S. President-elect proposed a 25% tariff on imports from Canada and Mexico. This move could significantly disrupt trade, particularly for goods previously duty-free under the U.S.-Mexico-Canada Agreement (USMCA). For importers and their customhouse brokers, these tariffs could bring significant financial and logistical challenges. Understanding the Potential Impact These proposed tariffs may affect a wide array of goods, from raw materials to finished products. Importers need to understand how these changes could increase costs, strain supply chains, and lead […]
By Matt Zehner, VP, Surety Information & Analysis, Roanoke Insurance Group Inc. Recently, my colleague Colleen introduced Tariffs and Bond Stacking Liability and the need for importers to monitor bond sufficiency on a regular basis, with the goal to avoid a short-notice demand from CBP to terminate and file a larger bond. One significant reason to planning the timing of when to make use of a larger continuous bond is that by reducing the number of times the bond amount changes over time, the bond principal is able to minimize the accumulation of bond liability. There are ancillary benefits to importers when […]
By: Lenny Feldman, Managing Partner at Sandler, Travis & Rosenberg, P.A. With the government’s continued emphasis on enforcement, it has become mission-critical for parties engaged in international trade to set their strategic offensive in place through programs such as “regulatory defense. “The administration continues to issue executive actions and regulations that increase trade enforcement by stepping up the collection of section 301, 232, and 201 tariffs as well as antidumping and countervailing duties and the prosecution of trade and customs laws violations, particularly in the de minimis space. Additionally, federal agencies have issued regulations and decisions underscoring the need for […]
The surge in cargo theft incidents, including sophisticated scams like fictitious pickups and fraud schemes, has left logistics service providers facing significant challenges. Join us in our latest video. Karen Rzeszutko, President of Roanoke Insurance Group, and Tony Pelli, Practice Director for Security and Resilience at BSI, dive into the evolving threats and share actionable insights to protect your operations. Why This Video Matters Cargo theft is a growing problem that impacts every link in the supply chain. From theft hotspots in North America to emerging criminal tactics, Karen and Tony discuss: Key Cargo Theft Trends – Including hotspots like […]
While cyberattacks caused by sophisticated cybercriminals and the advent of artificial intelligence (AI) make headline news, human error continues to drive most cyber events. According to Harvard Business Review (HBR), more than 80% of cyber incidents are attributed to end-user error. The worldwide cost of cybercrime was estimated at $10 trillion in 2023 and is expected to more than double in the next four years. In addition, in a 2022 study by Stanford University, 90% of ransomware attacks originated through phishing emails to employees, according to an article by Maria Long, Vice President, Cyber Underwriter & Risk Management Portfolio Leader […]
Sign up for our latest articles and events.

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.
Who We Serve
Resource Center
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.