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A Study on the Rules for Resolving Documentary Credits Disputes (화환신용상(貨換信用狀) 분쟁해결(紛爭解決) 규칙(規則)에 관한 연구(硏究))

  • Park, Seok-Jae
    • Journal of Arbitration Studies
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    • v.8 no.1
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    • pp.353-375
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    • 1998
  • This study is focused on the rules for resolving documentary credits disputes. First, International Chamber of Commerce published Documentary Credit Dispute Expertise Rules on October 1, 1997. The DOCDEX Rules are the International Chamber of Commerce(ICC) response to a clear call from the international banking community for a rapid, cost effective, expert-based dispute resolution mechanism for documentary credit practice, including bank-to-bank reimbursement issues. Next, The International Center for Letter of Credit Arbitration was established in September 1996. The Center was founded as a result of an initiative from within the letter of credit community and has been co-sponsored by the United States Council on International Banking(USCIB) and the Institute of International Banking Law and Practice Inc. In September, ICLOCA adopted its "Rules of Arbitration for Letter of Credit Disputes." Therefore, parties to letter of credit disputes should choose a appropriate dispute resolution mechanism under the circumstances in the future.

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Terms of Letter of Credit and Standard for Examination of Documents (신용장조건(信用狀條件)과 서류심사(書類審査)의 기준(基準) 검토(檢討))

  • Kang, Won-Jin
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.13
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    • pp.495-513
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    • 2000
  • In this paper, I examined the terms of letter of credit and standard for examination of documents. In connection with the test of standard, I reviewed the bank's reasonable care, inconsistence and linkage between documents, non-documentary conditions and the treatment of discrepant documents. Traditionally credit law is founded on two principles such as the standards of strict of compliance and substantial compliance, but these standards are not consistency. Moreover although the Uniform Customs and Practice for Documentary Credits(UCP) introduces a new standard for examination of documents by incorporating international banking practice, the standards for documentary compliance have created ambiguity. Accordingly, I suggest that the standard requires strict compliance between party concerned in letter of credit transactions but only requires international standard banking practice in customer relationship. Therefore the standard and the specific guideline should be prescribed in the next version of the UCP.

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Online korean character recognition using letter spotting method (자소 탐색 방법에 의한 온라인 한글 필기 인식)

  • 조범준
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.21 no.6
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    • pp.1379-1389
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    • 1996
  • Hangul character always consists of consonants-vowel-consonants in order. Using this point, this paper proposes an approach to design a model for spotting each letter in Hangul, and then recognize characters based on the spotting results. The network model consist of a set of HMMs. The letter search is carried out by Viterbi algorithm, while character recognition is performed by searching the lattice of letter hypotheses. Experimental results show that, in spite of simple architecture of recognition, the performance is quite high reaching 87.47% for discrete regular characters. In particular the approach shows highly plausible segmentation of letters in characters.

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Feature Extraction of Letter Using Pattern Classifier Neural Network (패턴분류 신경회로망을 이용한 문자의 특징 추출)

  • Ryoo Young-Jae
    • The Transactions of the Korean Institute of Electrical Engineers D
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    • v.52 no.2
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    • pp.102-106
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    • 2003
  • This paper describes a new pattern classifier neural network to extract the feature from a letter. The proposed pattern classifier is based on relative distance, which is measure between an input datum and the center of cluster group. So, the proposed classifier neural network is called relative neural network(RNN). According to definitions of the distance and the learning rule, the structure of RNN is designed and the pseudo code of the algorithm is described. In feature extraction of letter, RNN, in spite of deletion of learning rate, resulted in the identical performance with those of winner-take-all(WTA), and self-organizing-map(SOM) neural network. Thus, it is shown that RNN is suitable to extract the feature of a letter.

Cognitive neuropsychological assesment in pure alexic patient with letter-by-letter reading using fMRl - Single case study - (주변성 난독증의 특성과 대뇌활성화 양상 - 단일사례연구 -)

  • Sohn, Hyo-Jeong;Pyun, Sung-Bom;Kim, Chung-Myung;Nam, Ki-Chun
    • Proceedings of the KSPS conference
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    • 2005.11a
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    • pp.137-140
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    • 2005
  • In this study we investigated the cognitive neuropsychological characteristics and the underlying mechanism in a letter-by-letter reading dyslexic patient after cerebral infarct of left posterior cerebral artery using fMRl, The results of cognitive neuropsychological assesment are visual perception was appropriate, and semantic categorization, picture naming and picture-word matching tasks were above83% correct, respectively. However, she was very poor in lexical decision task. The selective reading impairment is thought to result from the disruption of the left occipitotemporal region included fusiform gyrus. In fMRl results, the activation level increase din the right occipitotemporal region included fusiform gyrus compared with normal group in compensation for left impairment and more increased in pseudo word reading task than word reading on account of familiarity.

