Volturabilità

English translation: Change in contracting party

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:Volturabilità
English translation:Change in contracting party
Entered by: EirTranslations

12:03 Jul 9, 2019
Italian to English translations [PRO]
Bus/Financial - Business/Commerce (general)
Italian term or phrase: Volturabilità
Never seen this term, pls see below thanks

Allegato 10 - Linee Guida per la volturabilità della Polizza Credito Fornitore (“CF”)
1.
Volturabilità di operazioni credito fornitore
Le strutture assuntive valutano la volturabilità di operazioni CF con cambiali effettuando le verifiche preliminari e coinvolgono le divisioni competenti come di seguito indicato.
La volturabilità delle Polizze CF è prevista senza necessità di ulteriori approfondimenti qualora il paese del soggetto emittente la cambiale ricada tra quelli che abbiano ratificato la Convenzione di Ginevra del 1930 sulla legge uniforme sulla cambiale e sul vaglia cambiario (la “Convenzione di Ginevra”).
La verifica sull’adesione del Paese alla Convenzione di Ginevra è svolta da Studi Economici su richiesta della struttura assuntiva.
Qualora il paese non ricada tra quelli che hanno ratificato la Convenzione di Ginevra, la struttura assuntiva richiederà alla divisione Legale di acquisire una Legal Opinion sul paese, indicando il centro di costo di COMPANY o il soggetto terzo (esportatore o debitore) responsabile dei relativi oneri
EirTranslations
Ireland
Local time: 13:48
Change in contracting party
Explanation:
This is a supplier credit policy protecting against payment default under extended payment terms, where the option exits to change the contracting party that is not necessarily the beneficiary of the policy.
Selected response from:

Alison Kennedy
Italy
Local time: 14:48
Grading comment
thx
4 KudoZ points were awarded for this answer



Summary of answers provided
4Change in contracting party
Alison Kennedy
3Substitutability; amenability to subrogation
Adrian MM.
3transferability
Shabelula


Discussion entries: 3





  

Answers


13 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
Change in contracting party


Explanation:
This is a supplier credit policy protecting against payment default under extended payment terms, where the option exits to change the contracting party that is not necessarily the beneficiary of the policy.

Alison Kennedy
Italy
Local time: 14:48
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 234
Grading comment
thx
Login to enter a peer comment (or grade)

1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
Volturabilità
Substitutability; amenability to subrogation


Explanation:
Another way of expressing Alison K's idea.

Anyway, compare substitutability of (people and) goods with subrogation of insurance parties and *wholesale* contract novation.

Not quite sure why Phil G. hasn't yet posted his suggested answer.

Example sentence(s):
  • Convenzione contro la doppia imposizione fiscale stipulata dall'Italia. Volturabilità polizza SACE. Assicurabilità Rischio sovrano.
  • Novation: the substitution of a new contract for an old one. The new agreement extinguishes the rights and obligations that were in effect under the old agreement.

    Reference: http://www.scottkom.com/articles/Five-author_Full_Substituta...
Adrian MM.
Austria
Native speaker of: Native in EnglishEnglish
PRO pts in category: 36
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2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
transferability


Explanation:
what do you think of this?

Shabelula
Italy
Local time: 14:48
Works in field
Native speaker of: Italian
PRO pts in category: 16
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