• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.69
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• pp.127-151
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• 2016

UNIDROIT Principles of International Commercial Contracts(PICC) was published in 1994. PICC has been functioned as a guideline of international commercial contracts, an applicable law to govern a contract by the agreement of the parties to a contract, general principles of law and lex mercatoria. In addition, PICC has a role of interpreting or supplementing international uniform law instruments as well as domestic laws, and also has served as a model for national and international legislations. PICC has been accepted as a authoritative source of knowledge of international trade usages of international commercial contracts to the arbitral tribunal rather than domestic court because it excluded the characteristics of hard law at the drafting stage. This article dealt with the rule on gross disparity of validity which fall outside the scope of UN Convention on Contract for the International Sale of Goods(CISG), which has obtained a leading legal position of uniform law in international sales of good. In other words, PICC suggests a series of meaningful solutions to the issue of gross disparity of contract which is the most complicated among legal disputes occurring during the process of conclusion of contact and also extremely different and diverse between legal systems. This article covered the issue of gross disparity of contract at the conclusion of contact and suggested the legal basis of several rules related to the gross disparity by analysing gross disparity rule of PICC. Furthermore, this article suggested legal check points or implication as well as interpretation and evaluation on doctrine of laesio enormis and undue influence or unconscionability. This article also dealt with a comparative analysis with Principles of European Contract Law(PECL) and Common European Sales Law(CESL) which have important legal positions in the area of international commercial contract as well as in terms of close relationship to PICC by linking with recent court or arbitral tribunal rulings.

• Journal of Advanced Navigation Technology
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• v.2 no.2
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• pp.143-156
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• 1998

Incheon International Airport(IIA) is planned to open in about two years. Korean government has an ambition to make IIA a major hub airport in Northeast Asia. The most essential and required condition for an airport to be a successful hub airport in a certain region is to have more efficient flight service network than the other airports in the same region. IIA should compete with Japanese airports to be a major hub in Northeast Asia because Japanese government also has a plan to expand greatly the airport capacity in Tokyo area and Kansai airport in Osaka. It is necessary for both IIA and Korean national air carriers to compose efficient flight service network considering hub competition with Japanese major airports. As the liberalization of international air transport industry would give more marketing freedom to airlines, they would plan the flight service network and flight schedule based on market analysis instead of governmental regulations. In the economically liberalized environment, it is very required to analyze air passengers' flight choice behaviour in order to induce other carriers and passengers through IIA's attractive flight service network. Disaggregate model is more appropriate than aggregate model to analyze consumers' behaviour. The information derived from disaggregate choice model of air passengers could be utilized in devising efficient flight network and schedule plan. Value of travel time or trade off ratio between flight frequency and travel time which could be estimated from discrete choice model could be utilized for scheduling an efficient flight plan for airlines and composing efficient flight service network for IIA.

• Journal of Navigation and Port Research
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• v.32 no.8
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• pp.659-665
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• 2008

This thesis describes the key elements for efficient customs clearance system which can facilitate flow of maritime container cargo in the pier area of Busan port, on the basis of considering great changes on international trade environment, development of customs clearance system, variation of commercial container traffic, and diverse views originated from field experience in the distribution industry. To facilitate the flow of maritime containers, reform plan of bonded-transportation and import declaration is proposed to relieve the customs restriction during the days from discharging cargos to taking them into bonded warehouse. Also, various plans to strengthen maritime security, such as customs exam of high-risk export cargos in loading port, pre-declaration of transit container replacement, container tracing system, are proposed to improve Busan port's competitiveness in safety.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• v.29 no.1
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• pp.423-428
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• 2005

Due to the fast growing rate of the global container trade, every major port is under the pressure of meeting the projected capacity demand. As a result, alternative solutions have been sought for improving capacity and meeting the growing demand for container storage area and terminal capacity. Moreover, material handling process re-engineering is now a critical issue for logistics and supply chain managers of airline, shipping lines, terminal and warehousing enterprises around the world. Therefore, the purpose of this paper is to develop the 3D simulator for executing performance valuation of port transportation systems. The developed 3D simulator system is to measure the effectiveness of the proposed total system and compare it with existing practices. The performance analysis variables are also defined for these comparisons.

• Journal of Navigation and Port Research
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• v.28 no.3
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• pp.177-184
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• 2004

The purpose of this study is to identify and evaluate the competitiveness of container ports in ASEAN(Association of Southeast Asian Nations) and Korea, which plays a leading role in basing the hub of international logistics strategies at the onset of the 21st century. Its ultimate purpose is to consider the relevant policy-making by comparing the competitiveness of ASEAN and Korea's container ports. This paper adopted the HFP method, which is an empirical analysis that evaluated the port competitiveness by quantifying it a, a qualitative attribute in the aforementioned area, where both ASEAN and Korea vie with each other for increasing container throughput. The results of this study showed that Singapore ranked the first in the subject of study in view of the competitiveness, followed by Busan(2) and Manila(2) as a leading group of the relevant ports in international logistics strategies. This analytic evaluation contributes to the empirical approach applied to policy-making by the HFP method, which is the newest research technique in social science through the comparative study of port competitiveness between ASEAN and Korea.

