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auswaschen

English translation: seek/rely on a wash-out (settlement)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:auswaschen
English translation:seek/rely on a wash-out (settlement)
Entered by: Edith Kelly

11:39 Jan 11, 2023
German to English translations [PRO]
Marketing - Agriculture / Harvest
German term or phrase: auswaschen
Ebenso wird die Weizenernte mit 11,5 Mio. t gegenüber der Ernte 21 mit 21,1 Mio. t um 54% kleiner ausfallen. Damit ist es unwahrscheinlich, dass die xxx Agrarindustrie ihre bereits eingegangen Exportverpflichtungen von ca. 9 Mio. t bei einem Inlandsbedarf von ca. 7,0 Mio. t Weizen vollständig erfüllen kann. Dies wird zu Deckungskäufen in anderen Regionen führen, ob die Fehlmengen dabei "ausgewaschen" oder in das nächste Jahr verschoben werden, bleibt abzuwarten.

Was ist damit gemeint?

Vielen Dank im Voraus
Edith Kelly
Switzerland
Local time: 13:16
seek/rely on a wash-out (settlement)
Explanation:
„Auswaschen“ ist einfach die Lehnübersetzung des englischen „Washout“. Dabei handelt es sich um eine besondere Art der Abrechnung bei Lieferverträgen, bei der die Ware nicht physisch geliefert wird, sondern die Parteien sich stattdessen auf einen Differenzausgleich einigen.

-"A wash-out is a special method of settlement in supply contracts. In these cases, the goods are not physically delivered. Instead, a difference settlement takes place between the parties.
This method is mainly used in grain and animal feed trading contracts and in oil and fat trading. Both the GAFTA / FOSFA contracts and the standard terms and conditions provide for this.
As a rule, in a supply chain, each party would pay the full purchase price to its respective seller and would receive the full purchase price from its own buyer. This is often not practicable. In addition, higher bank charges apply if the full purchase price has to be transferred."
https://www.owlaw.com/german-customs-law/10703-wash-out-cont...

- "The 'washout' value is the additional cost for the buyer to replace the pre-purchased contract grain with current market valued grain."
https://www.graintrade.org.au/sites/default/files/Publicatio...

-"Wash outs are common to all commodity trading. Common reasons for wash outs are a seller's inability to cover, to supply the goods under contract for reasons which cannot be considered "force majeure”.
https://www.btb.termiumplus.gc.ca/tpv2alpha/alpha-eng.html?l...

-"To wash out a Contract is to cancel the transactional arrangement due to various factors determined outside of AgriDigital. 
Once a washout has been agreed upon by the two parties, a user can complete the washout by executing one of the following:..."
https://knowledgebase.agridigital.io/hc/en-us/articles/36000...
Selected response from:

Johanna Timm, PhD
Canada
Local time: 04:16
Grading comment
great, thanks to all.
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +2smoothed out
Lancashireman
3 +2seek/rely on a wash-out (settlement)
Johanna Timm, PhD


  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
ausgewaschen
smoothed out


Explanation:
Xxx (Ukraine?) was contractually obliged to export 9m tonnes of wheat in 2022. It remains to be seen whether the shortfall will be smoothed out (made up from other sources) or be carried over into 2023.

Example:
April saw the introduction of new accounting regulations for student loans, allowing the projected shortfall to be smoothed out over the next 30 years.
https://www.theguardian.com/education/2014/oct/12/what-is-fu...

Lancashireman
United Kingdom
Local time: 12:16
Native speaker of: Native in EnglishEnglish
PRO pts in category: 79
Notes to answerer
Asker: Thanks a lot but no, not the Ukraine


Peer comments on this answer (and responses from the answerer)
agree  Simon Vigneault
28 mins
agree  Steffen Walter: "Sounds plausible, thanks for sharing!" ;-))
6 hrs
  -> Sounds familiar:-) Thanks.
Login to enter a peer comment (or grade)

7 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
seek/rely on a wash-out (settlement)


Explanation:
„Auswaschen“ ist einfach die Lehnübersetzung des englischen „Washout“. Dabei handelt es sich um eine besondere Art der Abrechnung bei Lieferverträgen, bei der die Ware nicht physisch geliefert wird, sondern die Parteien sich stattdessen auf einen Differenzausgleich einigen.

-"A wash-out is a special method of settlement in supply contracts. In these cases, the goods are not physically delivered. Instead, a difference settlement takes place between the parties.
This method is mainly used in grain and animal feed trading contracts and in oil and fat trading. Both the GAFTA / FOSFA contracts and the standard terms and conditions provide for this.
As a rule, in a supply chain, each party would pay the full purchase price to its respective seller and would receive the full purchase price from its own buyer. This is often not practicable. In addition, higher bank charges apply if the full purchase price has to be transferred."
https://www.owlaw.com/german-customs-law/10703-wash-out-cont...

- "The 'washout' value is the additional cost for the buyer to replace the pre-purchased contract grain with current market valued grain."
https://www.graintrade.org.au/sites/default/files/Publicatio...

-"Wash outs are common to all commodity trading. Common reasons for wash outs are a seller's inability to cover, to supply the goods under contract for reasons which cannot be considered "force majeure”.
https://www.btb.termiumplus.gc.ca/tpv2alpha/alpha-eng.html?l...

-"To wash out a Contract is to cancel the transactional arrangement due to various factors determined outside of AgriDigital. 
Once a washout has been agreed upon by the two parties, a user can complete the washout by executing one of the following:..."
https://knowledgebase.agridigital.io/hc/en-us/articles/36000...


Johanna Timm, PhD
Canada
Local time: 04:16
Native speaker of: Native in GermanGerman
PRO pts in category: 28
Grading comment
great, thanks to all.

Peer comments on this answer (and responses from the answerer)
agree  Steffen Walter: Convincing references (and Happy New Year!). In the given context, this needs a little rephrasing, though: "It remains to be seen whether the shortfall will be subject to (a) wash(-)out or be carried over into 2023." (second part borrowed from Andrew)
16 mins
agree  Lancashireman: Sometimes, the literal route turns out to be the best after all. The clue was there all along in the quote marks.
4 hrs
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