Your wines are held securely with your own personal account within one of the UK’s leading HMRC Government regulated independent bonded warehouses. This is a controlled environment to ensure your wine is kept in prime condition and provenience is maintained.
Your wine assets will be fully insured on an independent policy by the bond or yourself. This means you will be offered a replacement or equivalent value in the unlikely event any loss or damage is incurred.
En-primeur wine is still in the barrel and subject to speculation, so the wine is still young so can change as it develops and matures. Therefore, it’s often safer to buy wine that is bottled with a recognised definitive grade or score
The condition and provenience of a wine can seriously affect its value. For this reason, we only deal original, wooden-cased wine that is held in bond and has not been shipped overseas or labelled for an overseas market.
UKV International AG employs an FCA-licenced escrow service that operates a client account. This means that client funds are held independently and only released upon confirmation of wine being ready for transfer or ordered from a supplier (if not already held in stock).
Each bonded warehouse operates either an inclusive insurance cover within their storage charge or you will be offered insurance through an independent insurance company that specialises in fine wine insurance to ensure your wine assets are covered.
You are free to resell your wine through any merchant or broker – you have no obligation to sell your wine through UKV International AG and we have no obligation to sell your wine. Should you wish us to sell your wine you should contact our brokerage service.
The cost of storage is approximately £10-12 per case, per annum, and invoiced to you directly by the bonded warehouse as the account holder. This charge is made in advance for a 12-month period by direct debit.
Should you wish to drink your wine, you can request delivery to a location of your choice directly with the bonded warehouse. Please be aware you will need to pay the HMRC Duty and VAT on your wine before it can be removed together, alongside any outstanding storage cost and delivery charge. Please head to our wine taxation page for more details.
We do not recommend this unless you are going to drink your wine within a relatively short period of time. Wine purchased for future resale should always be stored within a bonded warehouse controlled environment to maintain provenience.