Evaluating Risk In The Transportation And Storage Of Fine Art-Evaluating Risk In The Transportation And Storage Of Fine Art

Video Transcription

Video Summary

In the webinar hosted by the Inland Marine Underwriters Association, the focus was on evaluating risk in transportation and storage of fine art. Presenters introduced key tips for reducing strain on networks during webinars, advised on accessing control panels, and encouraged asking questions during the Q&A segment for a chance to win prizes. The presenters highlighted the importance of understanding the expertise of shippers and the necessity of proper packaging and handling to prevent damage during transit. They discussed the need for certified cargo screening facilities, specializing in handling fine art shipments, and emphasized the importance of proper packing materials and crates. The speakers also shared real-life examples of claims related to inadequate packing and transit handling, illustrating the risks involved. They delved into emerging issues in the industry, such as the impact of COVID-19 on operations, the growing demand for fine art storage facilities, and the trend of using artwork as collateral for loans. Lastly, they touched upon preferred methods for international transit, with air freight being the most preferred choice due to the inspection and security measures available for shipping valuable artworks. Overall, the webinar provided valuable insights into the complexities and considerations involved in ensuring the safe transportation and storage of fine art.

Asset Caption

Date of Publication: March 15, 2022
Duration: 62 min

Unique exposures and risk management strategies to mitigate loss.

Meta Tag

Module Fine Art

Keywords

Inland Marine Underwriters Association

evaluating risk

transportation

storage

fine art

reducing strain

networks

control panels

certified cargo screening facilities

packing materials