Glossary entry (derived from question below)
French term or phrase:
(lettre de crédit) \"payable à vue ouverte\"
English translation:
payable on demand
Added to glossary by
Jenny Duthie
Jul 1, 2020 11:47
3 yrs ago
34 viewers *
French term
(lettre de crédit) "payable à vue ouverte"
French to English
Bus/Financial
Transport / Transportation / Shipping
supplies contract
could this be (letter of credit) "payable on opening"? or "payable once opened"? Thanks in advance!
Here is the full paragraph, for info:
ARTICLE 08 : MODALITES DE PAIEMENT
L'acheteur s'acquittera des sommes dues au titre du présent contrat, comme suit :
Paiement 100% par lettre de crédit irrévocable et confirmée payable à vue ouverte auprès de la banque du Vendeur 30 jours avant la date de la livraison, dune validité de 03 mois, contre la remise des documents suivants :
/ Factures originales définitives (06 exemplaires).
/ Connaissement maritime.
/ Certificat de conformité.
/ Certificat d'origine.
/ Certificat de contrôle de qualité.
/ EXA ou EX1
/ Eurl
/ Liste de colisage en deux exemplaires.
Here is the full paragraph, for info:
ARTICLE 08 : MODALITES DE PAIEMENT
L'acheteur s'acquittera des sommes dues au titre du présent contrat, comme suit :
Paiement 100% par lettre de crédit irrévocable et confirmée payable à vue ouverte auprès de la banque du Vendeur 30 jours avant la date de la livraison, dune validité de 03 mois, contre la remise des documents suivants :
/ Factures originales définitives (06 exemplaires).
/ Connaissement maritime.
/ Certificat de conformité.
/ Certificat d'origine.
/ Certificat de contrôle de qualité.
/ EXA ou EX1
/ Eurl
/ Liste de colisage en deux exemplaires.
Proposed translations
(English)
| 4 | payable on demand issued by the Seller's bank |
Elena Skokova
|
| 4 | sight letter of credit |
Francois Boye
|
Proposed translations
2 hrs
Elena Skokova
France
France
Specializes in field
France
10 years in a flagman SSC, project mngmt
Native in: Russian 
Works in: English to Russian, Russian to English, French to Russian, and 3 more.
Related KudoZ points
:
4
French term (edited):
(lettre de crédit) \\\"payable à vue ouverte\\\"
Selected
payable on demand issued by the Seller's bank
"vue" means bank demand here
Peer comment(s):
| neutral |
Daryo
: you should correct the parsing before answering - you made it look as if "Seller's bank" is the one asking for payment, while in fact they are the Bank doing the payment.
37 mins
|
4 KudoZ points awarded for this answer.
Comment: "I would just say "payable on demand", thanks! "
3 hrs
Francois Boye
United States
United States
Native in French
United States
An economic geek with social skills
Native in: French 
Works in: English to French, French to English, Spanish to English, and 1 more.
Related KudoZ points
:
8
sight letter of credit
A sight letter of credit refers to a document that verifies the payment of goods or services, payable once it is presented along with the necessary documents.
This type of letter of credit is payable to the beneficiary once the required documents are presented to the financial institution backing the letter.
Sight letters of credit give each party involved in the transaction some degree of protection and decreases some of the risk involved with business, especially when it comes to international dealings.
A sight letter of credit involves three parties including the buyer, the issuing bank, and the seller
Source: https://www.investopedia.com/terms/s/sightletterofcredit.asp
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Note added at 11 hrs (2020-07-01 23:44:37 GMT)
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'lettre de crédit irrévocable et confirmée payable à vue ouverte auprès de la banque du Vendeur' = irrevocable letter of credit that is confirmed at sight and is backed by the seller's bank
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Note added at 1 day 3 hrs (2020-07-02 15:25:47 GMT)
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Another translation:
'lettre de crédit irrévocable et confirmée payable à vue ouverte auprès de la banque du Vendeur' = irrevocable, sight letter of credit with the backing of the seller's bank
This second translation is based on the fact that a sight letter of credit is both payable at sight and backed by a bank.
This type of letter of credit is payable to the beneficiary once the required documents are presented to the financial institution backing the letter.
Sight letters of credit give each party involved in the transaction some degree of protection and decreases some of the risk involved with business, especially when it comes to international dealings.
A sight letter of credit involves three parties including the buyer, the issuing bank, and the seller
Source: https://www.investopedia.com/terms/s/sightletterofcredit.asp
--------------------------------------------------
Note added at 11 hrs (2020-07-01 23:44:37 GMT)
--------------------------------------------------
'lettre de crédit irrévocable et confirmée payable à vue ouverte auprès de la banque du Vendeur' = irrevocable letter of credit that is confirmed at sight and is backed by the seller's bank
--------------------------------------------------
Note added at 1 day 3 hrs (2020-07-02 15:25:47 GMT)
--------------------------------------------------
Another translation:
'lettre de crédit irrévocable et confirmée payable à vue ouverte auprès de la banque du Vendeur' = irrevocable, sight letter of credit with the backing of the seller's bank
This second translation is based on the fact that a sight letter of credit is both payable at sight and backed by a bank.
Discussion
lettre de crédit
--- irrévocable et
--- confirmée
--- payable à vue
--- ouverte auprès de la banque du Vendeur 30 jours avant la date de la livraison,
--- d'une validité de 03 mois,
--- contre la remise des documents suivants :
....
"30 jours avant la date de la livraison" = date de l'ouverture de la lettre de crédit, NON du paiement; le paiement intervient APRÈS la livraison, sur présentation des documents énumérés.