Terms & Conditions Investment Plan A
Written confirmation of orders will be issued together with an invoice prior to payment.
Upon receipt of full payment into our bank account, we will purchase the wine from our suppliers as soon as is reasonably possible, if not already purchased and subject to the other provisions of these conditions, within 60 days of receipt.
Quantity is agreed prior to sale and confirmed by invoice after sale agreement.
All bottles are standard 75cl (750 ml) bottles, unless otherwise stated.
All payments are due within seven days of invoice date, unless otherwise agreed prior to sale.
We reserve the right to cancel unpaid orders at any time after their due date.
Certificate of Ownership
Certificate of Ownership for bottled wines to be held under bond will be issued, complete with rotation numbers generated by the Government-Regulated bonded warehouse.
Allocation-confirmation certificates will be issued within 28 days of receipt of full payment into our bank account. Once bottled and received by the warehouse, a certificate of ownership will be issued as above.
Storage & Insurance
Five years storage and insurance will be provided with each In Bond purchase. Storage and insurance charges will become the responsibility of the client after this period and will be charged at the prevailing rate of the warehouse at which the wine is being held.
Bottled wines to be held by clients will be delivered free of charge to an agreed address in the United Kingdom, within thirty days of sale completion.
Deliveries outside of the United Kingdom will be subject to charge.
All prices are quoted in Pounds Sterling unless stated otherwise.
All invoices shall be made and settled in Pounds Sterling unless agreed prior to sale.
In Bond price includes a three percent management fee as a fixed rate annual charge for the first five years in advance. The total management fee is therefore fifteen percent to cover administration, bond transfers, storage and insurance for five years.
At no time do we claim to sell the wine at the market-price, our prices are determined in-house and therefore the same wine may be found cheaper or more expensive elsewhere.
Re-Sale & Commission
We l evi a five percent commission charge on profits achieved beyond the unit cost of your wine (excluding initial management fees) as detailed in the purchase invoice, for assisting in the re-sale of your wine. Additional expenses however, maybe incurred if the wine is sold via a third party such as an auction house. Prior to any sale, we will agree with you a minimum or reserve price you will accept.
Clients are under no obligation to sell their wine through us. If you choose to re-sell your wine through another merchant or trader, we will invoice for five percent of profits achieved as detailed above.
On-going Management Fees
Should you choose to hold on to the wines for longer than the five years an on-going management fee of three percent of the current market value at the time minus the initial advance management fee of fifteen percent will be due annually until re-sale.
Re- sale commission as detailed above will still be due once the wine is sold.
In accordance with The Consumer Protection (Distance Selling) Regulation 2000, cancellation of orders must be made in writing and may be made at any time up until the close of business on the seventh working day after your funds have been received into our bank account.
We shall not be held liable for any failure to meet our obligations occasioned by circumstances beyond our control.
The agreement between BWC Management & Consulting Partners and the client are made under English Law and are subject to the exclusive jurisdiction of the English Courts.