.... what does the term "in bond" mean? I read this all the time in Decanter,
mostly, but not exclusively, concerning Bordelais wines - and, apparently,
always in lots of 12. I would guess that it ahs something to do with primeur
deals, wine that is not immeditaely available, and, perhaps, not yet
subjected to VAT ... an explanation would be welcome.

Cheers and TIA

Nils Gustaf

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Respond to nils dot lindgren at drchips dot se

"Nils Gustaf Lindgren" > wrote in message
...
> ... what does the term "in bond" mean? I read this all the time in
Decanter,
Hi Nils
I'd associate that with th Norwegian expression 'frihavn' equivalent to
'free port' meaning that imported goods stay untaxed in the storage until
they are de facto imported and then you'll have to pay duties. Such goods
may be reexported without any hassle, I understand, and while in this port
storage the value is less than with the potential future taxes so your
expenses may be lower (less capital bound)
Anders