Important Vine updates
Everything you need to know about Vine’s award-winning logistics and settlement services can now be found in one document. Containing key updates on Vine services and prices, a full copy of the document can be found below:
Key changes:
1. Prime services are now available to all members, and are no longer restricted to sellers based in Prime regions.
2. Vine has updated the prices for Liv-ex Prime and some warehouse services.
3. The document now includes details on how you can integrate your stock management system with Vine to automate your processes.
Independent stock audit
In November, Vine invited Venners – a specialist independent stock taking company – to conduct an
audit of the
Tilbury warehouse. The results of the audit concluded that “it is obvious that much pride is taken in the cleanliness and layout of the warehouse as all areas were extremely well organised. The temperature of the warehouse appeared to be a stable 13/14 degrees centigrade, ideal for storage conditions”.
In summary, according to Venners:
“All in all the standard of warehousing and storage is high and it appears that Vine is still setting the bar for which others may aim” – Venners
Earlier this year, Liv-ex received the supply chain initiative of the year award by the drinks business for its SIB (Standard in Bond) Passport and Instant Transfer services. Both initiatives enable stock to be traded without being physically moved, which reduces costs as well as the risk of damage.
The SIB Passport is an electronic certificate issued by Vine to confirm that a case of wine meets industry standards.
The Instant Transfer is for customers that use Vine’s online stock management system, and is available to all Liv-ex members.For more information on SIB Passports and Instant Transfer, click here.
We hope that you found this information useful. For more information please contact your Vine Manager, email [email protected] or call +44 (0)20 7062 8788.
