• Title/Summary/Keyword: time charter

Search Result 53, Processing Time 0.027 seconds

Time-critical Disaster Response by Cooperating with International Charter (국제재난기구 협업을 통한 적시적 재난대응)

  • Kim, Seong-Sam;Goo, Sin-Hoi;Park, Young-Jin
    • Journal of Korean Society for Geospatial Information Science
    • /
    • v.20 no.2
    • /
    • pp.109-117
    • /
    • 2012
  • Recently, large-scale multi-hazards have been occurred in the various areas of the world. A variety of Earth observation sensors such as satellite EO, aerial and terrestrial LiDAR have been utilized for global natural disaster monitoring. Especially, commercial satellites which observe the Earth regularly and repeatedly, and acquire images with cm-level high spatial resolution enable its applications to extend in the fields of disaster management from advanced disaster monitoring to timely recovery. However, due to existing satellite operation systems with some limitations in almost real-time and wide regional disaster response, close international collaborations between satellite operating organizations like NASA, JAXA, KARI etc. have been required for collecting satellite images in time through a satellite platform with multi-sensors or satellite constellation. For responding domestic natural disaster such as heavy snowfall and extreme rainfall in 2011, this paper proposes a disaster management system for timely decision-making; rapid acquisition of satellite imagery, data processing, GIS analysis, and digital mapping through cooperation with NDMI in Korea and International Charter-Space and Major disasters.

A Case Study on Damage for Detention in Voyage Charter: Focused on the Judgment in Korea (항해용선계약에서 체박손해금에 관한 사례연구: 국내 판결을 중심으로)

  • Yang-Kee Lee;Ki-Young Lee;Jin-Soo Kim
    • Korea Trade Review
    • /
    • v.45 no.4
    • /
    • pp.125-136
    • /
    • 2020
  • Freight charges are one of the major clauses in the voyage charter. However, in case of unexpected delays at loading and discharging ports, the owner of the ship would not be willing to cover the various costs he should bear by paying the freight receives from the charterer. Therefore, the shipowner, whose time and the ship would be both considered to be an expense, would try to reduce the laytime as least as possible when signing the charter party and to receive compensation such as demurrage and damage for detention from the charterer, just waiting for the agreed laytime to pass. In this study, we review the differences between demurrage and damage for detention and examine the acknowledgeable circumstances through the actual cases. Since the shipowner and the charterer do not often agree on the damage for detention from the respective contract, it is necessary to examine each. Besides, the shipowner and the charterer must acquaint the damage for detention and specify in a contract, to compensate for the actual loss of the shipowner.

The Case Study of the Violation of Speed and Bunker Consumption Rate at the Time Chartered Vessel - Focused on the Bulk Carriers - (정기용선선박의 선속 및 연료사용 유지의무 위반에 관한 분쟁사례 연구 - 벌크선을 중심으로 -)

  • Kim, Dong-Yol;Song, Young-Soo
    • Journal of Korea Port Economic Association
    • /
    • v.25 no.2
    • /
    • pp.231-246
    • /
    • 2009
  • The time charterer depends on speed and bunker consumption rate of time chartered vessel because it is related charterers' benefit. It is important role of stipulated speed and daily bunker consumption rate at the Time Charter Party, it is generated any dispute against speed and daily bunker consumption rate deficiency. The case of dispute is a restricted word of stipulated speed and daily bunker consumption rate at Charter Party as "about", "good weather or good weather day", "smooth water", "ocean current" and "without guarantee". It happens a dispute against speed and daily bunker consumption rate because it is not well-educated as a vessel operator regarding Time Charter Party interpretation.

