Jul 1, 2014 11:21
9 yrs ago
1 viewer *
English term

Aval sales

English to Italian Law/Patents Law: Contract(s) Contracts
Gentili colleghi/e

Vi chiedo un piccolo suggerimento per il significato della frase "aval sales", che non riesco a comprendere.
Contesto:

Except as otherwise specified in this Contract,[3] [4]delivery shall be complete and Product risk shall pass as defined by the Incoterm applicable to this sale.
Title to pass upon full payment of price, except that if payment term is agreed to be on open account or letter of credit, title to pass upon delivery.
For aval sales title to pass against receipt of acceptable aval.
Seller warrants that it has full marketable title to the Product free and clear of any lien or encumbrance.

Vi ringrazio in anticipo per il vostro aiuto.
Proposed translations (Italian)
4 +1 vendite avallate

Proposed translations

+1
1 day 9 hrs

vendite avallate

come l'avallo che viene messo sulla cambiale fa sì che la cambiale venga definita "avallata". Mi sembra che vuole dire che interviene un garante.
Comunque, poiché l'avallo avviene dalla parte acquirente, in Italiano sarebbe meglio "acquisti garantiti" oppure "acquisti avallati"

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Note added at 1 day9 hrs (2014-07-02 21:16:05 GMT)
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La frasse "For aval sales title to pass against receipt of acceptable aval."
forse "per le vendite avallate, il titolo di proprietà sarà consegnato [o trasmesso] solo dopo la ricezione della garanzia."
Peer comment(s):

agree Mariagrazia Centanni
3 days 1 hr
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Reference comments

17 mins
Reference:

aval

Definition of 'Aval'

A guarantee added to a debt obligation by a third party who is not the payee or the holder, but who ensures payment should the issuing party default. The debt obligation could be a note, bond, promissory note, bill of exchange or draft. The third party providing the aval is usually a bank or other lending institution.

Investopedia explains 'Aval'

Since avals can be forged, caution should be taken when accepting these notes. Banks usually only provide an aval to issuers with very good credit ratings. An aval might be used to guarantee the payment of a buyer to a seller.The process of avalizing is performed mainly in Europe; in the United States, banks have restrictions as to what instruments may be provided an aval.
Peer comments on this reference comment:

agree Pompeo Lattanzi
2 hrs
grazie Pompeo :)
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