Q & A
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How does VINEX reduce my risk of dealing with sellers?
The role of VINEX is to provide a secure trading Exchange where you can connect and successfully complete negotiations, supported by a sampling approval process.
VINEX reduces your risk and ensures legal, ethical and fairness in trading. We provide the following guarantees through to contract execution:
All members are authenticated at registration
Protection of anonymity is paramount
First Listing Approval
New member listings must be approved by VINEX
Compliance audits are conducted regularly
Comprehensive daily reports are monitored
Security and Privacy
Advanced technology provides secure protection
Trading activity is monitored and reviewed
Feedback is encouraged and reviewed
Member Ranking and Profile
All members are ranked by trading activity
Sampling Restrictions and Monitor
Requests are restricted for new members
Professional VINEX Support
VINEX is available for all members
Clearing and Settlement
Completed trades are subject to the trading rules
To buy wines, do I need to become a member?
Yes, you need to first register and receive VINEX approval.
Once approved, you can list your sourcing requirements, request samples from members responding to your listing, and complete a purchase.
To search the marketplace and request samples from another member's sell listing you first must upgrade your membership to Premium.
VINEX is a business to business market and therefore you must be a proprietor or a representative of an organisation in, or associated with the wine industry.
Your registration enables VINEX to verify your details, ensuring our verification assurance for members seeking to trade with you and vice versa.
Who are the sellers?
Sellers include cooperatives, independent producers, wine agents/brokers, contract winemakers, bottling companies, brand owners, exporters and wholesalers.
Members range in size from large to small, are located within or across multiple regions.
To trade using VINEX they have first had to be verified and approved by our administration team.
Each member has a VINEX profile that displays their membership status, country of origin and transaction history.
Can I source grape-based products, other than wine?
Yes. You can source, search for and purchase grape derived products, including juice, must, concentrate, flavoured wines, fortifieds and grape spirit.
In addition to searching the marketplace, you can also encourage suppliers to respond to your specific requirements by adding your own sourcing requirement listing.
VINEX Support can assist with more information, message us!
Can I add new listings to all three exchanges?
Becoming a free registered member allows you to add listings on the Main Exchange using one of the available trading methods except Pre-Harvest.
If your listing is for a limited premium quality/appellation wine, it will automatically appear in the VINEX Boutique listings, targeting premium suppliers.
Members who are Premium subscribed have access to the Direct (closed) Exchange, are able to trade Forward contracts and invite only preferred/accredited sellers to respond to specific buying requirements.
Access all areas of the markeplace today for £90. View all market intel, receive notification alerts, group your listings, utilise all trading methods plus the Direct (by invitation only) Ex for 90 days.
What fees do I pay to complete a purchase?
None. You will not be invoiced any fees on completing a purchase. However, you must first register and receive VINEX approval to enter the market.
If you want to search listings and place bids, make counter-offers or request samples on wines listed by other members you must first upgrade and subscribe for Premium access.
Fees & Rates Summary
- No Listing or Contract Fees
- Membership Subscription Fees Apply
- Pre-Harvest Forward Contract Fees Apply
- Listing Promotion Fees are optional
- Fulfillment service fee is optional
- Fees may apply for other VINEX services, eg. Freight Quotes
How does the Direct Exchange work?
The Direct EX is available to invited Premium members only.
Here you can add a sourcing requirement and restrict your universe of suppliers to only those in the industry you know or would like to discretely approach.
Your listings are locked and restricted in view (no price, volume details or technical specifications are displayed).
Through your listing, you can confidentially invite up to 8 suppliers per listing (search by Country and Company Name) to respond with offers. This enables you to pre-qualify the suppliers you would like to notify and confidentially source supply from.
The Direct Exchange provides you with control and efficiency, whilst creating competitive tension amongst those suppliers invited to respond to your sourcing requirements.
Your member anonymity is retained throughout to ensure a fair and unbiased negotiation, including sampling to objectively secure best available supply.
Can I request samples?
Yes. Sampling is obviously vital in completing a successful purchase and many suppliers will provide samples on request and several style options.
If a supplier chooses not to provide samples when listing and negotiating with you, they must still supply a final sample and technical specification declaration for your approval after completing a trade, as part of the Clearing & Settlement process.
All completed trades are subject to your approval of a final sample (if applicable) and specification declaration. A member's first sample request must be approved by VINEX.
What are the 5 Quality Levels A - E?
The quality levels ranging from A - Luxury down to E - Generic are broad categories within which wines must be classified to provide an indication of quality.
Just as price may also indicate a quality assessment, the A - E categories are another convenient way to search and compare wines of interest.
Of course, you will ultimately make your own determination as to the quality, style and value of a wine.
The Boutique Exchange is only relevant for wines within the quality grading levels of A-C and / or contains at least 85% content from a single region.
Below are some guidelines to consider when listing your wine requirements and selecting an appropriate quality level.
|A - Luxury||Wines showing exceptional concentration of flavor, structure and character. Suitable for iconic wine brands, generally released following extended maturation.|
|B - Premium||Wines showing outstanding regional or varietal characters, with impressive structure and character. Suitable for aspirational wine drinkers, released after limited maturation.|
|C - Reserve||Wines showing sound regional or varietal characters without the flavour weight and structure of Premium quality. Suitable for the occasional wine purchase.|
|D - Commercial||Wines showing an approachable varietal character with less structure and weight than Reserve quality or above. Suitable for everyday drinking.|
|E - Generic/Other||This quality level is for generic (entry-level) wine, flavoured wine, must, juice, concentrate, spirit, tannin and all other grape-based products.|
What is VinScore?
VinScore is an independent evaluation service provided by VINEX's qualified tasting experts.
The service is only available for bulk 'Finished Bottle-Ready' and 'All Bottled' wines. Each wine is given a rating (within its quality level) out of 5.0.
It’s an objective assessment designed to assist you by providing a valuable unbiased filter to compare and select wines and save time.
Sellers are not obligated to purchase or display a VinScore rating.