EN PRIMEUR TERMS & CONDITIONS
Definition of En Primeur
En Primeur (also referred to as “futures”) refers to the procedure of buying wines
prior to their bottling and release onto the market. The wines are normally released by the
Chateaux 2 or 3 years after the vintage and are delivered in the UK to The Antique Wine Company’s
bonded warehouse. When wines are held "in bond" the VAT and UK duty has not been paid but needs
to be settled when you request the wines to be delivered (if you are based anywhere in the EU).
En Primeur Wines can normally only be purchased by the unmixed case (12 x 75cl bottles, 24 x
37.5cl bottles, 6 x magnums) but allocations of lesser quantities may be made at the Company’s discretion.
Prices
A description of the wine and prices will be specified in our En Primeur price list on the Company’s Website.
All prices are quoted at in bond prices (excluding VAT and duty), but are inclusive of freight and delivery to The
Antique Wine Company’s bonded warehouse in the UK. Prices of En Primeur wines may vary due to fluctuations in currency
and market demands.
Delivery & Storage
Once the wines are received by the Company in its bonded warehouse in the UK, the Company
will allocate them to your bonded customer portfolio account by default and will notify you of their arrival
by e mail. Upon your confirmation, the Company will store your En Primeur wines in your Bonded Customer Account
until you provide the Company with delivery instructions. There will be no fee for storage of En Primeur wines
in the first year following release. However, for each subsequent year a fee of £12.50 plus VAT (if applicable)
per case will be incurred.
Upon your request for delivery of En Primeur wines, normal delivery terms shall apply and please refer to the
Company’s general Terms and Conditions. Additionally, when the wine is released from bond and delivered to you
or the storage facility of your choice you will be required to pay duty and VAT at the applicable rates at the
time of delivery. Please contact us for
details of current rates of duty and VAT.
Insurance
The Company will be responsible for insuring En Primeur wines purchased from the Company at their original invoice
value until your delivery and/or storage instructions have been completed. In the case of storage of En Primeur wines
that have become physical, the Company will insure such wines at replacement value with a reputable insurer of the Company’s choice.
Ownership
Ownership of En Primeur wines will pass once full payment has been made in respect of
the En Primeur wines in accordance with any invoice issued by the Company for such wines.
Availability and shipping dates
En Primeur wines are normally advertised with reference to a specific vintage and are offered for a
limited period only following the vintage. We will let you know the anticipated date by when we expect
the wines from that vintage will be bottled and shipped to the UK. However, these are estimated only
and the Company cannot guarantee the delivery dates of En Primeur wines.
Orders
Orders for En Primeur wines are strictly subject to availability.
Stocks of certain wines may need to be allocated subject to demand and the Company reserves the right to
allocate the stocks in such proportions as it deems necessary. Therefore some customers may not be allocated
any or only some of the wines they have registered an interest in. The Company will notify customers as soon
as reasonably possible in relation to allocations of En Primeur wines.
"Bonded Customer Account" means your En Primeur wines that are allocated to you and that are
stored within the Company’s bonded facilities.
These special terms and conditions run in conjunction with and in addition to the
general terms and conditions specified on the Website.
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