All wines are sold ex Vine, Tilbury, UK. Onward delivery charges, duty and VAT will be charged as appropriate upon shipment. Export customers can be put in contact with a suitable freight forwarder.
Wines are offered for sale under bond, but some are available duty paid. Those required for UK home use are subject to duty and VAT at the prevailing rates. Duty paid wines for export must be exported from the UK within 30 days of invoice or else UK VAT will be payable by the customer.
Unless an account facility is held payment is due upon invoice.
In the event of non-payment of account within the specified terms, Watermark Fine Wine Limited (hereafter “Watermark”) reserves the right to charge a cancellation fee of up to 20% of the outstanding amount, or actual losses incurred by Watermark as a result of cancellation if greater than 20%. Watermark reserves the right to utilise any monies held on account or otherwise received from or on behalf of the customer to discharge any such cancellation fees.
Watermark shall be entitled to charge interest on unpaid invoices at 5% over Bank of England base rate from the date payment was due.
Watermark shall be entitled to sell any wines which it is holding or storing on behalf of a customer to discharge outstanding invoices (whether on account of cancellation fees, interest or otherwise). Watermark will account to the customer for any cash balance held after discharging all outstanding invoices.
Title to all wines shall remain with Watermark until all sums due from the buyer are paid in full
Watermark will not be liable for failure to meet agreed obligations due to prevailing circumstances beyond its reasonable control.
All contracts are subject to English law and jurisdiction. All wines are offered subject to market movement and remaining unsold.