Cask Trade Disclaimers

  1. Cask Trade Ltd is not authorised or regulated by the FCA (Financial Conduct Authority). Whisky casks (as well bourbon and rum) are not an investment of a specified kind within the scope of the Financial Services and Markets Act 2000 nor is it a controlled investment subject to Section 21 of the Financial Services and Market Act 2000 and the Financial Promotion Order. Any and all information provided by Cask Trade Ltd relates to whisky and its value. Cask Trade Ltd does not deal with “options”, futures or any regulated investments of a specified kind under the Financial Services and Markets Act 2000. No information provided should be deemed to constitute the provision of financial investment or other professional advice subject to regulation under the Financial Services and Market Act 2000.

 

  1. This is an unregulated product and therefore investing in Whisky, does not afford the same protection as regulated products, any investment is, therefore, speculative. The value of your purchase may go down as well as up, and you may not get back the original amount invested.

 

  1. The purchase of whisky casks (as well as bourbon and rum) described or recommended in our marketing materials or on the website may not be suitable for all people. You should seek your own professional advice as to the suitability of any such purchase before you enter into any transaction.

 

  1. Any information relating to past performance of whisky (as well as bourbon and rum) is not necessarily a guide to future performance. Due to many unforeseen variables’ projections may not be achieved. There is no official or regulated index for whisky casks (as well as bourbon and rum), and therefore valuations are subjective and based upon our and industry-wide historical data and expert professional knowledge. Cask Trade Ltd, nor any of its Directors or Employees, cannot be held responsible for market fluctuations and conditions for the price of whisky (as well as bourbon and rum) resulting in any potential loss to the investor.

 

  1. Once a sale is deemed final, no returns will be accepted, or refunds made, and the buyer hereby accepts and waives any claims he/she may have under English law or otherwise.

 

  1. All casks must only remain in HMRC government bonded warehouse facilities. They cannot be delivered or moved outside these facilities. Casks of maturing Scotch whisky must remain maturing in Scotland.

 

  1. Whisky casks (as well as bourbon and rum) are sold on a first come, first serve basis.

 

  1. We do not offer shared ownership options; all casks must be held under one name.

 

  1. We do not have the facility to offer credit. We are not a credit broker or finance provider.

 

  1. All payments are due in full by return on presentation of the invoice without any deduction by way of a set-off, counterclaim, discount, abatement or otherwise. No action will occur until cleared funds are received into the company bank account. If cleared funds are not in our account within 7 days (1 week), we reserve the right to cancel the order and re-list the casks.

 

  1. All payment shall be made in British Pound Sterling and the agreed price is due in full at the time the offered price is accepted and confirmed by invoice, unless agreed otherwise in writing. All bank charges are payable by the client.

 

  1. Should the cask ultimately be bottled, both Duty and VAT are due before the whisky, bourbon and rum has been bottled and the finished goods are removed from the HMRC bonded warehouse. This is payable by the client.

 

  1. Duty and VAT are due before the finished goods leave the government bonded warehouse.

 

  1. All casks are numbered and held in your name under the Cask Trade Ltd WOWGR licence, unless prior agreement has been made between Cask Trade Ltd and you, the Client, for the storage of casks with a third-party warehouse under a private account.

 

  1. Cask Trade Ltd may request samples on your behalf from our suppliers and bonded warehouse operators. The standard size sample is 10cl, and costs may vary between warehouse operators. The Client will accept to cover all costs of procuring samples, including duty and delivery. Due to the nature of individual warehousing, we cannot guarantee a set time frame.
  2. Insurance policies vary between warehouses. Not all warehouses provide insurance. Where insurance is provided, it is only 3rd party, fire and theft. It is the responsibility of the client to provide their own insurance for each cask specifying the level of insurance that they require. This should be reviewed on a regular basis to cover increase in value. Cask Trade Ltd is not an insurance adviser or broker but can provide a quote to insure your cask under the Cask Trade Ltd block policy.
  3. Cask Trade is not responsible for any natural, or unnatural, loss of liquid or alcoholic strength which may occur during cask storage and movements. The ‘angel’s share’ is part of the natural process of maturation and is evaporation of both water and alcohol from a whisky cask. The rate of evaporation varies between casks and warehouses.