Wine Storage

If you are storing wine it is vital that this is done correctly to avoid deterioration. The key factors that will effect stored wine are light, heat, movement and humidity.

Yapp Brothers is happy to arrange wine storage for you in temperature-controlled cellars either in Mere, Wiltshire or at our client account at Octavian Cellars in Corsham, Wiltshire. Both facilities provided the ideal conditions for long-term wine storage.

Listed here are the key features of wine storage. Full terms and conditions for storage are shown beneath.

  • Purchases will be stored in your name under temperature-controlled conditions.
  • Customer reserves are stored separately from any stock belonging to Yapp Brothers.
  • Separate stock records are maintained for all customer reserves and individual stock certificates are supplied annually to each customer.
  • The wine is insured at current retail value.
  • Our current storage charge is £12.50 per case (or part case) per year.
  • Outstanding storage charges must be settled before wine can be released from storage.
  • No wines will be removed from customer reserves except on the written instructions of the account holder (email or fax are acceptable) and we require at least one week’s notice of withdrawals.
  • We are happy to arrange delivery of your wine in the UK subject to our normal delivery terms and charges. This usually means that delivery to UK mainland home addresses is free of charge.
  • We hold customers’ In bond stock at Octavian Cellars, Corsham. Therefore we do not charge for In bond transfers to other accounts within that site. In bond transfers outside of Octavian Corsham are charged at £15 per case up to 2 cases, £5 per case thereafter.

You may be interested to read about Buying Fine Wine or Wine Investment.

 

Wine Storage Terms and Conditions

1. General
1.1. Purchases will be stored in your name under temperature-controlled conditions.
1.2. Customer reserves are stored separately from any stock belonging to Yapp Brothers and such storage areas are clearly identified.
1.3. Separate stock records are maintained for all customer reserves.
1.4. Every case held on behalf of a customer is clearly identified in a way that asserts that customer’s ownership.
1.5. Individual stock certificates are supplied annually to each customer. This should be checked on receipt and any queries brought to our attention in writing immediately. You will be deemed to have acknowledged and agreed with the content of the certificate unless you notify us to the contrary in writing within twenty eight days of the date on which you are deemed to have received it.
1.6. The wine is insured at current retail value.
1.7. Cases will only be stored as whole cases, and not as mixed cases. We reserve the right to charge a reasonable fee for picking individual bottles from cases.

2. Charges
2.1. Our current storage charge is £12.50 per case (or part case) per year.
2.2. In the event that you take any wine out of storage within 30 days of the annual storage invoice date (normally 1st February), we will credit you the corresponding storage charge.
2.3. Wine taken out of storage after those 30 days will incur either a half year charge of £6.25 per case (if taken before 1st July) or the full year’s charge (if taken after 1st July).
2.4. If a wine arrives into storage before 1st July, you will be charged £6.25 per case to cover the remainder of the year. If the wine arrives after 1st July, no storage charge will be applied for that year.
2.5. Outstanding storage charges must be settled before wine can be released from storage.

3. Access, Delivery & Delivery Charges
3.1. No wines will be removed from customer reserves except on the written instructions of the account holder (email or fax are acceptable). We require at least one week’s notice of withdrawals.
3.2. In the case of joint accounts we will accept, rely and act on written instructions given by one of the named customers.
3.3. We are happy to arrange delivery of your wine in the UK subject to our normal delivery terms and charges. This usually means that delivery to UK mainland home addresses is free of charge. Equally, you are welcome to collect wines from us during our opening hours. All deliveries will require a signature at the destination.
3.4. We hold customers’ In bond stock at Octavian Cellars, Corsham. Therefore we do not charge for In bond transfers to other accounts within that site. In bond transfers outside of Octavian Corsham are charged at £15 per case up to 2 cases, £5 per case thereafter. All charges must be paid before the transfer request is actioned. You will also need to advise us of account / warehouse details for the transfer.

4. Duty and VAT
4.1. When wine that has been held in bond is withdrawn from a bonded warehouse, you will be charged duty and VAT at the prevailing rates on the original cost of the wine.
4.2. The current duty rate is £24.00 per case and the VAT rate is 20%. Therefore, the current duty and VAT on a £200 case of wine withdrawn from bond would be £68.80. (NB. you pay VAT on the cost of the wine including duty)

5. Conversion clause
5.1. In the event that unpaid storage charges exceed our estimate of the sale value of the stored wine, we will exercise our right to sell the wine (having first served you notice of this course of action at your last known address) and off-set any sale costs and amounts due to Yapp Brothers from the proceeds.