Wine Storage & Insurance Information

UKV INTERNATIONAL AG will organise storage and insurance on your behalf. Such services can be provided by industry renowned London City Bond (LCB) established in 1870 and is the leading privately owned tax warehouse in the UK.

At LCB, your wine is kept in optimum storage conditions with a controlled climate that ensures a constant humidity and temperature, free from sunlight and vibration. This allows the wines to mature properly ensuring provenance and maximum profitability.

Not only is your wine kept in these perfect conditions, by storing your collection in bond, there is no duty or VAT to pay if you are a UK based client.

Option 1: Limited Insurance Cover.

On receipt, wines are charged at £1.08 + VAT per case per month for the months remaining in the calendar year and subsequently at £12.96 + VAT per case on the 1st January for the following calendar year. NO REFUNDS are given for wine withdrawn during the year. All wines cellared with LCB are automatically insured against “all risks” at full replacement value, but subject to a maximum value of £7,500 per 9 litre case.

Option 2: Unlimited Insurance Cover.

On receipt, wines are charged at £1.62 + VAT per case per month for the months remaining in the calendar year and subsequently at £19.44 + VAT per case on the 1st January for the following calendar year. NO REFUNDS are given for wines withdrawn during the year. All wines cellared with ourselves are automatically insured against “all risks” at full replacement value with no limit.

N.B. Annual invoices are subject to a minimum charge of £50.00 + VAT