Management of Perishable, Depreciating and High-Maintenance Seized Assets

Course overview

Some seized assets lose value every day they sit in custody. Vehicles rust in open yards, vessels and aircraft need costly maintenance and berthing, livestock must be fed and treated, and perishable goods spoil within days. Without fast decisions, recovery turns into loss and sometimes into liability. This perishable seized assets course equips managers to handle these assets properly.

Participants learn the risks of each high-maintenance asset class and the storage, maintenance, insurance and security each requires. They study interim sale and early disposal, including the court applications, valuation evidence and owner notice needed, and how to hold proceeds pending the final order. Practical topics include contracts for storage yards, marinas and hangars, veterinary care and grazing for livestock, environmental and safety risks, and record keeping that will satisfy courts and auditors. Exercises draw on realistic cases involving vehicle fleets, fishing vessels, a light aircraft and cattle.

Participants leave able to protect the value of high-maintenance assets and to use interim sale where holding them makes no sense.

What you will be able to do

• Identify value and liability risks for high-maintenance asset classes
• Plan storage, maintenance, insurance and security for each class
• Procure and manage custody service contracts
• Prepare interim sale applications with supporting evidence
• Manage livestock, perishable goods and hazardous items safely
• Keep records that satisfy courts and auditors

Who should attend

For asset managers, exhibits officers and legal staff responsible for seized assets that depreciate quickly or are costly to keep.

• Asset management office staff
• Exhibits and property officers
• Legal officers handling interim sales
• Procurement officers for custody services
• Fisheries, wildlife and customs officers who seize assets
• Valuers

Course outline

Fees are per participant in US dollars and cover tuition, course materials and your certificate. Travel and accommodation are not included.