This question was closed without grading. Reason: Answer found elsewhere
Mar 15, 2015 19:23
9 yrs ago
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French term

paiements sous réserves non autorisés

French to English Bus/Financial Transport / Transportation / Shipping INTERNATIONAL TRADE
THIS IS AN INCOMING SWIFT MESSAGE

INSTRUCTIONS TO THE PAYING/ACCEPTING/NEGOTIATING BANK

1: NOUS VOUS COUVRIRONS SELON LES INSTRUCTIONS CI-JOINTES CONTRE DOCUMENTS CONFORMES AUX TERMES DU CRÉDIT.

2l LES DOCUMENTS DOIVENT ÊTRE ENVOYÉS PAR COURIER RAPIDE À NOTRE ADRESSE AU MAROC.

3: PAIEMENTS SOUS RÉSERVES NON AUTORISÉS.

4: AU CAS OÙ CE CRÉDIT N'EST PAS CONFIRMÉ PAR VOS SOINS, IL DEVIENDRAIT UTILISABLE ET PAYABLE À NOS CAISSES.


This likely means conditional but I'd like confirmation of the term.
Change log

Mar 16, 2015 19:10: Yolanda Broad changed "Term asked" from "PAIEMENTS SOUS RESERVES NON AUTORISES" to "paiements sous réserves non autorisés"

Discussion

Howard Sugar Mar 16, 2015:
See also "The Unconditional Requirement
i.
UCC 3-106
1.
Limits negotiability to instruments that are absolute and include on their face all of the terms of payment a. Can’t Include Conditional Payment Obligation "
Howard Sugar Mar 16, 2015:
I found this sentence "Advances from one or more of your loan accounts with the Association may be transferred to your eligible funds held or advance conditional payment account(s) with the Association;"
Howard Sugar Mar 16, 2015:
You might say something like "unauthorized conditional payments"
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