‘RWB Drinks Ltd’ trading as ‘Dolium’
Company Number: 11282062
VAT Number: 294 735561
WOWGR Number: GBWK294735500
AWRS: XWAW 000 0011 3482
Company Address: Whisky House, Unit 3, 2 Newhams Row, London, SE1 3UZ
Telephone Number: +44 (0)204 602 7358
Email: info@doliumholdings.com
1.1 By placing an order for goods either verbally or in writing you confirm that you have read and understood our ‘terms and conditions’ and ‘privacy policy’ as displayed on our website (www.doliumholdings.com).
1.2 Potential buyers should be aware that cask rum purchase is not authorised or regulated by the FCA (Financial Conduct Authority). Rum is not an asset under the scope of section 21 of the Financial Services and Markets Act 2000 nor is it subject to the Financial Promotion order. The information we provide relates solely to the buying and selling of rum casks and does not constitute ‘advice’ subject to regulation under the FCA (Financial Conduct Authority).
1.3 The purchase of rum casks is not suitable for everyone. A cask purchase should be properly assessed, and professional advice sought as to the suitability to the buyer based on their financial circumstances and objectives.
1.4 This website and other branded marketing materials should not be regarded as an offer of solicitation to conduct regulated finance business.
1.5 The buying and selling of cask rum falls under regulation by HMRC.
1.6 No one under the age of 18 years is permitted to purchase alcohol. We will confirm the age of all applicants prior to purchase.
1.7 Cask rum is a tangible product (alcoholic beverage) and is therefore governed by English Law:
2.1 Rum cask purchasing is a medium to long term purchase. This means that purchasing should be made for a minimum initial term of 5-10 years.
2.2 Purchasing rum casks should be considered a ‘high risk’ purchase and therefore present the risk of a loss of capital. Rum returns fluctuate and are dependent on market conditions and tax laws at the time of sale.
2.3 Past performance is not an indicator of future performance.
2.4 You should not purchase any asset or product unless you understand the extent of your exposure to risk. You should be satisfied that any product or service is suitable for you in light of your financial position and purchasing objectives. We recommend that you seek appropriate independent, legal, and tax advice in advance of making any decisions.
2.5 Please note that when you decide to sell your cask(s) after at least 5 years Dolium will charge 5.5% – 10% of realized profits. Should you exit within the 5-year minimum term inclusive of any Delivery Order (DO), you will be subject to a 20% charge of the total sale value within the first 2 years and 10% of the total sale value from year 3 – 5.
2.6 Dolium is under no obligation to repurchase cask(s); however, Dolium will endeavor to have first refusal and will certainly guide the cask owner through the 6 available exit strategies at that time.
2.7 When a client purchases a cask through us, they have 2 options of cask ownership:
2.8 Information in our brochure and on our website are purely there to inform prospective clients about the nature of the Scottish rum industry and the potential benefits of cask rum ownership so that potential purchasers can make an informed decision. This decision should be based on a potential purchaser’s financial position, attitude to risk, and acceptance of our terms and conditions.
If you wish to speak to us further or have any questions regarding the cask buying process or any points raised on our website or contained in the Rum Guide, please contact us. We want all of our clients to have the best possible experience.
3.1 ‘Dolium’ provides 5 years of free storage and insurance from the date of purchase of your cask(s). Costs thereafter are currently £65.00 per year, per cask. These prices are subject to change.
3.2 All purchased rum casks are insured against fire, theft, and accidental damage under a policy held by the HMRC-licensed warehouse in which the cask is stored. Natural evaporation known as the ‘Angel’s Share’ is not covered by insurance.
3.3 ‘Dolium’ recommends that a regauge (health check) is undertaken on a cask every 3-5 years. All regauge services including regauging and samples are chargeable to the individual cask owner.
3.4 ‘Dolium’ will handle the storage and safekeeping of all casks in our possession. In the unlikely event that casks are out of condition, it will be at the Company’s discretion whether replacements be made available without obligation.
3.5 Please note that should you wish to sample (above 200ml per year) or bottle your cask(s), both duty and VAT will be due before the rum has been bottled and the finished goods are removed from the HMRC-licensed warehouse. This is solely the responsibility of the cask owner.
4.1 Casks are offered, subject to remaining unsold, and cannot be reserved without a 10% deposit.
4.2 Dolium does not offer shared ownership options. All casks must be held in one name only.
4.3 Payment for cask purchase is due on the date of the invoice unless otherwise agreed prior in writing.
4.4 Title to all products shall remain with RWB Drinks Ltd (trading as Dolium) until all sums due are paid in full.
4.5 In the event of non-payment of an account within the specified terms, the Company reserves the right to charge a cancellation fee of up to 20% of the outstanding amount due, or the actual losses incurred by RWB Drinks Ltd as a result of cancellation if greater than 20%.
4.6 We accept payment by bank transfers and cheque only. Small deposit payments may be accepted over the phone by debit card; credit cards are not accepted.
4.7 Dolium does not offer credit facilities. We are not a credit broker or finance provider.
4.8 All prices unless otherwise stipulated are in Pounds Sterling, per item or per cask as indicated, exclusive of HMRC-licensed warehouse delivery charges, exclusive of VAT & duty, and are subject to our confirmation, upon acceptance of the order.
5.1 Once a sale has been completed, no returns will be accepted or refunds made.
ORDERS
6.1 The placing and acceptance of verbal and written orders shall form a contract on these terms, conditional upon our written confirmation of order. All products are sold from HMRC-licensed warehouses. Export customers can be put in contact with a suitable freight forwarder.
