Good day
Which products are available to protect the middleman (or buyer or seller) if the party on the other end does not perform according to the agreement? Are insurances available?
Example: the seller can't provide the full month's supply and the middleman is now responsible to the buyer for lost revenue.
Thank you for assisting.
J Reichert
Quoting from [Juane]:Good day
Which products are available to protect the middleman (or buyer or seller) if the party on the other end does not perform according to the agreement? Are insurances available?
Example: the seller can't provide the full month's supply and the middleman is now responsible to the buyer for lost revenue.
Thank you for assisting.
J Reichert
There is a product available to that extent. Its called product/service liability insurance. Here is the URL for the company in Taiwan which I highly reccommend as they are a world provider in this area of insurance. I use them myself. you will also notice if you mouse over (Partners) near the top of the page it also shows Liability Insurance from AIG.
http://www.aig.com/gateway/home/1-87-Taiwan_index.htm
Best regards,
Ranger
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Quoting from [Juane]:Good day
Which products are available to protect the middleman (or buyer or seller) if the party on the other end does not perform according to the agreement? Are insurances available?
Example: the seller can't provide the full month's supply and the middleman is now responsible to the buyer for lost revenue.
Thank you for assisting.
J Reichert
http://www.2sshoes.com/content.asp?content_id=8
probably you will find some good results in above site.
Janny
Quoting from [Juane]:Good day
Which products are available to protect the middleman (or buyer or seller) if the party on the other end does not perform according to the agreement? Are insurances available?
Example: the seller can't provide the full month's supply and the middleman is now responsible to the buyer for lost revenue.
Thank you for assisting.
J Reichert
You can cooperation with the manufactures directly,If the company has a good credit,credit is the way that can protect the middleman. The sell can also provide the full month's supply.If the party on the other end does not perform the agreement, the insurances should also available.
Quoting from [Juane]:Hi Juanne,
Good day
Which products are available to protect the middleman (or buyer or seller) if the party on the other end does not perform according to the agreement? Are insurances available?J Reichert
1. A Buying agent, there are some Trading Agent (export-Import) can take part.
such as Merchantile of Maersk-Sealand group, Kuhne-Nagel Sigma Trans
and other Trading/Buying agent with are available with such services...
we can find many in Garment, footware, rattan furniture etc.... open via search
engine and you will find many of trading coy/ buying agent that work that way.
2. Insurance for such risk, yes they are.... in my country is Export Insurance Svc
(AJI) in your country some of Foreign Insurance company was there, such us
Myer, Llyod, American Trust, JP Morgan and a few. just see yellow page or
simply call to your bank to get such Info, if not get it, call direct to your chamber
of commerce or to WTC (World Trade Center) . it easy to find.
Good Luck !
Quoting from [Juane]:I am finding this kind of insurance these days.Good day
Which products are available to protect the middleman (or buyer or seller) if the party on the other end does not perform according to the agreement? Are insurances available?
Example: the seller can't provide the full month's supply and the middleman is now responsible to the buyer for lost revenue.
Thank you for assisting.
J Reichert
Quoting from [Juane]:Good day
Which products are available to protect the middleman (or buyer or seller) if the party on the other end does not perform according to the agreement? Are insurances available?
Example: the seller can't provide the full month's supply and the middleman is now responsible to the buyer for lost revenue.
Thank you for assisting.
J Reichert
You are the best insurance.
Find a reliable supply and negotiate with them. Sign an agreement with the manufacturer if you can get this from your supplier maybe it's time to find a new supplier and this applies to both suppliers and buyers.
If people were more honest and realistics in their time-frame such issue should not arise. On top of this if you are a good at what you do then you can find the right customer or supplier. People are understanding, you just need to be open and honest with them. Don't try to bit off more than you can chew. If they deal is too big and you can not handle the volume then work on something small.
If you think and need to rely on insurance to protect you, perhaps you may need to re-assess your business strategy?
No offence intended to anyone. Just merely expression a thought.
Quoting from [Juane]:Good day
Which products are available to protect the middleman (or buyer or seller) if the party on the other end does not perform according to the agreement? Are insurances available?
Example: the seller can't provide the full month's supply and the middleman is now responsible to the buyer for lost revenue.
Thank you for assisting.
J Reichert
If there be any Insurance Company involve, they will first want to know about the sale contract and the Court of Arbitration. Insurance company will not want to insure if there is too much risk.
If the Sale Contract is good, meaning you can seek legal restitution, then you probably can sue the supplier.
I would imagine that there must be a sale contract between Buyer and Seller, if there is the middle man is free from any legal liability. But if it is only a contract between you with the Buyer, without making sure first that you made a similar contract with the supplier, then it is very unfortunate.
Sometime it is better to just sign a NCND with the buyer/supplier and let them meet, earn the commission if there is any sale, rather then being in the situation you are in now. Of course, there will be disadvantage, but at least you are proctected. If they defrauded on the NCND, at least you can sued them instead.