Liv-ex is the global marketplace for the wine trade with over 600 members worldwide, meaning that you can plug directly into a global network to source and trade wine. Trading with this many members does not need to be a burden, as Liv-ex acts as the single counterparty for all your logistics needs.
You only deal with one trusted partner, Liv-ex.
Logistics in the wine industry can be complex and cumbersome; particularly when it comes to exporting and importing wines on the secondary market. When you trade on Liv-ex, we take on these time-consuming and complicated steps, removing risk and reducing the barriers to trade.
Once the bid and offer are successfully matched on our trading platform, we follow a standardised post-trade process to ensure efficient and safe receipt, handling and payment of the transaction.
So how does it work?
- We collect stock from the seller’s warehouse/ or the seller delivers directly to one of the Liv-ex warehouses in either London, Bordeaux or Belgium
- The warehouse team validates the wine ensuring that it complies with the Liv-ex contract
- We invoice the transaction and the seller is paid
- The buyer pays and the wines move to their account at their designated Liv-ex warehouse
Reducing Risk
To keep our exchange safe, each prospective Liv-ex member undergoes a thorough vetting process; two trade references are required, and an Exchange Committee is in place to assess every prospective member.
Liv-ex trading contracts ensure buyers know the condition of wines, delivery parameters and packaging before you bid on wine, so you know what you’re getting with no surprises. Our benchmark SIB contract (Standard in Bond) requires the wine to be in good condition, that packaging is original and in good condition, and that the duty status is In Bond, meaning the buyer can receive their wine in 14 days.
Liv-ex facilities
Our wine storage facilities include state-of-the-art security and climate control systems to ensure wines are protected around the clock. Members can store their wines in our warehouses pre and post trade, before deciding whether to trade again or ship onwards.
When thorough checks are required, we take the bottles out of cases to photograph them. We use ultraviolet torches to check the labels as well as checking them for other producer specific anticounterfeiting measures such as microprint, holograms and QR codes. We inspect capsules, including checking any prooftags. And we also check the cork, sediment and glass embossing or laser etching.
Payment
We understand that sellers require prompt payment, and buyers expect fast delivery. We have a standardised payment calendar so that sellers know exactly when they will be paid. And an individual stock management portal so that buyers can access live updates on their purchases and arrange onward movement of their stock as soon as it hits their account.
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