Posted on | December 5, 2012
Written by | BevNetwork
Michael Correra, Executive Director of the Metropolitan Package Store Association and Jeff Saunders, Retailers Alliance, joined with wholesalers to petition the New York State Liquor Authority for an Advisory which would help ensure that retail licensees will be able to obtain inventory in time for Christmas and New Years and restock at December prices after the holidays.
At a special meeting of the Full Board of the New York State Liquor Authority, held on November 11, 2012, the Members of the Authority voted to approve the Advisory.
As a result wine or spirits delivered from December 17, 2012 through December 31, 2012 will be billed for credit purposes as if the goods had been delivered on December 31, 2012. This will allow retail licensees to order early enough to obtain delivery of the goods in time for the holidays and still have a final payment date of January 30, 2013.
Wholesalers are permitted to deliver goods purchased on December 31, 2012 on that day or place those goods in Bill and Hold. If the goods are placed in Bill and Hold and delivered by January 4th, the wholesaler is permitted to store the goods free of charge.
In addition, wholesalers of liquor and wine may accept retailer orders on January 2, 2013, utilizing either December 2012 or January 2013 prices. The retailer should elect which price will apply when it places the order.
It is important to keep two things in mind. Goods ordered after close of business January 2, 2013 will not qualify for December pricing or free storage. Regardless of the reason, if delivery to the retailer is not completed by January 4th, the wholesaler is required to apply all Bill and Store charges.