bulk sales terms

PRICING

1. Prices are firm. 

2. Prices do not include

   1. Barrel removal

   2. Barrel draining

   3. Bulk loadout

   4. Empty barrel removal/handling

   5. Barrel palletizing

   6. Barrel pallets

   7. Transportation fees from current storage location to bonded location

   8. Barrel storage fees at bonded warehouse after receipt of cash and Barrel Ownership Transfer Form

   9. Sample testing for analytical or quality control purposes

   10. Excise taxes

   11. Insurance after completion of Barrel Ownership Transfer Form

   12. Transfer-In-Bond creation

   13. All associated fees at Valhalla Fund, Inc. facilities are responsibility of Buyer

3. Please reach out to Valhalla Fund, Inc. to discuss options and costs for transportation and warehousing solutions

4. Sellers Fees will not be paid by Valhalla Fund, Inc. 

5. Inventory will continue to be marketed until full cash payment is received.

6. Due to ongoing sales, please check availability with Valhalla Fund, Inc. prior to accepting funds from clients.

7. No down payments or reserve funds will be accepted to “hold” barrels.

PAYMENTS

1. Only same day wire transfers or Same Day ACH for payment are accepted.  Standard ACH is not accepted.

2. A separate wire transfer must be made for each Bulk Sale Agreement/Transaction.   Payments cannot be combined.

MINIMUM ORDER QUANTITY

1. The minimum number of barrels per single order of aging inventory is four (4)

2. The four (4) barrel MOQ must come from a single DSP/Producer.

3. The four (4) barrel MOQ only applies to those barrels where no sample was requested

4. Ten (10) barrel MOQ for orders where samples are requested

SAMPLE REQUESTS

1. If samples are requested, there is a Ten (10) barrel minimum order quantity (MOQ)

2. Unless otherwise requested in writing, sample size is 1 x 200ml per lot.

3. Liquid samples are representative of the lot requested, or comparable lot.  

4. Liquid samples are not representative of, nor a guarantee of, a specific barrel. 

5. Valhalla Fund, Inc. cannot support single barrel pick programs. Allow 2-4 weeks for receipt of sample, after request has been submitted.

6. Once ownership of barrels are legally transferred to the customer, Valhalla Fund, Inc. is no longer responsible for additional sample pulls.

LIQUID VOLUME GUARANTEE

1. Percentage loss (Angels Share) on any age of barrel is not guaranteed. 

2. Individual barrels (or pallets) will not be weighed prior to shipment.

3. Only thoroughly documented (via detailed video) empties will be reimbursed at original purchase price or similarly situated lot.

4. For complete verification, head must be removed from the barrel to accompany the video documentation.

5. Claim for empty barrels must be made within sixty (60) days of ownership transfer or physical receipt of barrels, whichever occurs first.

6. “Empty” barrel is defined as follows:  A barrel containing no amount of liquid upon physical receipt.

7.         Valhalla Fund, Inc. reserves the right to determine whether a reimbursement or replacement for empty barrels is suitable.

WAREHOUSING

1. Broker/Buyer must have an existing bonded storage agreement in place, at current warehousing location

2. Barrel Ownership Transfer Form(s) will not be completed or acted against without an existing warehousing agreement at current barrel warehousing location.

3. Bonded storage agreement with warehousing location must be executed prior to transfer of funds.

4. Barrel storage agreement (Valhalla Fund, Inc. Services Agreement) with warehousing location must exist in the same legal entity as listed on both the Bulk Sales Agreement, and the Barrel Ownership Transfer Form.

5.         TX Whiskey Ranch barrels must be removed within 30 calendar days of sale.

LOGISTICS

1. Logistics scheduling and arrangement is responsibility of Buyer

2. Transfer In Bond creation from Non-Valhalla Fund, Inc. facilities is responsibility of Buyer

3. Bill of Lading creation from Non-Valhalla Fund, Inc. facilities is responsibility of Buyer

4.   Any damage/liquid loss that may occur during loading or transit is the responsibility of Buyer

BULK SALES AGREEMENT (BSA)

1. Bulk Sales Agreement(s) must list the legal entity (countersigned) and match the name from whom the cash is received by Valhalla Fund, Inc.

2. Barrel Ownership Transfer Forms (Ownership Transfer Forms) for barrels must match the legal entity (countersigned) from whom cash is received by Valhalla Fund, Inc.

OWNERSHIP TRANSFER

1.         Allow five (5) business days for completion of legal barrel transfer (Barrel Ownership Forms) after written confirmation of cash receipt.

INSURANCE

1. Insurance coverage on barrels ends on date of Barrel Ownership Transfer Form completion