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Güterfolgeschäden

English translation: consequential (or indirect) financial loss or damage arising from damaged, defective or wrongly delivered goods


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Güterfolgeschäden
English translation:consequential (or indirect) financial loss or damage arising from damaged, defective or wrongly delivered goods
Entered by: ingheck
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01:59 Jul 28, 2011
German to English translations [PRO]
Bus/Financial - Insurance
German term or phrase: Güterfolgeschäden
Anforderungsprofil an Logistikdienstleister:

Kapitel Versicherungen und Haftung

Der Auftragnehmer ist verpflichtet, zur Deckung seiner etwaigen Haftung gegenüber den Auftraggebern und den sonstigen Ladungsbeteiligten Versicherungen mit angemessener Versicherungssumme (siehe Nr. 12.8) abzuschließen und zu unterhalten. Hierzu gehört ebenfalls eine Versicherung gegen ***Güterfolgeschäden***. Der Versicherungsschutz hat sich auf alle Schadensersatzansprüche gegen den Auftragnehmer oder einen seiner Erfüllungsgehilfen in Zusammenhang mit seinen Verrichtungen zu erstrecken.
ingheck
Local time: 10:32
consequential financial loss or damage arising from damaged, defective or wrongly delivered goods
Explanation:
Alternatively,
indirect financial loss or damage arising from damaged, defective or wrongly delivered goods


Whether a loss is a direct, or a consequential (indirect), loss will be considered on a case by case
basis and will depend on all of the circumstances of the Dispute.
http://www.fos.org.au/public/download.jsp?id=6318
Selected response from:

casper
Grading comment
Thank you so much ;-). Also a huge thank you to Kim for his valuable contribution!
4 KudoZ points were awarded for this answer



Summary of answers provided
4consequential financial loss or damage arising from damaged, defective or wrongly delivered goodscasper
Summary of reference entries provided
Thoughts
Kim Metzger
Was sind Güterfolgeschäden?casper

  

Answers


2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
consequential financial loss or damage arising from damaged, defective or wrongly delivered goods


Explanation:
Alternatively,
indirect financial loss or damage arising from damaged, defective or wrongly delivered goods


Whether a loss is a direct, or a consequential (indirect), loss will be considered on a case by case
basis and will depend on all of the circumstances of the Dispute.
http://www.fos.org.au/public/download.jsp?id=6318


Example sentence(s):
  • We will not be liable for any direct or indirect financial loss or damage arising from damaged, defective or wrongly delivered goods.
  • “Consequential Financial Loss” means indirect financial loss or damage.

    Reference: http://www.clei.co.uk/clei/terms.htm
    Reference: http://tinyurl.com/3loezlw
casper
Native speaker of: Native in EnglishEnglish
PRO pts in category: 44
Grading comment
Thank you so much ;-). Also a huge thank you to Kim for his valuable contribution!
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Reference comments


29 mins
Reference: Thoughts

Reference information:
The literal translation - and one found all over the internet in German AGBs, etc. - is consequential damage to goods. But I'd like to see a reference to an English-language site.

Note: You'll also see "consequential damageS" but that's wrong because "'damages' in the plural ... is the compensation paid to the successful plaintiff for injury to or interference with their rights." - Legal Translation Explained, Alcarez and Hughes

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Note added at 1 hr (2011-07-28 03:28:13 GMT)
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What Does Consequential Loss Mean?
The amount of loss incurred as a result of being unable to use business property or equipment. If the property/equipment is damaged through a natural disaster or accident, only certain types of insurance can cover the owner for lost business income.
Consequential loss is considered an indirect loss (as compared to losses from the direct damage). Direct damages would be covered under different types of insurance, such as property/casual or fire insurance, but the firm still incurs the costs of lost operations.
http://www.investopedia.com/terms/c/consequential-loss.asp

Loss that is not a direct result of a peril. For example, damage to property of a business firm would be a direct loss, but the loss of business earnings because of a fire on its premises would be an indirect loss.
http://www.answers.com/topic/indirect-loss

Some companies offer endorsements or separate policies to cover indirect losses for an additional premium. Be sure that the policy covers any type of indirect loss caused by damage to the covered person or property.
http://www.ehow.com/facts_5790678_indirect-loss-insurance_.h...

Kim Metzger
Mexico
Native speaker of: Native in EnglishEnglish
PRO pts in category: 206
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1 hr
Reference: Was sind Güterfolgeschäden?

Reference information:
das sind schäden (bzw kosten) die *nach* einem güterschaden auftreten.

ein beispiel:
ein maschinenhersteller will seinen kunden x mit einer einzeln angefertigten maschine beliefern und beauftragt dich als transportunternehemer. auf der fahrt zu x wird durch unfall die maschine ruiniert, ein schaden ist entstanden. nun benötigt aber kunde x diese maschine dringend und ein güterfolgeschaden entsteht:
- kunde x hat produktionsausfälle weil die maschine nicht rechtzeitig eingetroffen ist
- der maschinenhersteller muss für die fertigung einer ersatzmaschine seine fertigungsstrasse wieder unstellen (kosten entstehen)
http://www.cosmiq.de/qa/show/326355/Was-sind-Gueterfolgescha...

casper
Native speaker of: Native in EnglishEnglish
PRO pts in category: 44
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