Standard Museum Loan Agreement

If you want to renew credit beyond the fixed term of your credit agreement, go back to the steps of the credit agreement. Both the renewal application and the lender`s response should be in writing, although you may not always be required to establish an entirely new credit agreement. In any case, you must check that the information contained in an existing agreement is always up to date. This may include a new assessment and update of your insurance or liability insurance. Credit extensions should always be valid for a fixed period. C. EXPIRING LOANS 1. “ Responsible A.“ „The power to authorize a maturing loan rests with the corresponding conservator. b.»» „The collection manager, in consultation with the curator, is responsible for communicating with the application organization, preparing and maintaining all loan securities, as well as monitoring the transaction during the loan period. c.“ „The power to recall the loan before the indicated end date rests with the curator or director of the museum.

„If a loan application requires unusual restrictions, the curator, in consultation with the director of the museum, authorizes or negotiates these conditions and is responsible for their application. 2.“» „LOAN CRITERIA A.“ „The museum lends objects to qualified institutions or non-profit organizations for scientific research and exhibition, subject to the policies and practices of each collection. b.»» „The museum does not lend its collections to private or physical institutions, except for education, for purposes of public utility. „Loaned items must be physically able to withstand packaging, travel, additional handling and climate change. Goods that do not comply with this standard should not be loaned unless special conditions are agreed in the loan agreement. Maturing loans are valid for a period of one year, unless otherwise stated. The loan can be extended before the return date, with the written agreement of the curator. e.»» „UAMN may require that an approved installation report be completed or placed in full on file prior to the approval of a loan.