Business One 2005 in the US and license model

Hello,
I'd like to know if there is a difference between Business One in Europe and Business One in the US.
As far as I know it's the same cluster (A) so it's the same version right ?
is there a difference on the license mechanism ? it it license per seat (10 licenses = 10 user) or license sequential (10 licenses = 10 people can use at the same time, but it can be more than 10 users)
Thank you

Sébastien 
The Licensing is based on Named Users.  10 licenses = 10 users. 
I don't think there is any difference in licensing between US and Europe.
Suda

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