INGO provides financial guarantees:
- in accordance with the Convention on the Common Transit Procedure (NCTS)
- in accordance with the Customs Code of Ukraine (on the customs territory of Ukraine using national procedures and declaration forms)
What we guarantee
A customs liability insurance contract provides a guarantee from INGO for the payment of customs duties.
How it works
(on the example of the NCTS system)
Thanks to the NCTS system, a company can move its goods in one vehicle with only one transit declaration and one mandatory financial guarantee. Before moving the goods, the trader submits a single declaration to the NCTS system, which is processed by customs officers of all countries along the entire route of the cargo (simplified system).
"INGO (as an official guarantor) can provide both a general guarantee (in this case, the company must obtain the appropriate authorization to use the simplified "Use of a general guarantee" procedure) and individual guarantees for individual customs declarations. Registration of guarantees takes place online and takes up to 10 minutes.
Benefits of insurance in INGO
The speed of registration
Experience and capital adequacy
How to get a financial guarantee from INGO
- Apply for the terms and conditions of the financial guarantee
- "INGO analyzes the risks and makes a proposal
- Pass the financial monitoring procedure (if necessary)
- Sign a liability insurance contract with the customs authorities
The level of financial stability of INGO
outlook - "Evolving"
Frequently asked questions
The resident company must have at least 50 T1s issued in the last 12 months or meet the criterion of "ensuring that the competence or professional qualifications of the responsible official of the company meet practical standards". Also, the company must comply with the requirements of customs and tax legislation and have no facts of criminal prosecution.
Thus, guarantees may be provided as individual guarantees covering a single transaction or general guarantees covering several transactions in the form of an obligation provided by the guarantor, if the relevant permission (authorization) to apply such simplification is available.
Banks, independent financial institutions and insurance companies may act as guarantors. All of them must meet certain conditions stipulated in Article 316 of the Law of Ukraine No. 2510-IX dated 15.08.2022 and be included in the official Register of Guarantors.
The guarantee is provided in electronic form and is entered into the national transit system database, but can be issued in the form of a .pdf file or in paper form if necessary.
The basis for calculating the cost of the guarantee is the amount of customs payments actually guaranteed for the settlement period (reporting month)