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CONDITIONS COVERING LOANS

1.  The Los Angeles County Museum of Art will exercise the same care of loans as it does in the safekeeping of its own property.

2.  Unless other arrangements between the lender and the Museum have been agreed to in writing, the Los Angeles Museum of Art will be responsible for loans throughout the period specified on the face of this form.  Loans may be withdrawn from the exhibition at any time by the Los Angeles County Museum of Art.

3.  Unless the lender expressly elects to maintain his own insurance, the Los Angeles County Museum of Art will insure this loan wall-to-wall under its fine arts policies for the amount indicated on the face of this loan agreement against all risks of physical loss or damage while in transit and on location throughout the period of this loan.

The policies referred to contain the usual exclusions for loss or damage due to wear and tear, gradual deterioration, moths, vermin, inherent vice or damage sustained due to such causes as hostile or warlike action in time of peace or war, atomic, nuclear or radioactive force reaction or contamination, insurrection, rebellion, revolution, civil war, usurped power, action taken by governmental authority in hindering, combating, or defending against such an occurrence, seizure or destruction under quarantine or customs regulation, confiscation by order of any governmental or public authority, or risks of contraband or illegal transportation or trade.

If the lender elects to maintain his own insurance, the Museum must be supplied with a Certification of Insurance naming the Los Angeles County Museum of Art as an additional assured with respect to the object, or a waiver of subrogation against the Los Angeles Museum of Art.  Otherwise, this loan agreement shall constitute a release of the Museum from any liability in connection with the loaned property.  The Museum can accept no responsibility for any error or deficiency in information furnished to the lender's insurers or for lapses in coverage.