I really like the feel of this logo - it brings thoughts of "Pirates of the Caribbean" to mind - exactly what we are after. Class, distinction and adventure. I would like to see a little more detail without cluttering the beautiful simplicity. After all it is going to be a label on a bottle of spiced rum.
Love the idea, clearly a "pop" potential logo here. Its needs to be clearly identified as to what it is though. This pirate may be a little confusing in its identity. The circle needs to be a little more subtle though, even absent. Think of the Johnny Walker logo.