• Journal of Korea Port Economic Association
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• v.23 no.1
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• pp.61-73
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• 2007

Creating more efficient and effective intermodal transportation service in Northeast range is a critical issue because of more increased trade volume & demand for intermodal service in the world market and geographical barriers associated with goods transportation, especially in Korea, China and Japan. This study examines the possibility of Rail-ferry introduction and possible route in Northest area which can provide each country mutual economical and logistical satisfaction. But, this study requires more empirical and concrete examination based on the cost & benefit analysis.

• Journal of Korea Port Economic Association
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• v.30 no.3
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• pp.15-37
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• 2014

Sustainability is a broad concept involving economic, social and environmental issues in operational and managerial processes. To assist ports to implant sustainability practices into their operations, this paper conceptualizes the structure of sustainability practice in port operations, based on interviews undertaken at Busan port in early 2013. Results revealed that, as a strategic practice to improve their internal business processes, sustainability practices necessitate the simultaneous pursuit of container traffic growth, low environmental impacts and corporate responsible image making, operational efficiency, efficiency of the use of the port area and sustainable growth. Through thematic analysis, the relevant practices were clustered into four sub-dimensions incorporating environmental technologies, continual monitoring and upgrading, internal process improvement, and cooperation and communication. Further, reporting the relevant issues such as barriers and challenges in carrying out sustainability practices, the findings provide useful insights for strategic agenda to assist ports to incorporate sustainability practices in their operations.

• Journal of Navigation and Port Research
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• v.26 no.4
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• pp.383-390
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• 2002

The time cost of ship end cargoes is one of the most important data for decision-making of port investment and operational efficiency. Studies in this area were initiated internationally by Goss and Mann in late 70's and also done in Korea 10 years ago using the same methodology as Goss. The main purpose of this paper is to revisit to estimate the time cost using updated data. The estimation was undertaken sampling data on various investment and operating costs by vessel from 205 vessels, comprising 47.5％ of the notional fleet in Korea as well as on cargoes from international trade statistics. Compared with the study of 10 years ago, major finding of this research is that time costs of liquid and dry bulk carriers have increased, in case of the former type, showing almost doubled cost increase. The increase is deemed to be caused by very expensive LNG carriers. Lowered social discount rate in this study compared with 10 years ago, in general, has mused the costs to stay at similar level to the previous study. Sensitivity tests were conducted using various social discount rates.

• Transactions of the Korean Society of Mechanical Engineers B
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• v.35 no.12
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• pp.1293-1300
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• 2011

The configurations of the evaporator and condenser of a water chiller can be determined from the trade-off between the heat transfer area, which is related to the capital cost and the pressure drop, which is associated with the operational cost. In this study, the design of the water chiller focused on minimizing the water pressure drop of both condenser and evaporator for given cooling capacity and requirements. Commercial enhanced tubes were employed to simulate real-life conditions. The results of the present analysis were compared with those obtained by HTRI software for verifying them. The results indicated that a reduction in the water pressure drop, which is associated with the short length of a tube, can be effected by decreasing the number of tube passes and increasing the number of tubes and the tube diameter. However, using a large number of tubes with smaller diameters can reduce the capital cost because the tubes are short. The reduction of the capital cost is due to the fact that a small-diameter tube has low internal thermal resistance and hence contributes to a decrease in the overall thermal resistance per unit length.

• Transactions of the Korean Society of Automotive Engineers
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• v.15 no.3
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• pp.18-28
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• 2007

Three diesel engines were fueled with BDF 20, a blend of 80% diesel fuel and 20% biodiesel fuel by volume, and run in excess of 200 h to evaluate their combustion characteristics and durability. The engines used for this study were a 4-cylinder 2476-cc displacement IDI diesel engine(Engine 1), a 4-cylinder l732-cc displacement IDI diesel engine(Engine 2), and a single cylinder 673-cc displacement DI diesel engine(Engine 3). Engine dynamometer testing was performed on each engine at regularly scheduled intervals to monitor the performance and exhaust emissions, which were sampled at 1h intervals for analysis, The peak combustion pressure with BDF 20 increased in Engines 1 and 3 over that measured when burning pure diesel fuel, but that in Engine 2 remained constant. Combustion parameters, such as the maximum combustion pressure and corresponding crank angle, did not change over the long-term dynamometer testing. The BSFC with BDF 20 in Engine 1 was less than that measured with pure diesel fuel. The amount of smoke produced with BDF 20 was less for all engines ; the greatest reduction was observed for Engine 3. The NOx emissions were lower in the IDI engines than the DI engine. The traditional trade-off between smoke and NOx emissions was maintained for BDF 20 fuel for Engines 1 and 3. There was not a big difference in the $CO_2\;and\;O_2$ emissions for BDF 20, as compared to pure diesel fuel, but more $CO_2$ was exhausted by Engine 1 than by Engines 2 or 3 and less $O_2$ was exhausted by Engine 1 than by Engines 2 or 3. The engine parts remained clean, except for some carbon attached to the area surrounding the nozzle hole of the DI diesel engine.