Terms, Conditions & Policies

CannyCask Limited – Terms and Conditions

1. Introduction: CannyCask Limited is a company registered in Scotland, offering the sale of physical whisky casks with the option of a non-fungible token (NFT) as a digital representation of ownership. The company operates online and provides services to customers globally, subject to applicable laws.
2. Definitions: “NFT”: A non-fungible token representing a digital record of the buyer’s whisky cask ownership. “Cask”: A physical whisky cask stored in a bonded warehouse. “Customer”: The individual or entity purchasing a whisky cask from CannyCask Limited. “Warehouse”: A third-party bonded facility where the casks are stored. “Crypto”: Cryptocurrency used for payment, including but not limited to Bitcoin and Ethereum.
3. Payment Terms: Customers may pay using fiat currency or approved cryptocurrencies. All crypto payments are converted into fiat currency upon settlement. In the event of order cancellation within the statutory cooling-off period, refunds will be issued in GBP only, and CannyCask Limited will not be liable for any losses due to currency exchange or crypto market fluctuations. Transaction or network fees are the responsibility of the customer.
4. Ownership & Custody: Once full payment is received and KYC/AML verification is successfully completed, the purchased cask is registered in the customer’s name at the HMRC-approved bonded warehouse. CannyCask issues each verified customer a dedicated, enterprise-grade custodial wallet powered by BitGo. This wallet is managed within CannyCask’s secure BitGo Enterprise account and is used to hold the NFT representing the customer’s cask ownership. Customers may request transfer of the NFT to a self-custodied wallet at their own discretion and risk. Self-custody transfers are subject to verification, and any NFT reissuance or reminting will incur a service fee. CannyCask Limited is not responsible for loss or inaccessibility of NFTs once moved outside the BitGo custodial environment. For institutional clients, NFTs may be held in a segregated custodial sub wallet under CannyCask’s BitGo Enterprise account; legal ownership terms are unchanged.
5. NFT Reissuance: In cases where NFTs are lost or become inaccessible, CannyCask Limited may offer a re-minting or replacement service for a fee. This service is subject to verification, requires the customer’s instruction, and is at the sole discretion of the company. In cases where NFTs are lost or become inaccessible, CannyCask Limited may offer a re-minting or replacement service for a fee. This service is subject to verification and is at the sole discretion of the company.
6. Consumer Rights & Cooling-Off Period: In accordance with the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013, customers have a 14-day cooling-off period from the date of contract. Cancellations must be submitted in writing. Refunds for crypto payments will be made in GBP only, equivalent to the original amount received at the time of purchase, minus any applicable transaction or network fees. Refunds will be processed within 14 business days of confirmed cancellation. In accordance with the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013, customers have a 14-day cooling-off period from the date of contract. Cancellations must be submitted in writing. Refunds for crypto payments will be made in GBP only, equivalent to the original amount received at the time of purchase.
7. Storage, Insurance & Ancillary Services: Customers are responsible for all ongoing costs associated with their cask, including storage, insurance, sampling, regauging, and bottling services. CannyCask Limited facilitates the registration of casks but does not directly provide storage or ancillary services. A minimum holding period of 30 calendar days from the purchase date applies before any resale or transfer requests will be accepted. Customers are responsible for all ongoing costs associated with their cask, including storage, insurance, sampling, regauging, and bottling services. CannyCask Limited facilitates the registration of casks but does not directly provide storage or ancillary services.
8. Risk Disclosure: whisky casks are physical assets subject to evaporation, warehouse conditions, and value fluctuation. NFT ownership carries risks including theft, technological failures, or blockchain obsolescence. CannyCask Limited does not guarantee cask appreciation or NFT resale value.
9. Disclaimers: CannyCask Limited does not provide financial or investment advice. Purchase of whisky casks and related NFTs should not be viewed as an investment. There is no guaranteed return or assurance of a secondary market for either casks or NFTs.
10. Jurisdiction & Governing Law: These Terms and Conditions are governed by the laws of Scotland. Any disputes arising from these terms will be subject to the exclusive jurisdiction of the Scottish courts.
11. Age Verification: By placing an order with CannyCask Limited, you confirm that you are at least 18 years of age (or the legal age of majority in your jurisdiction). CannyCask will perform age verification checks as part of its onboarding process, and reserves the right to refuse or cancel any order where age verification fails.