Management Fee Payment
Last updated
Last updated
What is Management Fee?
Management Fee includes storage fee of products in bonded warehouses, insurance fee of products, and token management fee in UniCask system.
Please note that the annual management fee for your cask is billed to those who are cask holders as of 11:59 PM (GMT+9) on November 30th, covering the entire upcoming year. This fee must be paid in JPY via your credit card between December 1st and December 31st. If the payment is not made within this timeframe, all services provided by UniCask will be suspended.
If you choose to add insurance, the management fee will increase. For more details, please contact our management team.
If the management fee is free, you do not have to take the following actions. Please note that the Initial Management Fee, which covers the Year of Purchase and the Year After the Purchase, has already been paid at the time of your purchase. Therefore, no additional management fee is required for the first year following your purchase.
On November 30th, you will receive a notification regarding the payment of the management fee.
Between December 1st and December 31st, you can pay the management fee. Please log in to unicask.com and select the product for which you'd like to pay the fee and select “Pay Management Fee”.
Please confirm the price of the management fee and pay via your credit card.
After the payment, you can download the receipt for the management fee on the “Notification” page or your email.
**If the management fee remains unpaid, the following actions will be taken:
On 1st January
- The product will be locked.
- Listing, ownership transfer, sample request, issuance of certificates, regauging is not possible.
- Payment of the management fee is still possible.
- A reminder email will be sent.
On 31st January
- The product will remain locked.
- Listing, ownership transfer, sample request, issuance of certificates, regauging is not possible.
- A notification email will be sent indicating the product is locked and to contact the management team.
On 1st July
The product will be confiscated by the UniCask Management Team.
Distillery or Bonded Warehouse
Fee
Hanyu Distillery
Free (Initial 5 years maturation)
TBD (After 5 years maturation)
Warehouse in Scotland by Kingsbury
Free (Initial 5 years maturation)
90 GBP (After 5 years maturation)