Terms of trade.

01 Purchase

Any agreement to purchase from Vinadamo LTD will be followed by an invoice as written confirmation of the sale. Clients agree to the terms set out in this document by paying the funds.

02 Payment

Payment is agreed at the same time as the purchase of stock and detailed on the invoice. Please speak to a member of the accounts team to arrange your preferred payment method.

03 Consumer protection

In accordance with the Consumer Protection (Distance Selling) Regulations 2000 and the EU Consumer Rights Directive 2011, any cancellation of goods must be made in writing within 14 days. En Primeur orders are not subject to cancellation.

04 Storage

Vinadamo LTD automatically arranges storage on behalf of clients in segregated accounts under bond, where all wine is fully insured by the storage facility. Alternatively, clients may provide the details of a personal account in which they would like their wine stored. Wine stored in Vinadamo LTD client accounts incurs no cost for the first 5 years, subject to £8 per case per year thereafter.

05 Delivery

Bottled wine will be delivered to personal and segregated accounts within 365 days of purchase. For En Primeur purchases, the client is given an anticipated delivery date into bond, along with a receipt confirming their purchase.

In the case of stock delivered in error, Vinadamo LTD will offer to either reimburse funds at current market value in the same manner as the original payment, or replace the stock with equivalent goods, within up to 365 days of any dispute being formally raised in writing. This does not affect statutory rights consumers may have under UK law, including under the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013.

06 Ownership

Clients take full ownership of all wine purchases upon payment in full to Vinadamo LTD.

07 Fees and sales

Vinadamo LTD charges a 10% fee on the net profit made on sales. All stock prices are determined in-house and subject to a commercial mark-up and purchase premium - covering sourcing, transportation and delivery, availability, storage costs, operational costs and a net profit to Vinadamo on each transaction. We acknowledge the same wine or champagne may be available elsewhere at a lower or higher price.

Vinadamo LTD recommends a 5-year hold for all investment-grade wine and structures sales accordingly. Any funds invested through Vinadamo are considered “risk capital” - funds a client can hold illiquid for five years, understanding they may sustain a significant capital loss through a combination of depreciation and commercial mark-up. (For more on wine and champagne pricing, see wine-searcher.com.)

08 Force majeure

Vinadamo LTD will not be held liable for any failure to meet our obligations due to circumstances outside of our control.

09 Governing law

Any agreement between the client and Vinadamo LTD (12250707) is governed exclusively under English law and subject to the UK courts.

10 Risk warning

The value of wine can go up as well as down, and Vinadamo charges a premium for stock based on market conditions. A client should only invest a sum they are comfortable holding illiquid for five years, with funds they consider risk capital.