Storage, Delivery & General Terms
We recommend professional storage for all wines bought for investment. See our advice on cellaring wines for more information. We offer long-term storage, in bond or duty-paid. Uniquely numbered and named reserve accounts are available at an annual rental of £11.80 per case (or £5.90 per half case or less) + VAT payable in advance. Insurance is charged in addition (unless you choose to arrange this yourself) at cost and calculated at 0.15% of the current market value* (i.e £1.50 per annum on stock valued at £1000, £15 on stock valued at £10,000 and £150 on stock valued at £100,000 etc.)
Rental & Insurance invoices are raised annually and are non-refundable.
All transfers of wine from Richard Kihl Ltd to reserve accounts will attract a one-off transfer charge of £2.50 per case (£.25 per half case) + VAT, payable in advance.
Transfer of stock bought from a third party to private reserves is charged at £4.50 per case (£2.25 half a case or less) ex-VAT.
*Current Market Value as substantiated on the Liv-ex Fine Wines Index at the given date
The majority of our stocks are held at London City Bond (Tilbury) and are immediately available. A minority are offered on behalf of private vendors/collectors. Wines offered in less than full case quantities are usually held duty paid, temperature-controlled, at our premises in Aldeburgh, Suffolk. Condition photographs available on request.
Duty and VAT will be charged at the prevailing rates at the time of clearance. VAT is charged on the total charges i.e. original cost of the wine plus duty and any delivery charges.
Duty rates (as of 1st August 2023) are £32.06 per dozen bottles of wine (and sparkling wine), with an ABV of 11.5% to 14.5%, and £51.30 for most fortified wines. For anything else please enquire.
All prices exclude delivery. We deliver nationally and worldwide, using a variety of services. The majority of wines are delivered from bonded cellars, using specialist fine wine delivery services, able to deliver wines in original wooden cases, with insurance cover for very high-value wines.
Deliveries to London & Home Counties postcodes from £16.00 + VAT for 1 case (case rate decreases for multiple case orders). All other postcodes on quotation.
We deliver worldwide, subject to local restrictions. Please contact us with the delivery address for a quotation.
All charges are payable on receipt of invoice and prior to delivery. We request payment via bank transfer, details will be found on your invoice. Payment by credit or debit card may also be accepted, at our discretion. Payment for orders from new overseas customers will be requested by bank transfer.