Liv-ex provides an outsourced logistics service to facilitate the settlement of trades. All services are provided on a best endeavours basis. While we are proud of the quality, accuracy and efficiency of the services we provide; owning, storing and transporting fine wine carries risks and is not immune to human error. Liv-ex offers a range of services, including third party insurance, to help you mitigate and manage these business risks. However, this document should not be mistaken for a guarantee or to imply that Liv-ex is underwriting your business risks. These lie with you at all times. Unless specifically stated that a risk is covered, we suggest that you assume that it is not. Liv-ex is trading under UKWA and BIFA standard terms & conditions and our liability is limited by these terms.
Liv-ex provides an outsourced logistics service to facilitate the efficient settlement of trades on the global marketplace. Here you’ll find details of our charges, our collection, delivery and insurance options, our terms and conditions, and risk statement.
Tariffs (from October 2022)
Settlement fees
Price per unit (HKD) | |
Delivery to Liv-ex London/Bordeaux/Belgium | $84.15 |
Collection from Liv-ex London/Bordeaux/Beaune (JFH)/Belgium | $84.15 |
Liv-ex collects from you EU (except) Switzerland | $176.72 |
Liv-ex collects from you (Switzerland) | $260.76 |
The settlement fee includes storage on purchases for three months, insurance and handling fees.
Standard charges
Storage | Trading Tariff* | Standard Tariff |
London/Bordeaux/Belguim per month or part thereof per unit received | $8.66 | $17.33 |
Hong Kong per week or part thereof per unit received | $113.85 | $227.70 |
Handling fees (incl. Instant transfers) | Trading Tariff* | Standard Tariff |
Goods in | $21.04 | $42.08 |
Goods out | $21.04 | $42.08 |
* Trading tariffs apply for members who regularly trade on Liv-ex. Standard tariff applies to those who don't.
All prices are per unit
Optional charges
SIB Passport and photos | Trading Tariff* | Standard Tariff |
SIB Passport and photo **recommended | $153.56 | $307.13 |
Photo only/Duty Paid photos | $153.56 | $307.13 |
**(1) For wines sold on the exchange whilst the passport is valid this charge is credited. (2) If requested pre arrival this includes the in/out handling charge and 3 months storage worth up to HK$81.11
Insurance |
Please see below |
Repacking charges | Trading Tariff* | Standard Tariff |
Replacing damaged lids | $170.78 | $341.55 |
Repacking into plain cardboard case | $170.78 | $341.55 |
Styrofoam cases | $170.78 | $341.55 |
Export documents | Trading Tariff* | Standard Tariff |
Standard commercial invoice and packing list | $563.06 | $1,126.13 |
Certificate of origin per certificate | $736.31 | $1,472.63 |
Courier admin fee per DHL, FedEx or similar | $563.06 | $1,126.13 |
Stock take services | Trading Tariff* | Standard Tariff |
Requested stock take $390 minumum charge | $13.61 | $27.23 |
Part of Liv-ex annual stock take audited by Venners or similar | $8.10 | $17.33 |
Any additional labour services not stated here will be charged at HK$699.19 per hour (Trading Tariff) / HK$1,398.38 (Standard Tariff) - minimum 4hr charge.
All prices are exclusive of UK VAT and are subject to change.
Risk statement
Liv-ex insurance
We offer a three-tiered insurance policy. Please read the below options carefully and the insurance document provided so that you can choose which cover is best for you. Our liability is limited to that of BIFA and UKWA.
Option 1: No insurance
To opt out of insurance, please contact your Account Manager.
Option 2: Standard insurance (default option)
HK$178.20 per month (Trading Tariff) / HK$341.55 per month (Standard Tariff) policy fee plus 0.020% of average monthly stock value. Please read our insurance policy for more information.
Option 3: Premium insurance
HK$178.20 per month (Trading Tariff) / HK$341.55 per month (Standard Tariff) policy fee plus 0.0275% of average monthly stock value.
A basic example of our premium insurance can be found below.
- Your cellar has an average monthly value* of 1,000,000 HKD. Maximum settlement in the event of a total loss would be up to 1,500,000 HKD.
- In the event of a partial loss i.e. 1,000 HKD according to the Liv-ex market value, there is a 50% uplift, so the claim would be up to 1,500 HKD.
Please read our insurance policy for more information.
*All valuations are to the Liv-ex market value at the time of incident / loss. In any event the claim would be no greater than the loss suffered. Where a claim is made under the Premium insurance for more than the Liv-ex market value, you will need to provide evidence to justify the increased amount.
Collections and deliveries
UK deliveries
Standard UK deliveries and collections occur during working hours. For details, please see the tariff below: UK distribution tariff 2024
For more information on UK deliveries, including express and same day delivery, please see our website.
European collections
In order to use the European collections services, you will need to follow the packing instructions below:
To find out if you qualify for this service, please speak to your account manager.
Hong Kong deliveries for purchases on the exchange
Prices for our weekly air freight to Hong Kong are as follows and subject to change:
- $435.60 per unit
For wines not purchased on Liv-ex, there will be a minimum charge of $2,325.00 per order.
Terms and conditions
A fair usage policy exists for our services which we consider to be for trading on Liv-ex or wines intended for storage in our facilities. This will be used at our discretion.
All storage services provided are handled under and subject to United Kingdom Warehouse Association terms and conditions.
United Kingdom Warehousing Association (UKWA)
Contract conditions for logistics
All transport services provided are handled under and subject to British International Freight Association terms and conditions.
British International Freight Association (BIFA)
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