• Title/Summary/Keyword: Confirming Bank

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A Consideration on Fraud Exception and the Principle of Independence under the L/C transaction (신용장의 독립성의 원칙의 예외로서의 사기원칙에 관한 고찰)

  • Lee, Jong-Won
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.34
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    • pp.55-74
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    • 2007
  • The documentary credit has been functioning as an indispensable tool for making international commercial transactions safer throughout the world since ICC adopted the second revision of the Uniform Customs and Practices for Commercial Documentary Credits in 1962. Letter of Credit transaction should be cleared by the principle of the trust and integrity and vile partners sometimes make a fraud on the L/C by the misinterpretation of the documents. As there is no rule but no exception, exception from application of these principles is allowed. The fraud exception nile constitutes contracting out an application of basic principles, this rule should apply restrictively and in many authorities a court does not apply this rule to nominated bank, confirming bank, and bona fide holder of draft even if fraud is involved in L/C transactions. If not, we lose a lot of benefits from the credit as valuable commercial device through reservation of these principles to take a few benefits. So, We need to recognize that the fraud exception rule should be applied restrictively. Therefore, this study reviewed condition of application and exception from application of fraud exception rule in view of Cardozo's opinion, the Sztejn court, and UCC Sections-114(2).

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Molecular Characterization of Nippostrongylus brasiliensis (Nematoda: Heligmosomatidae) from Mus musculus in India

  • Chaudhary, Anshu;Goswami, Urvashi;Singh, Hridaya Shanker
    • Parasites, Hosts and Diseases
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    • v.54 no.6
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    • pp.743-750
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    • 2016
  • Mus musculus (Rodentia: Muridae) has generally been infected with a rodent hookworm Nippostrongylus brasiliensis. In this report, we present morphological and molecular identification of N. brasiliensis by light and scanning electron microscopy and PCR amplification of mitochondrial cytochrome c oxidase subunit 1 (cox1) gene and the protein sequences encoded by cox1 gene, respectively. Despite the use of N. brasiliensis in many biochemistry studies from India, their taxonomic identification was not fully understood, especially at the species level, and no molecular data is available in GenBank from India. Sequence analysis of cox1 gene in this study revealed that the present specimen showed close identity with the same species available in GenBank, confirming that the species is N. brasiliensis. This study represents the first record of molecular identification of N. brasiliensis from India and the protein structure to better understand the comparative phylogenetic characteristics.

First Report of Freesia sneak virus in Freesia spp. in Korea

  • Yoon, Ju-Yeon;Choi, Youn-Jung;Choi, Gug-Seoun;Choi, Seung-Kook
    • Research in Plant Disease
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    • v.19 no.4
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    • pp.313-318
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    • 2013
  • In March, 2013, twenty symptomatic freesia plants (10 plants of cultivar Shiny Lemon and 10 plants of cultivar Shiny Gold), with striking virus-like symptoms were collected in Cheongju, Korea. The plants showed chlorotic, coalescing, interveinal, whitish, necrotic, mosaic, mottling or dark brown-to-purple necrotic spots on leaves. Freesia crude sap was directly analyzed by transmission electron microscopy, which potyvirus particles as well as long virus-like particles were detected. Total RNA extracts were analyzed for the infection of Freesia sneak virus (FreSV) by reverse transcription (RT)-PCR with primers specific to FreSV coat protein (CP) gene based on the sequences of FreSV isolates (GenBank No. GU071089, FJ807730 and DQ885455), showing 9 of 20 plants were infected. All 1305bp RT-PCR products were cloned and sequenced. Comparisons of nucleotide and deduced amino acid sequences using BLAST and bioinformatics tools resulted in 99 to 100% sequence identity with FreSV isolates FOV, Virginia, and Italy, confirming FreSV in 9 symptomatic freesia plants. Of 9 determined cDNAs of FreSV isolates, sequences of 5 cDNA clones were identical (GenBank No. AB811437) and sequences of 4 cDNA clones were identical (GenBank No. AB811792). To our knowledge, this is the first report of FreSV from Freesia spp. in Korea.

