The asset is described as individually identifiable.
Priority: secure current evidence of identity and possession.
1. Asset
- Match the description, serial number, photographs, delivery record and location to the same asset
2. Possession
- Evidence current possession, use, handovers and contact with the insolvency administrator
3. Basis of ownership
- Secure the contract, ownership clause, lease, rental or custody terms and payment flow
4. Processing and subsequent path
- Document processing, attachment, mixing, relocation or sale chronologically
This order prioritises evidence and does not determine a separation right. Legal source: section 44 IO. Further guidance: separation rights and retention of title hub and the goods or machinery checklist.