What You Need To Consider When Importing Wine From Overseas

Old wine barrels in a wine cellar

Any wine business will know that there are times when you are not able to find the wine you want locally and have to consider importing it. Of course, if you are looking at importing wine, there is a lot of information that you have to consider. It is important that you know this information before you start looking at international suppliers for your wines.

Know Your Compliance Paperwork

Once you have your business plan ready and have funding, you need to look at your compliance paperwork. There are certain licenses, permits and documents that you have to have if you want to import wine. All of this paperwork will need to be completed before you place your first order with a supplier.

The first piece of paperwork you need is an Employer Identification Number which is a pre-requisite for getting a Federal import permit. You can obtain this number easier on the IRS website. After this, you will need to get a Federal importer basic permit. The Alcohol and Trade Tax Bureau needs you to have a letter from the winery that will export the wine for you before you can apply. This permit will generally take around 60 days to process.

Once you have your basic permit, you need to look at home state licenses and a certificate of label application. The requirements for the home state license will vary depending on the state and you need to consider this. The certificate of label application can be applied for online and s a simple one-page form which takes 30 days to process.

Contact a professional shipping company such as MYCARGO for assistance if you’re unsure about any of this.

Understand Your Terms Of Sale

Once you have all of your paperwork in order, you need to understand the terms of sale. There are a number of commonly used terms of sale for imported wine that you need to be aware of. The terms of sale will refer to the obligations of the seller and of the buyer. Some terms of sale place more risk and costs on the buyer while others will have the seller bearing more responsibility. It is important that you work with terms of sale that are ideal for your business and needs.

Know Your Duties And Taxes

Unlike other common commodities, the value of the wine that you import will have little impact on the duties and taxes that you are charged. This is due to the fact that taxes and duties on imported wine are calculated by the liter. This means that if you import a cheap wine, you could be paying the same duties as a more expensive wine. The IRS does have a listing of the import duties charged on wine on their website and you need to look at this.

There is a lot of information that you need to know about before you start importing wine. The most important considerations that you need to know about are the permits and licenses that you have to have. These licenses and permits need to be processed before you start ordering from suppliers.

Your Essential Guide to the Top 5 Australian Wines and Vintage Blends

Australian Wine

It may come as a surprise to many except those working in the industry but Australia holds the world’s fourth largest share in the wine export market. But Australian wines have a well deserved reputation of being among the finest as well. To give you a taste of what is on offer from Australia’s best vineyards and wineries, here is a selection of the top 5 Australian wines to indulge your palate.

1. 2010 Penfolds Grange

While it was hard selecting which 5 wines to include in this list, the one which deserved the #1 spot was a no-brainer. Penfolds Grange has a well deserved reputation as Australia’s most easily recognizable vintage wine. Indeed, Robert M. Parker, Jr., arguably the world’s leading critic of Bordeaux wines, has labeled the Grange “the world’s most exotic and concentrated wine.” The 2010 vintage is made from the highest grade of grapes sourced from Australia’s most impressive vineyards. It is a blend consisting of 96% Shiraz and 4% Cabernet Sauvignon.

2. 2009 Balnaves Cabernet Suvignon

As cabernets go, this Balnaves one has both class and exquisite taste. Made from grapes sourced in the world famous Coonawarra Terra Rossa strip, the wine is the product of a small but well respected family wine company. It’s solid heaviness with just a hint of smokey French oak will leave you elated and craving for another glass. It is just the right cabernet blend to while away those breezy Sunday afternoons.

3. 2013 Pazza by KT Riesling, Clare Valley

While it comes in an unpretentious bottle, not to mention very affordable price tag, this is as thirst quenching an Australian wine as you are going to find on sale today. With its open-throated texture and unique aroma, this is just the wine you need when it is time to funk it up a bit. The white vintage wine is a product of strictly controlled fermentation and no filtration.

4. 2010 Mount Mary Quintet, Yarra Valley

Ask those in the know about where to get the most elegant Australian cabernets and in all likelihood they will point you in the direction of Yarra Valley around the Coldrstream in the state of Victoria. It is a very scenic country too and when you taste this finely blended cabernet, you will get a good idea of the scenic vistas and crisp breezes which whisper in your hair around Yarra Valley’s lolling hills and ravines.

5. Yellowglen Yellow Sparkling Wine

When it comes to non vintage sparkling wines, Yellowglen Yellow is in a class of its own not just among Australian wines but at the global level. It is the softest of the fleshy flavor-driven sparkling wines as you are likely to get. Whether drinking on your own or with company, it is just the wine to give your spirits a lift.

A Mortgage Broker’s Top 5 Australian Wines for a Celebration

Mortgage brokers having a celebration. Hands holding the glasses of champagne and wine making a toast.

It hurts when loved ones fail to recognize and acknowledge our achievements. Perhaps you’ve finally managed to solve a tricky problem at work, and your boss doesn’t seem to care? Maybe you’ve just reached a hundred subscribers on your blog, but your fiancee just can’t figure out why you are so excited? Don’t worry; you are not alone, I have been in that exact position, and I know how awful it feels.

When I started out as a mortgage broker years ago, not even a single member of my extended family said “well done” or congratulated me when I finally took my first commission home. They were all happy for me, yes, but no one seemed to share my excitement. They were probably just too tired or battling issues I had no idea about.

Whatever the case, I knew I had achieved a big milestone, and if nobody was willing to give me a pat on the back, I was more than willing to do it personally. And that’s what I did; I went out, bought an expensive bottle of wine and unhurriedly celebrated my success.

According to experts, no achievement is too small to celebrate. The most successful people out there recognize and enjoy their achievements no matter how small. So, if you have recently achieved a milestone, don’t wait for someone to acknowledge your success – popping corks and bubbles are in order, whether you have company or not.

I have since then discovered the importance of celebrating my milestones, but I have also discovered another secret- Australian wines are the most satisfying wines on the market today. So, if you are a wine lover like me, then, by all means, go ahead and reward yourself with a fancy bottle. I sincerely hope you will allow a humble Perth mortgage broker with with a love of wine to guide you along:

Top 5 Australian Wines or Celebrating an Achievement According to a Mortgage Broker and Wine Enthusiast:

1. La Violetta Ü Lèvre d’Orange, Great Southern

This is definitely among the best orange wines you will ever come across. I find it captivatingly zesty, refined, and extremely broker's celebrating an achievement

2. 2010 Wendouree Cabernet Malbec, Clare Valley

A friend of mine once claimed that no other wine in the world tastes like Wendouree and I agree. This one reeks of violets and black fruit, and I can describe it as one of the most elegantly dense wines I have come across in years.

3. 2012 Bannockburn Serré Pinot Noir, Geelong

I must admit that most pinots are extraordinarily fine, but this one is obviously in a class of its own. It can be described as an extremely sentimental wine with an intense earthy complexity.

4. James & Co. 2013 Sangiovese

I tend to think most Sangioveses taste like dry reds, but this one truly stands out from the rest. It tells a story of red fruits, charcuterie, cherries, and layers of spice. I believe it’s uniqueness has a lot to do with first-rate fruit.

5. Ben Haines 2012 Warramunda Encore Marsanne

Personally, I can say I absolutely adore Marsanne and believe me; they are out there in plenty. But something tells me there’s more than a great brain behind this one. It reminds me of citrus, spring flowers, jasmine, beeswax, and a bit of spice.

Drink up; you deserve it! Cheers!