  • PDF

A Study on the Liability for Third Party's Damage on the Time Charter-parties (정기용선계약에서 제3자 화물손해 책임에 관한 연구)

  • Shin, Hak-Sung
    • International Commerce and Information Review
    • /
    • v.15 no.2
    • /
    • pp.285-313
    • /
    • 2013
  • By the revision of the Commercial Code of Korea in 1991 and 2007, some provisions for the regulation of Time Charterparty have been introduced into our own maritime law system. But, those provisions are in their nature mainly the reproduction of the provisions prescribed in the standard forms of time charterparty which are widely used, such as BALTIME Charter and NYPE Form, and the subject matters of their regulation are restrictive, so that the applicability of the provisions is not desirable. The cargo is lost or damaged, the cargo owner should seek compensation form, or sue, the carrier as, traditionally, under the COGSA, the cargo carrier is responsible for loss of damage of cargo. However, it is difficult to determine who is the responsible carrier under charters. There is no test to determine the carrier, but the courts in every country generally consider the bill of lading. Although the master has general authority to sign bills of lading on behalf of the shipowner, he can also sign bills of lading for, and on behalf of, the charterer. In this case, the charter is considered the carrier. Furthermore, the charterer is authorized to contract with third parties on behalf of the shipowner and, as such, the responsible carrier is the shipowner. Therefore, when determining the carrier we should examine carefully the all factors and the circumstances surrounding the case. Also, negligence of a captain of a time-chartered ship causing damages to a third party. It will analyze the legal character of a time-charter contract, review judicial precedents on time-charter. The Inter-Club Agreement was drawn up and is intended to be a somewhat easier way of allocating liability for cargo claims between owners and charterers and, although there is still scope for disputes to arise, the Inter-Club Agreement does in fact to some extent make the allocation of liabilities for cargo claims easier. Finally, it will also make legislative suggestions to resolve complex issues involving maritime transportation contracts under the current Commercial Code.

  • PDF

A Study on the Changes of the Basic Principles for the Examination of Documents and of Transport Document Related Articles under UCP600 (UCP 600의 서류심사기준(書類審査基準)의 기본원칙(基本原則)과 운송서류관련조항(運送書類關聯條項)의 변경내용(變更內容)에 관한 연구)

  • Oh, Won-Suk;Seo, Kyeong
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
    • /
    • v.43
    • /
    • pp.117-142
    • /
    • 2009
  • The purpose of this paper is to examine the basic principles for the examination of documents in terms of the basic duty to examine the documents, the time allowed to the banks to examine the documents, linkage among the documents, the originality of documents and their issuers, and the rejection formula of documents. Further this author would look at the changes of particular transport document including bill of lading, charter-party bill of lading and so on. From the seller's perspective, the changes of the principles and individual documents under UCP600 are the most important in the sense that they affect the criteria against which the payment is made. The major changes include the omission of the phrase "with reasonable care", in terms of the basic examination principles, substitute the phrase "five banking days following the day of presentation" for the phrase "reasonable time, not to exceed seven banking days following the days of receipt of documents", introduce the new wording about the linkage between the documents tendered, and make clear the meaning of the originality of documents as well as the rejection formula. For transport documents, even though dealing with bill of lading, charter-party bill of lading, transport document covering at least two different modes of transport, freight-forwarder bill of lading and freight collect transport documents, this paper focuses on the "transhipment" of bill of lading and the definition of charter-party bill of lading. Thus, UCP has been changed several times to reflect the new banking customs and practice. It, however, would not answer every questions which users and banks will raise. These questions may be best answered in the particular underlying contract. The UCP are necessary but not a sufficient instrument for the smooth operation of an international trade transaction. The rules are now out: it remains to be seen what the players do with it.

  • PDF

Analysis of Factors Influencing the Composition of Oil Tanker Fleet of Domestic Refinery Companies

  • Bek, Gihon
    • Journal of Navigation and Port Research
    • /
    • v.27 no.3
    • /
    • pp.289-295
    • /
    • 2003
  • The international oil majors have been reducing the size of their own oil tanker fleet since early 1980s. Like international oil majors, the Korean refineries are becoming more dependent on tanker chartering rather than tanker ownership for their oil transportation since the 1990s. They also prefer spot charter to time charter and this kind of trend has continued up to now. Consequently, this paper attempted to find the factors influencing changes in tanker fleet composition. To attain the object of the paper, an empirical study is adopted using the ten decision-making factors derived from preceeding studies. The findings are that MARPOL and OPA 90, and transportation costs are the most important factors influencing an oil tanker fleet composition.

