En Primeur also known as Wine Futures refers to the process of buying wines before they are bottled and released onto the market. Wines are usually delivered 2-3 years after the vintage, in unmixed case of 6 or 12 bottles.

The main advantage of buying en primeur is to purchase a wine at the initial release price. Some wines are seldom available commercially or will be more expensive if bought later on. The opening En Primeur price is almost always considerably cheaper than the future price of the wine on the open market. 

Historically, this has been especially true in great vintages such as 1982, 1989, 1990 and 2000 and 2003. Eg, in 1989, a chateau called Clinet, relatively unknown outside France, released its En Primeur at a mere 15 Euros a bottle. Today it is traded in Bordeaux at about 270 Euros a bottle...a staggering 1700% yield!!! Imagine the yield for “blue chip” stocks!!! 

Most wines  that  are  produced  in  limited  quantities,  En  Primeur  buying  is  sometimes  the  only way  to secure these wines. (some properties produce as little as 300 cases a year!).

Bordeaux 2005 wines will be available for release in early summer 2008. You may request for actual delivery, storage in Singapore or storage to remain in Bordeaux, which we can arrange for you.  

All En Primeur purchases are quoted in Singapore Currency exclusive of any Goods and Services Tax (GST). Prices are offered lying ex-cellaring Bordeaux. Prices do not include shipping, freight insurance or government duties. If and when you  choose to have the wines delivered, the abovementioned charges become  payable.  Additional  costs  is  estimated  at  $20.00  per  bottle.  Goods and Services  Tax  at  the prevailing rates will also be levied on the imported value of the wines brought into Singapore. The current GST rate is 7%. These will be billed to you separately.

The question arises as to who buys En Primeur? A  little  background  understanding  of  the wine  trade  helps.  Generally, people  in  the  wine  business  (e.g.  brokers,  négociants, merchants, wholesalers)  are the main buyers of En Primeur.  The Chateaux do not sell their wines direct to end consumers according to century  old  tradition.  Hence, traditionally, each Chateau will have a few exclusive negociants or wine merchants who will get special allocation for their wines. These negociants would then sell these wines to importers and wholesalers, then finally to the consumers through retail stores and restaurants, etc. 

Many wine enthusiasts, and, in recent years investors also partake in this yearly ritual, basically for the same reasons of supply and price advantages.  Priority allocations are often assured for those who follow the En Primeur campaigns faithfully every year. Wine merchants like us who have long and good standing relationships with the Chateaux are given special allocations and prices of the real En Primeur or "first release" prices against payments up front.  We ,in turn, upon requests from customers like yourself, may turn around and sell some  of these allocation for the same reason . similar to  receiving placements of shares before an IPO, before they are listed on the stock exchange. However, because of the recent boom in demand  for  these wines  globally, wine merchants  tend  to  hold  back    the  release  of  their  En  Primeur in anticipation of a rise in price after the first release.

Terms & Conditions 2006 En Primeur

The customer agrees to contract with Mojo Wine subject to these terms and conditions. The Price List shall be deemed to be an offer, and the placing of an order by way of a confirmation by fax, sms, phone, mail or such forms in writing of an order, shall be deemed to be the acceptance of the offer aforesaid mentioned, subject to wines remaining unsold and our order confirmation. 
 

Minimum Purchase
 
The minimum purchase is 6 bottles of the same label of 750 ml bottle. The entire order must be a minimum purchase of at least (12) twelve bottles.
 
Storage
All wines sold by Mojo Wine come direct from Bordeaux and have been stored at the Chateau or in professional storage facilities since the time of bottling. Mojo Wine’s wines have never ever been in the hands of private collectors. This gives you the customer the highest level of quality guarantee that the wines you buy have been stored in optimal conditions since the time they were bottled.  
 
Price
All prices are quoted on per bottle in Singapore Dollars, offered lying ex-cellar in Bordeaux. Prices exclude shipping, duties and incidentals. Additional indicative cost is estimated at S$20 per bottle, and the current Good & Services Tax Rate is at 7%, subject to government’s changes.
 
100% payment shall be made of the total amount within 7 days of our confirmation of your order. If the order is not made within 7 days, we will deem that you have forfeited our offer and the order shall be cancelled thereof. 
 
Unless the contrary is shown, prices are in the currency shown in the invoice and cannot be paid in other currencies unless otherwise agreed upon.