Role of Delivery Orders in Whisky Cask Investment
The role of Delivery Orders in whisky cask investments may seem like a small detail. It's certainly a detail not often talked about. But it is, in fact, a vital document that helps make cask ownership and control transparent and straightforward. In this article, we're going to talk about the humble yet important Delivery Order.
What is a Delivery Order?
A Delivery Order is an official document issued by a distillery, warehouse, or broker. It documents the transfer of ownership or control of a whisky cask from one person, or entity, to another. Think of it as a legal document that summarises where a whisky cask is moving from, and where to. Crucially, it acts as proof that the buyer of the cask is the new owner of that cask.
So the Delivery Order acts, in effect, as a title deed for a whisky cask. While you may not physically receive the cask, given it has to age in a government-backed bonded warehouse, it does prove you own the cask.
Why is a Delivery Order Important in Whisky Cask Investment?
As with any investment, whisky casks are bought from one individual, owned by another, and may eventually be sold to a third. In fact, ownership of a whisky cask can be transferred multiple times before it is eventually bottled. Delivery Orders are proof of ownership throughout this process. They are the key evidence that shows who owns what cask at what point in time.
How to ensure your Delivery Order is real
Given the importance of a Delivery Order, it’s crucial to ensure that the document you receive is legitimate. Here are a few tips to make sure your Delivery Order is, well, in order!
- Work with Reputable Brokers and Distilleries. Make sure you’re buying whisky casks through trusted distilleries or brokers.
- Check for the key details. A proper Delivery Order should include: the full name of the buyer and seller; the cask reference number; details of the whisky; the warehouse where it's stored; and the date of transfer.
- Confirm with the Warehouse. Once you've got the Delivery Order, an extra check can be to confirm with the bonded warehouse that the cask has been registered under your name.
Get Delivery Orders for every cask you buy
A Delivery Order may seem like a small piece of paper. But it is crucial in proving you own your cask. And, as a key piece of evidence, it therefore underpins your whisky investment.
Here at Spiritfilled, we supply Delivery Orders for all our whisky casks. So if you're interested in whisky cask investments, contact our experts today. And, if you'd like to read more about cask ownership you may enjoy our free guide to whisky cask investment.