Vinovest reserves the right to charge a late fee on late payments. Storage and insurance must be paid within one month of their due date (the 1st of each month). If the payment is not made on time, Vinovest reserves the right to charge a 1.5% interest rate.
Additionally, Vinovest may suspend accounts after 90 days of nonpayment.
After 180 days of nonpayment, Vinovest reserves the right to sell the wine and whiskey in the portfolio at a 15% discount to cover the owner’s storage and insurance costs.