Comparison of Synchronization Phenomenon & the Changing Rate of the Charter Rates by major cities - Korea, Seoul, Busan, Daegu, Gwangju, Daejeon - (주요 도시별 전세가율의 동조화 현상과 변동률 비교 - 전국, 서울, 부산, 대구, 광주, 대전 -)

  • Choi, Jeong-Il;Lee, Ok-Dong
    • Journal of Digital Convergence
    • /
    • v.18 no.2
    • /
    • pp.197-204
    • /
    • 2020
  • The purpose of this paper is to find the direction by analyzing the synchronization phenomenon and the change rate of apartment charter rate in Korea, Seoul, Busan, Daegu, Gwangju and Daejeon. For this purpose, this study used a total of 239 monthly data from January 2000 to November 2019 in Kookmin Bank housing statistics. In the correlation analysis, Korea showed the highest relationship in order of Seoul, Busan, Incheon and Daegu. Seoul showed a low figure of 0.3 without any distinctive features from other cities. On the other hand, Busan, Daejeon and Daegu showed high correlations. As a result of the regression analysis, Korea and 5 major cities were all moving in the same direction with positive(+) values. And Busan and Seoul responded significantly to Korea. In the shock response, Korea is most shocked by the change in Seoul. Daegu is relatively shocked by Busan and Daejeon. Seoul's charter rate has declined most strongly in the last three years. Therefore, it is time to be careful not to incur losses due to gap investment. If we look at the relationship between the charter rate and the sale price in future studies, we can better understand the Korean apartment market.

A Study on Developing a Charter of Library Service and a Library Code of Conduct (도서관 이용서비스헌장 및 이용규정 개발에 관한 연구)

  • Hoang, Gum-Sook;Lee, Young-Sook
    • Journal of Korean Library and Information Science Society
    • /
    • v.43 no.2
    • /
    • pp.293-315
    • /
    • 2012
  • Recently there have been an increase in number of new library buildings and its users due to the demand of lifelong learning and cultural experiences of the local community and also the extension to their opening hours. At the same time there have been a growing number of problem users in local libraries. This seems closely associated with an increase in number of unemployment rates and their mental health issue. This causes a great challenge to the local libraries. in particular, to the front-line librarians. If these challenges are not dealt appropriately at all levels within the library organization the overall quality of services is likely to degrade leaving the general users dissatisfied and the staff adversely affected. Therefore in this study we propose a charter of library service and a library code of conduct to meet the aforementioned challenges and enhance the overall quality of library services.

A Study on the Loss Incurred by Withdrawal of Ship under Time Charter -Focused on the MT Kos Case- (정기용선계약상 본선회수에 따라 발생한 손해에 관한 연구 -MT Kos호 사건을 중심으로-)

  • Han, Nakhyun
    • Journal of Korea Port Economic Association
    • /
    • v.29 no.4
    • /
    • pp.265-288
    • /
    • 2013
  • The purpose of the study aims to analyse the loss incurred by withdrawal of ship under time charter based on the English Law with the MT Kos case. In this case, it is agreed that if the charterers had begun to make arrangements for the discharge of their cargo as soon as they received the owner's notice of withdrawal, the vessel would have been detained at Angra doe Reis for one day. As it was, she was detained there for 2.64 days. The issue is whether the owners are entitled to be paid for the service of the vessel during that 2.62 days, and for bunkers consumed in the same period. Their claim is put forward on three bases: (1) under clause 13 of the charterparty ; (2) under an express or implied new contract made after the vessel was withdrawn, to pay for the time and bunkers; and (3) under the law of bailment. The judge held they were entitled to succeed on basis (3), but rejected every other basis which they put forward. The Court of Appeal rejected the claim on all three bases, except that they allowed the owners to recover the value of bunkers consumed in actually discharging the cargo.