Tree-Ring Dating of Wood Elements of Jibokjae, Hyubgildang and Palujung at Kyungbok Palace in Seoul (경복궁 집옥재, 협길당 및 팔우정 목부재의 연륜연대 분석)

  • Lee, Kwang-Hee;Park, Won-Kyu
    • Journal of the Korea Furniture Society
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    • v.21 no.1
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    • pp.17-25
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    • 2010
  • Three buildings -Jibokjae, Hyubgildang and Palujung- are connected each other and consist of a library and reception complex for royal kings at Kyungbok Palace in Seoul. Jibokjae and Hyubgildang were known to have been moved from Changdok Palace in A.D. 1891. No construction records have been known for Palujung. In 2004, during repair of three buildings, a dendrochronological analysis was conducted to examine their building histories. We took 67 wood samples for dendrochronological analysis; 20 from Jibokjae, 37 Hyubgildang and 10 Palujung, respectively. The results showed that the felling dates of Jibokjae and Hyubgildang woods were A.D. 1877-1879/1880, indicating original construction of two buildings at early 1880s. Felling dates of Palujung were 1886-1889/1890, those of roof filling timbers 1890 and the connection part between Hyubgildang and Jibokjae 1886, confirming 1891's movement of Hyubgildang and Jibokjae and adding a new building, Palujung.

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Occurrence of Downy Leaf Spot on Juglans regia Caused by Microstroma juglandis in Korea (Microstroma juglandis에 의한 호두나무 흰곰팡이병 발생)

  • Lee, Sang-Hyun;Lee, Seung-Kyu;Park, Ji-Hyun;Cho, Sung-Eun;Shin, Hyeon-Dong
    • Research in Plant Disease
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    • v.17 no.3
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    • pp.386-390
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    • 2011
  • In June 2011, walnuts (Juglans regia) from orchards in Kimcheon and Muan, in southern Korea, were found to exhibit downy mildew-like symptoms of a foliar disease. Whitish polygonal efflorescence was produced on the abaxial surface of affected leaves and discolored light green blotches on the corresponding adaxial surfaces. In the later stage of disease development, diseased tissues collapsed and became necrotic. Based on morphological and cultural characteristics, the causal fungus was identified as Microstroma juglandis. The sequence of ITS rDNA of the present isolate showed 100% similarity with those of M. juglandis obtained from GenBank databases, thus confirming its identity. Pathogenicity tests were conducted on leaves of walnut seedlings, fulfilling Koch's postulates. The disease has been previously reported in North America, Europe, Oceania and some western Asia. This is the first report of downy leaf spot on walnuts in East Asia.

Seroprevalence of Plasmodium vivax Circumsporozoite Protein Antibody in High-Risk Malaria Areas in Korea

  • Lee, Jinyoung;Jin, Kyoung;Ahn, Seong Kyu;Lee, Sung-Keun;Kwon, Hyung Wook;Na, Byoung-Kuk;Kim, Tong-Soo
    • Parasites, Hosts and Diseases
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    • v.59 no.4
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    • pp.415-419
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    • 2021
  • The circumsporozoite protein (CSP) of Plasmodium spp. is a diagnostic antigen and useful biomarker for monitoring short-term/seasonal changes to malaria transmission. Using P. vivax CSP antibody ELISA, epidemiological characteristics were analyzed in the residents of Ganghwa, Cheorwon, Paju, and Goseong from 2017 to 2018. In Ganghwa and Cheorwon, 1.6% and 1.2% of residents, respectively, were PvCSP-antibody-positive in 2018, which indicates a decrease of 0.4% in the positive rate compared to 2017. The annual parasite incidence (API) in Ganghwa and Cheorwon was 24.9 and 10.5 in 2017 and 20.3 and 10.7 in 2018, respectively. Although the changes were not significant, the API in Ganghwa decreased slightly by 4.5 in 2018 compared to the previous year. In Paju and Goseong, 3.9% and 2.0% of residents were positive for the PvCSP antibody. The API in Paju was 13.1 in 2017 and 16.0 in 2018, although no malaria patients were reported for the 2 years. Therefore, the results suggest that PvCSP is a useful antigen for confirming initial malaria infection. Additionally, considering that the antibody is relatively transient, it can be employed for sero-epidemiological studies to determine the extent of malaria transmission in the current year.

First Report of Web Blight of Rosemary (Rosmarinus officinalis) Caused by Rhizoctonia solani AG-1-IB in Korea

  • Aktaruzzaman, Md.;Kim, Joon-Young;Afroz, Tania;Kim, Byung-Sup
    • Mycobiology
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    • v.43 no.2
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    • pp.170-173
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    • 2015
  • Herein, we report the first occurrence of web blight of rosemary caused by Rhizoctonia solani AG-1-IB in Gangneung, Gangwon Province, Korea, in August 2014. The leaf tissues of infected rosemary plants were blighted and white mycelial growth was seen on the stems. The fungus was isolated from diseased leaf tissue and cultured on potato dextrose agar for identification. The young hyphae had acute angular branching near the distal septum of the multinucleate cells and mature hyphal branches formed at an approximately $90^{\circ}$ angle. This is morphologically identical to R. solani AG-1-IB, as per previous reports. rDNA-ITS sequences of the fungus were homologous to those of R. solani AG-1-IB isolates in the GenBank database with a similarity percentage of 99%, thereby confirming the identity of the causative agent of the disease. Pathogenicity of the fungus in rosemary plants was also confirmed by Koch's postulates.