7.1 We undertake to facilitate the storage and safekeeping of all products in our possession. In the unlikely event that casks are out of condition or faulty, it will be at the discretion of RWB Drinks Ltd that replacements be made available. We are meticulous with regard to provenance and storage conditions, so problems of this nature are extremely rare.
8.1 All our contracts are made under English Law and are subject to the exclusive jurisdiction of the English Courts.
8.2 You confirm that you are over the age of eighteen years old. It is against the law to sell alcohol to someone under the age of 18.
8.3 Your rights under this contract may not be transferred or assigned to a third party without our express consent.
9.1 Dolium shall not be liable for any failure to meet our obligations occasioned by circumstances beyond our reasonable control. These include, but are not limited to:
10.1 We may, without notice, alter or amend the Company terms and conditions. Any such changes will be posted on our website.
11.1 We employ the use of cookies. By accessing Dolium, you agreed to use cookies in agreement with Dolium’s Privacy Policy.
Most interactive websites use cookies to let us retrieve the user’s details for each visit. Cookies are used by our website to enable the functionality of certain areas to make it easier for people visiting our website. Some of our affiliate/advertising partners (Vintage Bottlers Ltd, Vintage Whisky Club Ltd, and Campbeltown Bond Limited) may also use cookies.
12.1 Unless otherwise stated, Dolium and/or its licensors own the intellectual property rights for all material on Dolium. All intellectual property rights are reserved. You may access this from Dolium for your own personal use subjected to restrictions set in these terms and conditions.
13.1 Republish material from Dolium
13.2 Sell, rent or sub-license material from Dolium
13.3 Reproduce, duplicate or copy material from Dolium
13.4 Redistribute content from Dolium
This Agreement shall begin on the date hereof.
Parts of this website offer an opportunity for users to post and exchange opinions and information in certain areas of the website. Dolium does not filter, edit, publish, or review Comments prior to their presence on the website. Comments do not reflect the views and opinions of Dolium, its agents, and/or affiliates. Comments reflect the views and opinions of the person who posts their views and opinions. To the extent permitted by applicable laws, Dolium shall not be liable for the Comments or for any liability, damages, or expenses caused and/or suffered as a result of any use of and/or posting of and/or appearance of the Comments on this website.
Dolium reserves the right to monitor all Comments and to remove any Comments which can be considered inappropriate, offensive or cause breach of these Terms and Conditions.
14.1 You are entitled to post the Comments on our website and have all necessary licenses and consents to do so;
14.2 The Comments do not invade any intellectual property right, including without limitation copyright, patent, or trademark of any third party;
14.3 The Comments do not contain any defamatory, libelous, offensive, indecent, or otherwise unlawful material which is an invasion of privacy;
14.4 The Comments will not be used to solicit or promote business or custom or present commercial activities or unlawful activity.
You hereby grant Dolium a non-exclusive license to use, reproduce, edit, and authorize others to use, reproduce, and edit any of your Comments in any and all forms, formats, or media.
15.1 The following organizations may link to our Website without prior written approval:
15.2 Online directory distributors may link to our website in the same manner as they hyperlink to the Websites of other listed businesses and system-wide Accredited Businesses except soliciting non-profit organizations, charity shopping malls, and charity fundraising groups which may not hyperlink to our Website.
15.3 These organizations may link to our home page, to publications, or to other Website information so long as the link: (a) is not in any way deceptive; (b) does not falsely imply sponsorship, endorsement, or approval of the linking party and its products and/or services; and (c) fits within the context of the linking party’s site.
15.4 If you are one of the organizations listed above and are interested in linking to our website, you must inform us by sending an e-mail to Dolium. Please include your name, your organization name, contact information as well as the URL of your site, a list of any URLs from which you intend to link to our Website, and a list of the URLs on our site to which you would like to link. Wait 2-3 weeks for a response.
15.5 Approved organizations may hyperlink to our Website as follows:
15.6 No use of Dolium’s logo or other artwork will be allowed for linking absent a trademark license agreement.
17.1 Without prior approval and written permission, you may not create frames around our Webpages that alter in any way the visual presentation or appearance of our Website.
18.1 We shall not be held responsible for any content that appears on your Website. You agree to protect and defend us against all claims that are rising on your Website. No link(s) should appear on any Website that may be interpreted as libellous, obscene or criminal, or which infringes, otherwise violates, or advocates the infringement or other violation of, any third party rights.
19.1 Please read our Privacy Policy.
20.1 We reserve the right to request that you remove all links or any particular link to our Website. You approve to immediately remove all links to our Website upon request. We also reserve the right to amend these terms and conditions and its linking policy at any time. By continuously linking to our Website, you agree to be bound to and follow these linking terms and conditions.
21.1 If you find any link on our Website that is offensive for any reason, you are free to contact and inform us at any moment. We will consider requests to remove links but we are not obligated to or so or to respond to you directly.
21.2 We do not ensure that the information on this website is correct, we do not warrant its completeness or accuracy; nor do we promise to ensure that the website remains available or that the material on the website is kept up to date.
22.1 To the maximum extent permitted by applicable law, we exclude all representations, warranties, and conditions relating to our website and the use of this website. Nothing in this disclaimer will:
22.2 The limitations and prohibitions of liability set in this Section and elsewhere in this disclaimer: (a) are subject to the preceding paragraph; and (b) govern all liabilities arising under the disclaimer, including liabilities arising in contract, in tort, and for breach of statutory duty.
22.3 As long as the website and the information and services on the website are provided free of charge, we will not be liable for any loss or damage of any nature.
Dolium Holdings is a dedicated team of Rum enthusiasts specializing in Rum casks.
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