Glossary entry

French term or phrase:

Du recours au différé de paiement

English translation:

recourse to delayed payment

    The asker opted for community grading. The question was closed on 2019-12-21 08:54:45 based on peer agreement (or, if there were too few peer comments, asker preference.)
Dec 17, 2019 17:29
4 yrs ago
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French term

Du recours au différé de paiement

French to English Bus/Financial Finance (general) Note de service
Le xxxxx à l'obligation du recours au différé de paiement de 10 mois sans que celui-ci n'excède une année.
Change log

Dec 17, 2019 17:40: Henry Dotterer changed "Level" from "Non-PRO" to "PRO"

Discussion

Daryo Dec 18, 2019:
@ philgoddard you manage to find a very relevant reference - and then not to extract much more than a tiny fraction of what's in it.
philgoddard Dec 17, 2019:
I think the idea may be something like the first sentence of this page, which is from Algeria, where Chakib is. It's a form of import tariff requiring buyers to delay payment.
http://international-pratique.com/2019/12/02/exportations-ve...
I agree with Allegro that we need more information.
AllegroTrans Dec 17, 2019:
Context please..difficult to see what's happening (a) What exactly is the document? (b) What/who are the threee xxxxxx parties? Individuals? Banks? (c) It would be helpful if you could post each sentence before and after this one
Timothy Rake Dec 17, 2019:
@Chakib Then I stand by my suggestion, perhaps with a tweak:
"so-and-so subjected so-and-so to the obligation to defer payment for 10 months without exceeding one year" or "...X required Y to defer payment for 10 months without exceeding one year" - in this instance, I believe that perhaps "recours" is more legalese than really significant in the actual translation of the meaning. Why one would "oblige" or "require" someone to delay payment for 10 months, well, that's another issue, but I suppose there may be a circumstance where it could occur - for instance, for purposes of declaring income in a specific year, tax consequences, etc. Who knows?
Chakib Roula (asker) Dec 17, 2019:
Yes, I mean " le xxxxxx a soumis les xxxxxxx et xxxx à l'obligation de ...."
ormiston Dec 17, 2019:
Is there really an accent on the",à"? Or has some text been omitted?

Proposed translations

+1
9 mins
Selected

recourse to delayed payment

...recourse to delayed payment of up to 10 months without exceeding one year
or
"may delay payment up to 10 months without exceeding one year"
Note from asker:
Thank you so much Timothy.
Peer comment(s):

neutral Tony M : There seems to be a conflict between the 'obligation' and your suggested 'may'? I can't work out in what context someone would be thus obliged — unless it is by constraining circumstances
3 mins
Tony, I don't disagree; even though the translation seems straight forward to me, something does seem awry; AND is it "à l'obligation" or "a (avoir) l'obligation??
neutral AllegroTrans : the "may delay payment" might work but I would not translate this as "having recourse to"; more context is needed really
31 mins
Yes, as I noted above, I think the "recours" is more a matter of legal jargon than "having recourse" in the actual English translation
disagree Daryo : the way foreign trade is controlled by the State in Algeria it's definitively not a "may" - no way.
3 hrs
agree philgoddard : Just to counteract Daryo's usual unnecessary disagree. This is perfectly OK as it stands, though we need the full context to provide the right answer.
3 hrs
agree GILLES MEUNIER
1 day 12 hrs
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4 KudoZ points awarded for this answer. Comment: "Thanks"
+1
3 hrs
French term (edited): les a soumis à l'obligation du recours au différé de paiement de 10 mois

has imposed on ... a compulsory 10 month delayed payment period /10 month payment term

not many variants that could make sense in the real world.

le xxxxxx a soumis les xxxxxxx et xxxx à l'obligation du recours au différé de paiement de 10 mois sans que celui-ci n'excède une année.
=
the [Ministry of commerce / economy / foreign trade - whatever ... of Algeria] has imposed on [importers etc ] a compulsory 10 month delay of payment (/10 month payment term ...) on imports etc

the logic of it here:

Exportations vers l’Algérie : l’Incoterm FOB et le recours au différé de paiement de 9 mois rendus obligatoires pour certains produits. Possible extension du FOB à l’ensemble des importations en Algérie avant fin décembre 2019
2 décembre 2019
Par un courrier du 30 septembre 2019, l’ABEF (association des banques algériennes) annonce les nouvelles barrières aux importations prises par le Ministre algérien des finances.

La règle Incoterms “FOB (Free on Board)” et le recours au différé de paiement de 9 mois sont obligatoires sur les produits de la téléphonie et de l’électroménager exportés en pièces détachées ou en kit en vue d’assemblage en Algérie.

La note indique que « les importateurs doivent recourir, en priorité, aux capacités nationales de transport maritime », d’où l’Incoterm FOB imposé aux exportations vers l’Algérie. Il obligera le destinataire algérien à organiser le transport principal et à payer le fret maritime en dinar.

Objectifs : promouvoir l’utilisation de la flotte maritime nationale, réduire le recours aux moyens de transport étrangers en vue de réduire les dépenses en devises pour aider à l’importation de produits de première nécessité, notamment infantiles.

Les compagnies maritimes algériennes ont-elles la capacité d’absorber de tels flux ? Les compagnies maritimes européennes (dont la CMA-CGM) sont d’ores et déjà impactées par ces nouvelles mesures.

Ces nouvelles barrières risquent de s’étendre à l’ensemble des exportations à destination de l’Algérie. Elles sont susceptibles de jeter un froid sur les échanges avec ce pays, déjà mis à mal par l’obligation de bloquer 120 % des achats sur un compte en banque et autres exigences documentaires déjà en vigueur.

http://international-pratique.com/2019/12/02/exportations-ve...

Algeria has had this same obsession with giving priority to their own national carriers / transport companies for ages (thus imposing FOB terms) ... while this "compulsory 10 month waiting period" is a way of "cooling down" spending on imported goods, as a number of sellers won't want to wait 10 months to get paid.
Peer comment(s):

agree Timothy Rake : With the added context, Daryo I totally agree with your reading of it.
17 mins
Thanks!
neutral AllegroTrans : Quite possibly correct but more context needed since we don't even know if this is about import/export
19 mins
quite pretty damn sure about this - I do have some knowledge about/of Algeria [no web links for that ...]/ I don't use CL5 lightly / Ockham's razor no good to you? The *only* ghits are about s.t. that makes perfect sense when explained as in my answer.
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+1
23 hrs
French term (edited): l\'obligation du recours au différé de paiement

duty of resort to the deferred payment ('payment hold-over') option

Post-grading, thanks to the discussion entrants (Scottish: intrants) in general and Phil G. for cracking the Algerian FOB Incoterms connection.

My difference with Daryo's answer is that I have turned a compulsory obligation into a hard-to-refuse 'resort to an option'.

My own hands-on tax & export experience vs. printed conditions also suggests to me a hold-over of non-instalment (one 'l' in IrE and BrE vs. AmE) imposed on the shipper (?).

Afwan!
Example sentence:

Figure 6: Typical letter of credit transaction cycle (deferred payment option)

Peer comment(s):

agree Tony M
11 mins
Thanks de novo et merci de nouveau!
neutral Daryo : a "hard-to-refuse" proposal? looks like you got the wrong organisation ... To decipher this one you need some experience of / understanding of Algeria and how their state is run (this is about ***state policy***), not of Incoterms or letters of credit ...
4 hrs
Better we, in the first instance. understand the difference between payment deferment or deferral & delay before querying Algeria's application of Incoterms, my exporting recollection of Maghrebian letters of credit or even reading of Albert Camus.
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