A Review of Stream Assessment Methodologies and Restoration: The Case of Virginia, USA

  • Bender, Shera M.;Ahn, Chang-Woo
    • Environmental Engineering Research
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    • v.16 no.2
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    • pp.69-79
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    • 2011
  • Rapid population growth and land use changes have severely degraded streams across the United States. In response, there has been a surge in the number of stream restoration projects, including stream restoration for mitigation purposes. Currently, most projects do not include evaluation and monitoring, which are critical in the success of stream restoration projects. The goal of this study is to review the current status of assessment methodologies and restoration approaches for streams in Virginia, with the aim of assisting the restoration community in making sound decisions. As part of the study, stream restoration projects data from a project in Fairfax County, Virginia was assessed. This review revealed that the stream assessment methodologies currently applied to restoration are visuallybased and do not include biological data collection and/or a method to incorporate watershed information. It was found from the case study that out of the twenty nine restoration projects that had occurred between 1995 and 2003 in Fairfax County, nineteen projects reported bank stabilization as a goal or the only goal, indicating an emphasis on a single physical component rather than on the overall ecological integrity of streams. It also turned out that only seven projects conducted any level of monitoring as part of the restoration, confirming the lack of evaluation and monitoring. However, Fairfax County has recently improved its stream restoration practices by developing and incorporating watershed management plans. This now provides one of the better cases that might be looked upon by stakeholders when planning future stream restoration projects.

An Exploration of Dynamical Relationships between Macroeconomic Variables and Stock Prices in Korea

  • Lee, Jung Wan;Brahmasrene, Tantatape
    • The Journal of Asian Finance, Economics and Business
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    • v.5 no.3
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    • pp.7-17
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    • 2018
  • This paper examines short-run and long-run dynamic relationships between selected macroeconomic variables and stock prices in the Korea Stock Exchange. The data is restricted to the period for which monthly data are available from January 1986 to October 2016 (370 observations) retrieved from the Economic Statistics System database sponsored by the Bank of Korea. The study employs unit root test, cointegration test, vector error correction estimates, impulse response test, and structural break test. The results of the Johansen cointegration test indicate at least three cointegrating equations exist at the 0.05 level in the model, confirming that there is a long-run equilibrium relationship between stock prices and macroeconomic variables in Korea. The results of vector error correction model (VECM) estimates indicate that money supply and short-term interest rate are not related to stock prices in the short-run. However, exchange rate is positively related to stock prices while the industrial production index and inflation are negatively related to stock prices in the short-run. Furthermore, the VECM estimates indicate that the external shock, such as regional and global financial crisis shocks, neither affects changes in the endogenous variables nor causes instability in the cointegrating vector. This study finds that the endogenous variables are determined by their own dynamics in the model.

Clinical Study on the Alveolar Bone Repair Capacity of Dentin Matrix Block (Dentin Matrix Block의 치조골 복원 능력에 관한 임상적 연구)

  • Kim, Kyung-Wook
    • Maxillofacial Plastic and Reconstructive Surgery
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    • v.35 no.1
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    • pp.55-59
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    • 2013
  • In the oral and maxillofacial area, bone defects are created by various reasons and demand for bone grafts, while dental implant implantation has been increased consistently. To solve these problems, there has been development of autogenous tooth-bone graft material (AutoBT$^{(R)}$, Korea Tooth Bank Co., Korea), and we have collected ground reasons to substitute free autobone graft with this material in clinical use. This autogenous tooth-bone graft material is produced in powder type and block type. Block type is useful in esthetic reconstruction of the defect site and vertical and horizontal augmentation of alveolar bone because this type has high strength value, well maintained shape and is less absorbed. Therefore, the author of this study gained favorable result by grafting the block type autogenous tooth-bone graft material after dental implant implantation on the bone defects of the mandibular molar extraction site. Moreover, the author represents this case with literature review after confirming bone remodeling on the computed tomography image and by histological analysis.