German term
OZ bis 60 Tage
Can anyone help me with what OZ stands for? Thanks!
| 3 | ordentliche Zahlungsfrist = ordinary payment period |
Stuart and Aida Nelson
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| Laut ... |
Steffen Walter
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| Perhaps |
Mack Tillman
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May 13, 2019 09:43: Silke Walter changed "Level" from "Non-PRO" to "PRO"
PRO (3): Steffen Walter, Björn Vrooman, Silke Walter
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Proposed translations
United Kingdom
English lawyer and German national
Native in: English (Variant: British) 
, Spanish (Variants: Standard-Spain, Latin American)
Works in: German to English, Italian to English, French to English, and 13 more.
ordentliche Zahlungsfrist = ordinary payment period
gemäß dem ordentlichen Gesetzgebungsverfahren
Superdividenden sind als außerordentliche Zahlungen und Entnahmen von Eigenkapital zu behandeln
Akkreditive, die Zusagen darstellen, eine Zahlung bei Vorlage bestimmter, vertraglich festgelegter Dokumente zu leisten;
https://eur-lex.europa.eu/legal-content/DE/TXT/PDF/?uri=OJ:L...
Der Rechnungs- und Ratenzahlungsbetrag ist nach Erhalt, allerspätestens 3 Tage nach Rechnungsdatum oder der vertraglichen Abmachung vollständig und ohne Abzug zahlbar (ordentliche Zahlungsfrist).
https://www.nettoadvertising.ch/agb/
A letter of credit is a payment term generally used for international sales transactions.
https://www.creditguru.com/index.php/credit-management/inter...
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Note added at 2 hrs (2019-05-13 10:52:19 GMT)
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Ordinary payment period up to 60 days
| neutral |
Steffen Walter
: Possible but not backed by any web refs. when performing a combined search for "ordentliche Zahlungsfrist" and "Akkreditiv" (both in inverted commas). I'd rather use "payment term", though.
13 mins
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Thank you, Steffen, There are ordentliche und außerordentliche Zahlungen, that is why I though of ordinary payment
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| neutral |
Birgit Gläser
: ich hab in 25 Jahren noch nie von einer "ordentlichen Zahlungsfrist" gehör, würde auch für den Typo für Laufzeit stimmen.
1 day 41 mins
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Reference comments
Germany
Top-Notch Service | Direct Clients Only
Native in: German (Variant: Germany) 
Works in: English to German, German to English, French to German, and 1 more.
Laut ...
| agree |
Björn Vrooman
: LZ = Laufzeit? Must be a typo because L and O are adjacent keys. Wiki does mention Akkreditivlaufzeit: https://de.wikipedia.org/wiki/Akkreditiv or Obligozeit, perhaps.
40 mins
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Ah, yes, that's a good idea (LZ instead of OZ). In that case, "term" would be sufficient, in my view.
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| agree |
Stuart and Aida Nelson
: Sorry, I haven't read your reference completely. I only saw laut :)... when I gave my answer, but now looking at it yes, you are right it has to do with Zahlungsziel and it can also be a typo for Laufzeit as suggested by Björn.
2 hrs
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Germany
Always striving to meet perfection!
Native in: German (Variant: Germany) , English (Variant: US)
Works in: German to English, English to German
Perhaps
First source:
Nach § 271a Abs. 1 BGB ist in Deutschland eine Vereinbarung, die eine Zahlungsfrist von mehr als 60 Tagen vorsieht, nur zulässig, wenn diese ausdrücklich getroffen und im Hinblick auf die Belange des Gläubigers nicht grob unbillig ist. Sofern es sich bei dem Schuldner um einen öffentlichen Auftraggeber handelt, darf die Zahlungsfrist maximal 30 Tage ab Zugang der Rechnung oder einer gleichwertigen Zahlungsaufstellung betragen.
Second source: ... Insbesondere Zahlungsziele von mehr als 30 Tagen in standardisierten Beschaffungs- und Einkaufsbedingungen und Zahlungsziele von mehr als 60 Tagen in allen anderen Verträgen sollten genauer überprüft werden. ...
| neutral |
Stuart and Aida Nelson
: Akkreditive haben meistens feste Zahlungsziele.
41 mins
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Certainly! My mistake.
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| neutral |
Steffen Walter
: I've never claimed "OZ" to be equivalent with "ohne Zahlungsziel/-frist", which wouldn't fit the letter of credit context anyway./Thanks. The fact that you inserted a colon in your comment ("Steffen is on the right track: ...") has led me astray.
1 hr
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I never stated that you did. Only said, that you might be on the right track. Sorry, wasn't my intention to mislead you.
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Discussion
Verfalldatum und Ort für die Dokumentenvorlage sind zwingend auszuweisen. Es empfiehlt sich, die Laufzeit des Akkreditivs realistisch zu bemessen.
https://www.weka.ch/themen/recht/finanzierung-und-sicherheit...
And after further thought, I am not quite sure if 'ordentliche und ausserordentliche Zahlungen' apply to letters of credit :)