Read the summary and the most important questions on Blackstone's EU Treaties and Legislation 2013-2014 | 9780199678525 | Nigel Foster

• 1 Agent & Distributor

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• What is difference between agent and distributor 

  Agent finds customer, charges commission and does not sign contract on  behalf client

  Distributor buys and sells products and services for his own risk - no charges for service 

• art 101 prohibits price fixing, give example 

  1 or 2 distributors agree that product is cheaper on French market compared to German market - prohibit parallel import- this is not allowed by art. 101 

• Main difference with regard to Risk between CIF and FOB?

  With FOB buyer bear the risk when goods in hands o transporter

• Why always cargo insurance? 

  If no insurance, buyer bears the risk of goods are lost - no goods to sell - cannot pay the invoice

• What is sellers' interest insurance?

  In case CIF is not allowed SII protects seller against loss of goods and/or that buyer cannot pay due to loss of goods or if bury has underinsured the goods 

• What is Credit insurance?

  Insurance against not payment of customer, against catastrophe risk, and currency valuation risk, or country risk (Ukraine - bank transfer risk) 

  There must be real risk

• What is advantage of Bill of exchange? 

  You can sell the BOE to the bank discounted - they pay you now but bank has to wait 1 month on money and charges interest. In this case risk of no payment buyer is transferred to bank

• What is clean collection of Bill of Exchange? 

  Sellers Bank delivers a service as Agent for collection of the bOE and sellers credits the sellers bank account. Risk of no payment by buyer remains with the seller, amount is not discounted by bank

• What is a documentary collection of BOE?

  Bank transfer documents to the buyer in exchange of the payment (Risk of no payment remain s with seller) 

• What is Bill of Lading? 

  Title to the goods, means the undertaking that has tile of the goods can sell the goods when on board of ship