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A Study on Export Bond Insurance as a Security for Independent Bank Guarantee in International Transactions (국제거래에서 독립적 은행보증서에 대한 담보장치로서의 수출보증보험에 관한 연구)

  • Kim, Sang-Man
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.39
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    • pp.59-85
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    • 2008
  • An independent bank guarantee(aka an independent guarantee) is provided as an security on a principal obligor's performance of his obligation, and a guarantor should pay the guaranteed amount only upon a beneficiary's written demand. A standby letter of credit has been used in the United States, since it was construed that a bank should not issue a guarantee. There was wide misunderstanding that a standby letter of credit differs from an independent bank guarantee. However, a standby letter of credit is the same security as an independent bank guarantee, and in international business a standby letter of credit is not differentiated from a independent bank guarantee. An independent bank guarantee are independent from the underlying contract, unconditional, and irrevocable. And a guarantor should pay upon written demand without proving a principal obligor breaches the underlying contract. These features of an independent bank guarantee has been abused in international transactions. Thus it has been proposed that some exceptions to the features of an independent bank guarantee should be allowed. United Nations Convention on Independent Guarantees and Standby Letter of Credit(1995) stipulates some exceptions to payment obligation. Export bond insurance, a part of export insurances, operated by the Korea Export Insurance Corporation under the Export Insurance Act, is used as a security for unfair calling by a beneficiary under an independent bank guarantee. Most of the export subsides by the government are prohibited under WTO's Agreement on Subsidies and Countervailing Measures. However, as export insurance is allowed under the WTO, it operates a significant role in enhancing the export. In the event that export bond insurance is provided for a guarantor, an obligor who is subject to recourse by a guarantor, can be exempt from the recourse in case of unfair calling. The Korea Export Insurance Corporation, an insurer, bears unfair calling risk by a beneficiary. Generally it is understood that a demand shall be made before the expiry of an independent bank guarantee. However this is not absolutely true, it shall be decided by URDG, ISP98, the governing law.

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A Study on the Meaning of Letter-Shaped House Plan and the Housing Principles of the Imchonggak in Andong (안동(安東) 임청각(臨淸閣)의 문자형태(文字形態)에 나타난 의미(意味)와 택법(宅法)에 관한 연구(硏究))

  • Jang, Baec-Kie;Cho, Sung-Ki
    • Journal of architectural history
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    • v.10 no.3 s.27
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    • pp.25-43
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    • 2001
  • The purpose of this study is to investigate the meaning of letter-shaped house plan of the Imchongak in Andong and to Analyze its housing principles. The letter-shaped house plan of the Imchongak lays its root in the traditional Eastern thoughts, showing feature of Taolsm. The Imchongak applied the principles of a good land and a good house, which are originated from the Yonyang theory, Five elements theory, Poongsochiri, housing principles and letter shapes of good fortune. The letter shape of the Imchongak is 用(as below), and 日, 月, and 明 are contained in it. The lette 明means brightening the mind and life of human being by himself. The letter 用 is shaped to express the idea of Cheayong Theory of Confucianism, which refer to everlasting interaction of all thing in the universe. In applying the housing principles, Potaebob was used for the orientation of the house. Samhabbob, Jungeomjungyangbob and Dongsusataecbob were utilized to locate the gate. In addition, Dongsusataecbob was used for the positioning of rooms in most cases. The Imchongak succeeded traditional Eastern thoughts and it realized the concept and philosophical idea of Confucianism as a house. What is importan in the house plan of the Imchongak is that it repesents the ideal of Confucians in Chosun Dyansty that the man, house, nature, and universe are one. It also advocates ideology of Confucianism which emphasizes that a human life can be completed when man live together with the nature and harmonize themselves with it.

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A Study on the Development of a Korean Manual Alphabet Learning Game with Avatar (아바타를 내장한 한글 지문자 학습 게임 개발에 관한 연구)

  • Oh, Youung-Joon;Jung, Kee-Chul
    • Journal of Korea Game Society
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    • v.9 no.4
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    • pp.67-80
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    • 2009
  • In this paper, we described the development of a Korean Manual Alphabet (KMA) learning game with avatar. KMA letters correspond to the vocabulary of Korean Sign Language (KSL) when spelling a word. Each KMA letter corresponds to a letter of the Korean Alphabet (KA) and KA is represented as hand shapes by sign language user. We developed a KMA learning game for a beginner to learn KMA letters from sign language avatar and practice KMA presentation easily. The system composed of sign language teacher avatar GUI popup window based on OpenGL, KMA letter recognition module, KA letter raining game module and USB camera. A user learns a KMA letter with expressing KA syllabic from avatar and inputs a KMA letter to the system using USB camera. We evaluated the efficiency of the developed system through the verification of users.

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