• application process
• membership criteria
• understanding the free asset ratio
• conditions of membership
• bonding and contribution scheme
• monitoring and declarations
• quarterly declaration guidance
• fees
• FAQs

 Courtesy of Hurtigruten

membership fees

Current ABTOT Membership Fees

The membership fees are made up of the following:

Application Fee

A £180.00 non-refundable application fee is payable by new applicants upon application to the scheme, and by existing members on an annual basis when submitting the renewal documentation.

Grant Fee

The Grant Fee is an administration fee payable for the monitoring of quarterly declarations and ensuring that members are correctly bonded according to the actual turnover figures. The Grant Fee is payable upon acceptance to the scheme and annually for existing clients at renewal.

The Grant Fee is £450.00 per annum up to the first £2.5m of projected non-licensable turnover. If the anticipated annual turnover is in excess of £2.5m, there is an additional Grant Fee of £100 per £1m of turnover (above £2.5m) or part thereof, subject to a maximum Grant Fee of £3,750.

Shortfall Insurance Contribution

As a DTI "approved body" for holding travel bonds, ABTOT is required to keep in force a "Shortfall Insurance Policy" which is used as second line of defence should the underlying bond prove to be insufficient in the unlikely event of a claim.

Each member is required to contribute by way of a small premium to the Shortfall Insurance policy. Please call us to discuss this further if need be.

There is a minimum premium under the shortfall scheme of £175.00 + IPT

**Please note that all fees may be subject to annual revision.