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INGO is a financial guarantor within the framework of the convention on a common transit procedure







Customs Visa Free



The Convention on a Common Transit is the basis for transportation of goods between the participating countries.

Before transporting the goods, the trader submits a single declaration to the NCTS system, which is used by customs officials of all countries along the entire cargo transportation route.


One vehicle
The enterprise can transport its goods on one vehicle
One declaration
The enterprise can have only one transit declaration
One guarantee
The company has one guarantee

Peculiarities of Common Transit


  • Uniform rules of transit through the territories of the countries of the Convention.
  • The border crossing does not require additional declaration of goods.
  • The reduction of expenses of the subjects of foreign economic activity (traders).
  • Common electronic transit control system (NCTS).
  • Electronic declaration and electronic guarantee management system.
  • Description and identification of goods.
  • Transit simplifications.
  • Comprehensive protection of INGO


    In addition to financial guarantees, we offer comprehensive protection



  • financial guarantee;
  • cargo insurance;
  • transport operator/carrier liability insurance




  • What do you need to know about the common transit procedure?



    The New Computerized Transit System (NCTS) is a system based on the Convention on a Common Transit Procedure. NCTS is available only to the countries that are parties to the Convention. NCTS connects customs services in countries that are parties to the Convention, allowing the exchange of customs data to control transit movements.

    NCTS is a system to which the enterprises (subjects of foreign economic activity) submit customs declarations in electronic form for placing goods under the common transit procedure.

    NCTS is a system used by the countries participating in the Convention to control the transportation of goods under the common transit procedure, increases the efficiency and safety of transit transportations of goods.
    Currently, 36 countries are the members of the Convention on a Common Transit Procedure. They include EU countries, European Free Trade Association (EFTA) countries (Iceland, Liechtenstein, Norway, Switzerland), Ukraine, UK, Turkey, North Macedonia and Serbia.
    The Convention on a Common Transit Procedure is the basis for the transit transportation of goods between the countries participating in the Convention.

    The provisions of the Convention help to greatly simplify such transportations. The goods are transported within one transit procedure, from the customs office of departure in one country to the customs office of destination in another country (i) under one transit declaration, (ii) under one financial guarantee (such a guarantee is valid in the territory of all countries participating in the Convention).
    All goods placed under a common transit procedure are subject to guarantee. The issue of guarantees during a common transit is regulated by the Convention on a Common Transit Procedure and the Customs Code of Ukraine. Thus, Clause 1 (c) of Article 8 of Annex I of a Common Transit Procedure defines that the subject of procedure is responsible for providing a guarantee to ensure the payment of the amount of debt that may arise in relation to goods transported under a common transit procedure.

    At the same time, it is determined that the guarantee can be individual or general. When using the Individual Guarantee, its amount covers one transit operation (goods under one customs declaration) and cannot be used repeatedly. The general guarantee is used for several transit operations (including simultaneous ones) in relation to several customs declarations, and after the release of a part of the reserved part of the total guarantee amount, such amount becomes available for subsequent transit operations.

    The general guarantee can be used by the enterprise under the condition of obtaining a special transit simplification ""use of the general guarantee"" (or the option of such simplification - ""general guarantee with a reduction in the value of the reference amount"").

    Forms of the guarantor's obligation in the form of an individual guarantee and in the form of a general guarantee, approved by Annexes C1 and C4 to the Convention.





    Contact an Expert

    Sydorchuk Sergiy Head of the Special Risks Insurance Department

    INGO received the status of Guarantor

    The criteria of liquidity, profitability and asset quality have been met

    The standards of solvency and capital adequacy, riskiness of operations, and quality of assets have been complied with

    The reserves for full indemnification for possible costs for 75% of simultaneously provided financial guarantees have been formed.

    AAifr

    Level of INGO's financial strength



    The rating agency 'IBI-Rating' affirmed the financial strength of INGO Insurance Company

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