Storage & Delivery
The vast majority of our customers wine is stored at London City Bond (LCB) in Tilbury Docks. LCB is the UK's leading bonded warehouse company, home to over 10,000,000 cases of wine and spirits spread across several locations.
When you buy wine In Bond, the payment of excise duty and VAT is deferred until the wine is delivered for final consumption. This allows a case or bottle of wine stored in an HMRC-approved bonded warehouse to be bought and sold multiple times without any of the owners having to pay taxes.
In addition to the tax advantages, bonded warehouses provide optimal storage conditions for fine wine, ensuring it remains in pristine condition over the years. More importantly, all duty-deferred goods in the UK and EU are tracked through the Excise Movement and Control System (EMCS). This system keeps a secure record of every movement of goods from the moment they enter the bond, greatly enhancing transparency and preventing fraud.
For these reasons, wine bought and sold for investment purposes is almost exclusively traded In Bond. While BordeauXchange can trade duty-paid wines, our platform is dedicated exclusively to In Bond wines.
Yes, the 'Storage' page of your account documents all of the wines that have been assigned to your account. On this page you can:
- View/request photographs
- Request delivery or collection from LCB
- Read notes left from condition reports
- Print a PDF report of your holdings
- View all other storage information relating to your wines.
Our storage fee is £15 + VAT a case (regardless of size) per year. This fee includes insurance at full replacement value.
Yes, all purchases are initially assigned to your own account with BordeauXchange at London City Bond. Once assigned, you can arrange delivery or collection via the 'Storage' page of your account or by contacting us. We can deliver to any UK address within 10 days. We do not offer international delivery, but we can release the wines for collection by your chosen transporter. If you do not have a transporter, please contact us and we can offer our recommendations.
Each case of wine stored in bond has a Unit Identification Number (UID), these are essentially barcodes attached to every case of wine in the warehouse upon arrival to assign ownership and provide traceability. Each case of wine you purchase is assigned to your own unique storage account code and you will receive an automated email whenever a wine is added or removed from your account. The UID number can be seen in the photographs we take of your wine for further assurance/clarity.