C. Final payments for all unpaid invoices, services, storage fees or other charges are due and payable immediately prior to the final release of the goods by AFAS. The immeasurable cultural importance of art makes its destruction not only economic, but also sentimental. The unfortunate events surrounding CUPE`s lawsuits offer clear lessons about the cost of collection, which goes far beyond purchase and insurance premiums and includes storage, shipping and, if necessary, preservation. While there is a strong desire to preserve artifacts as assets, all works of art have inherent flaws and are sensitive to the elements, encouraging collectors to take care when acquiring objects and finding spaces where they can be housed. In legal disputes arising from damage to works of art stored at the CFASS, the point of contention is how liability is divided in the STORAGE CONTRACTS OF THE CFASS. Some contracts between the warehouse and its customers required customers to take out artistic insurance. In other cases, there may have been a waiver of subrogation or a limitation of liability clause. “Services” means all services provided by UOVO, including, but not limited to, the handling, installation, packaging, boxes, storage and transportation of works of art.

The Red Hook area in Brooklyn, where the CFASS storage facility is located, has been classified as a high-risk flood zone and has been assessed by the New York City Office of Emergency Management for a “flood zone evacuated from Zone A.” With media reports of the impending storm, CFASS began, as the complaints claim, to reassure customers that appropriate measures would be taken to protect their property from damage. E. Claims become time-barred after one year. A legal action to assert a claim against RFAS must be brought within one year (1) of the Customer`s acceptance of these Terms and Conditions or (2) of the completion of RFA`s provision of the Services, whichever is later. In the event of delay or non-delivery, the expected delivery date will be deemed to be the date on which RFAS completed the provision of the Services for the purpose of calculating the one-year period. Any action shall be deemed to be judged and timely unless a timely written claim has been made in accordance with Subsection D of this Section and the filing period specified herein has not expired. One. The customer can take out his own transport, installation or storage insurance on his property. RFAS` fees and costs do NOT include the cost of insurance that covers physical loss or damage to Customer`s property, and RFAS does NOT automatically offer insurance to Customer. RFAS will take out the insurance on behalf of the Customer only at the Customer`s request and against payment of additional fees based on the declared value of the Property (this declared value is determined by a written valuation notice or a current Invoice valuation notice). Any claim for insurance that goes beyond the rfAS liability limit and the declared value of the property to be covered must be documented on the Renwick Fine Art Services Insurance Endorsement (“Insurance Endorsement”) (link).

The client must complete the insurance endorsement well in advance of the start of services and RFAS must receive the insurance endorsement in a timely manner so that such a claim can be processed by the insurance company or insurer. Customer acknowledges and understands that (1) Customer`s failure to submit the insurance endorsement and declared value of each property to be covered to RFAS in a timely manner will result in the lack of insurance coverage, and (2) Customer`s failure to pay additional fees to cover RFAS` premium and cost in order to obtain insurance, which goes beyond the limits of liability of the CALLS FOR APPLICATIONS, results in losses. the coverage of the property. C. Entire Agreement. These terms and conditions constitute the entire agreement between the customer and RFAS with respect to their subject matter and supersede all prior written or oral agreements, representations and understandings between the parties. If the Terms and Conditions differ in any material way from the terms of the Customer`s order or other documents issued to RFAS, these General Terms and Conditions shall prevail over the terms of any such order or document. B. Governing Law and Choice of Jurisdiction. Without regard to storage in New Jersey, all parties to this Agreement agree that the laws of the State of New York shall govern the validity, construction, and performance of these Terms and Conditions and all controversies and claims arising out of this Agreement.

Customer agrees that the District of New Jersey, Newark and Customer shall submit to the jurisdiction of the courts contained therein, for all disputes arising out of the performance of this Agreement, whether initiated by Customer or RFAS. UOVO is not responsible for the loss or damage of the goods after delivery, installation or after leaving a place of installation. .