Getting Started
Every cask listed on LYQD must pass authenticity checks, including warehouse verification and documentation review, before becoming eligible for listing.
Verified Members only. To request a listing, please contact us.
Listings & Verification
Yes. Any material change to the cask (re-racking, finishing, repairs) must be disclosed before listing. If you make material changes to your cask via request to LYQD, then listing details will be updated accordingly.
Listings stay live until they receive an offer or are withdrawn by the seller.
Yes, to maintain the quality of casks and members, LYQD may decline to list casks that do not meet platform requirements (on grounds of authenticity, documentation, warehouse eligibility, etc.) as outlined in the Terms and Conditions (Rule Book).
Sellers set their own price and reserve price. LYQD does not appraise, value or recommend pricing. Any indications on similar cask prices are approximations only, and should not be used as a pricing recommendation.
Yes, you can remove your cask from LYQD at any time before it receives an offer. If an offer has been submitted, removal is not permitted while an active offer is pending.
Settlement
Our Payment Service Provider typically transfers seller’s proceeds within 3 business days of settlement. See Fees, Taxes and Payments.
To complete a binding trade, Buyer funds are held in escrow by Stripe Connect, LYQD’s trusted 3rd party Payment Service Provider. No client monies are held by LYQD. Upon settlement of a binding trade funds are released from escrow to the seller, minus applicable fees and taxes.
Standard timelines are up to 5 business/working days after trade confirmation, but compliance or documentation issues can extend this. Our Payment Service Provider typically transfers seller’s proceeds within 3 business days of settlement. See Fees, Taxes and Payments for more on payment flows.
If payment is not completed within the required timeframe, the listing reopens and fees or penalties may apply to the buyer depending on the LYQD Terms and Conditions (Rulebook).
Custody & Ownership
Not by default and by advance appointment only. Casks are stored with others in a warehouse and access may require careful planning. Any access/handling is coordinated with our 3rd party tax / excise warehouses via LYQD and may incur a handling fee and is made available by advance appointment only, subject to warehouse approval and lead times.
Yes, digital cask ownership certificates are provided, but it is important to note that these are time stamped, subject to change and do not offer proof of ownership under law. The warehouse’s excise record remains the legal custodial record for the payment of any suspended duty and sales tax related to a cask. LYQD provides a Trade Receipt to buyer and sellers, which reflects the change in cask ownership on the LYQD and warehouse ledger, and details the total consideration paid by the buyer.
Fees, Taxes & Payments
Common items include listing, commissions, storage/insurance, handling, re-gauging, bottling, withdrawal/transfer, and admin for excise/duty. Exact figures are published in the LYQD Price List.
It depends. Sales tax / VAT, excise duties and other taxes applicable to the cask are additional where applicable, on removal from a tax / excise warehouse. You’re responsible for your own tax obligations; LYQD may be legally required to collect/remit in some cases. A service Sales tax / VAT is applicable to LYQDs fees, and will be charged at the point of sale. VAT registered businesses may be exempt, depending on the location of operation.
Fees will be deducted automatically from sale proceeds, deposits, or balances held before disbursement of sale proceeds to the seller.
Membership of LYQD is currently free. A €75 listing fee applies when you publish a cask on the platform and standard annual maturation fees also apply (to cover storage and insurance costs). Please refer to our Terms and Conditions (Rulebook) for full details.
Payments including bank transfer must be completed through Stripe Connect, which is a 3rd party escrow style service connected to your bank account. Direct bank transfers or off-platform payments are not accepted, for peer to peer transactions as LYQD does not hold client money. Exceptions apply when LYQD is the seller of record.
Currently LYQD supports transactions in EUR and GBP. Our 3rd party payment provider, Stripe Connect, may apply its own FX conversion fees depending on your payment method and your connected bank account.
Warehousing
Movements must be organised through LYQD and authorised by both sending and receiving warehouses. Direct arrangements with warehouses bypassing LYQD are not permitted.
Sometimes yes, sometimes no. For listing on the LYQD exchange a cask must be stored within LYQD’s authorised warehouse network to ensure the validity of listings. In some instances, casks may be listed subject to conditional delivery by the seller to a location within our authorised warehouse network.
The warehouse’s official measurement is final. If loss is due to angel’s share or evaporation, this is normal and not covered by insurance. If physical damage is involved, we handle review your claim under the LYQD insurance policy terms. The insurer’s decision is final.
Re-gauging is performed only by the tax / excise warehouse. LYQD does not estimate or certify liquid volume. ABV and LPA are estimates only. You may request a re-gauge through LYQD, and the warehouse will provide an official measurement of litres and ABV at that point in time. Handling fees apply.
Insurance
Casks in LYQD’s custody subscription are covered under policies arranged by LYQD or the warehouse (e.g., fire, theft, storm damage), subject to policy limits/exclusions and up to date payment of your subscription for custody services. Insurance does not cover market price movements.
Sampling & Bottling
Yes, requests must be submitted via LYQD. Private bottling may be possible depending on warehouse rules and regulatory requirements and subject to local law. Handling fees apply.
Conduct
Submit a written complaint to the designated contact. We aim to reply within 10 business days.
Disputes & Enforcement
Casks are sold on a first-come, first-served basis. Once a buyer submits a valid payment, or a seller accepts a buyer’s offer, the cask becomes unavailable for sale to others until a binding trade is complete, or the sales process is ended.
Legal & Policy
- Exact fee amounts and full fees – see the LYQD Price List (note: Link to this as separate page).
- The live list of warehouse partners.
- Full Terms & Conditions on binding trades – see your account section.
- Insurance policy details (request a summary via support if needed).
Jurisdiction for LYQD’s services is the Republic of Ireland unless otherwise stated. Local law will apply to handling and sale of the cask in the location of storage.
Only the information required for excise, operational and compliance purposes, typically your name, address, company name and VAT number (if applicable), and occasionally any other details necessary to complete a legal transfer. LYQD does not share unnecessary personal data. Please see our Privacy Policy for more information.
No. LYQD provides a platform for buying and selling physical casks of whiskey as an alternative asset. We do not offer regulated investment products, nor do we provide investment advice.
No. LYQD does not guarantee any financial outcome or future value. Whiskey casks may rise or fall in value based on multiple factors, including changes to market supply and demand, individual maturation profiles and other external factors.
Quick Definitions (plain language)
- ABV: Alcohol by Volume (alcohol %).
- LPA: Litres of Pure Alcohol = ABV × liquid volume (L).
- Buy It Now: Instant purchase at a fixed price.
- Offer/Counter-Offer: You post a price to buy or sell; if another member accepts, it’s binding.
- Binding Trade: A confirmed transaction you’re legally committed to complete.
- Settlement: Payment clears, ownership updates on LYQD’s ledger.
- Warehouse (Bonded): Licensed site where duty is suspended until bottling/withdrawal.
Available On Request
- Exact fee amounts and full fees – see the LYQD Price List
- The live list of warehouse partners.
- Full Terms & Conditions on binding trades – see your account section.
- Insurance policy details (request a summary via support if needed).
Disclaimer
The information provided in the Frequently Asked Questions (“FAQs”) section of this website is for general informational purposes only. It does not constitute, and should not be relied upon as, a legal interpretation of the website’s Terms and Conditions or any other agreement.
The FAQs do not constitute legal or professional advice and should not be treated as such. No solicitor–client, attorney–client, or other fiduciary relationship is created or implied by your use of this website or by reading any of its content.
For advice or assistance regarding your specific circumstances, you should consult a qualified legal professional.
