• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.15
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• pp.137-165
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• 2001

The study on the duration of risk in the marine insurance has been paid a great attention because the marine insurance has to provide several indemnity conditions including the one to be compensated the loss when the accident happens. The research examines as to how the duration of risk has been extended from the beginning period to now. The results show the duration of risk has been continually extended in terms of place and time by a dramatic change of environment related to the marine insurance including marine transportation, a variety of goods, development of marine communication, many different trading conditions, etc, and requirement of the assured. The validity of the duration of risk is effected when the ship leaves at the port and is terminated when the ship arrives at the final destination. It in the Lloyd's age has been started when the products was charged to the ship and terminated when the one was safely discharged to the destination. Recently, the duration of risk in England Marine Insurance attaches from the time the goods leave the warehouse or place of storage at the placed named for the commencement of the transit, continues during the ordinary course of transit and terminates on delivery to the consignees or other final warehouse or place of storage at the destination named. Further research on the extension of the duration of risk must be conducted according to the being large scale of the ship and goods.

• The Transactions of the Korean Institute of Electrical Engineers B
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• v.53 no.2
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• pp.99-106
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• 2004

Train control system in LRT (Light Rail Transit) is developed as a part of "Light Rail Transit System Development Project". But there was no specific requirement representing the system safety. Because system safety must be ensured before the customization, we applied the system to a officially recognized specific procedure, such as "A Guideline to Ensure the Safety of Train Control System in Korea" that was officially announced by KNR (Korea National Railroad) in 2001. We should draw system safely requirement to guarantee system safety for the first time. In this paper, the hazard identification and analysis to derive the safety requirement on LRT train control system are carried out following the KNR guideline. To analyze hazard, we have to deduce system functions, identify related hazards, derive the effects of the hazards, analyze current risk, define the target risk of the system, and deduce the alternative plans to reduce the effects of the hazards. After the hazard analysis following the upper procedure, 30 hazards are identified and analysed. Especially detailed analysis on train collision that is a main hazard of the train control of system is specially carried out.

• International Journal of Highway Engineering
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• v.16 no.4
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• pp.11-19
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• 2014

PURPOSES: This study is to suggest the improvement for bus rapid transit system in Seoul METHODS: The maintenance cost for bus lane damages and plastic deformations are increased by bus passing speed, heavy bus weight, and climate change (localized torrential downpour, subtropical climate) and the accident risk has been increased. RESULTS: Recent analysis of pavement damage indicates that bus lane damage caused by heavy weight is overwhelming and it is urgent to prepare countermeasures. CONCLUSIONS : Pavement data of bus rapid transit system, bus transit numbers and pavement damage elements were analyzed. By analyzing pavement maintenance, design and construction, the countermeasures for the improvement of bus lane pavement and effective maintenance were suggested.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• v.2
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• pp.13-17
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• 2006

Almost every day close passage or near miss events happens in south part of Istanbul Strait between the vessel runs in the local area and pass strait transit. The vessels run in the local area pass close bow or aft of transit vessel or come close and wait for transit vessel because of inexperienced or incompetent skipper or because of time limitation or failure in technical equipment or lack of technical equipment or old equipment. This close passages create profound dangers for the surroundings. By the this research has been aimed to point out mentioned dangers by the concrete as number. For this purpose has been utilized JMS Ship Handling Simulator which has been settled in ITU Maritime Faculty and Environmental Stress Model which has been built up and improved in Inoue Laboratory. Has been put in the senarios which been played during simulation implementations transferred to the numerical risk occured during passage of South Part of Istanbul Strait by the Environmental Stress Model . Thus so, the riskwhich Istanbul Strait face everyday has been expressed as numerical and concrete.

• Journal of Navigation and Port Research
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• v.48 no.2
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• pp.88-96
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• 2024

This study examined challenges posed by two ferry routes, namely, Likoni and Mtongwe crossings, in the Mombasa Channel and their impact on navigational safety. Utilizing the Environmental Stress (ES) model, this study analyzed current ship traffic and assessed stress levels imposed by ferry crossing traffic on navigators. ES values revealed significant stress at these ferry crossings attributed to varying transit speeds. Standardizing transit speeds at two ferry passages can reduce high stress levels, presenting a viable solution. Furthermore, the IWRAP Mk2 simulation underscores crossing collisions as a significant concern, particularly at Likoni and Mtongwe crossings, due to increased ferry traffic. This research offers valuable insights for stakeholders, such as the Kenya Ports Authority (KPA), to develop targeted safety measures and enhance the flow of ship traffic in the channel.

• The Journal of the Korea Contents Association
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• v.17 no.1
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• pp.50-57
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• 2017

This study investigated the causes and problems of train operation impediments through the statistics analysis of 8 years'internal data of Daejeon Metropolitan Express Transit. By evaluating the risks regarding the system, equipment, and parts of high risk group, this study measured the Risk Index Severity, and applied the $5{\times}5$ Risk Assessment Matrix which is a method of risk management to calculate the scale of risk to analyze the safety level and allowance range. As a result, the car sector, the most serious risk, followed by machinery and equipment sector showed that the inherent risk. In particular, the door broken and the door rail signaling and control devices due to defects of the vehicle is high, but also the severity, and frequency are showing very frequent additional potential accidents. PSD also had defects in the machinery sector appeared to be the most dangerous of the PSD poor safety gates, it was found that the glass also involve the risk of mishandling and breakage of the PSD. This study intended to contribute to the transportation benefits through the safety and stable operation of Metropolitan Express Transit.

• Journal of the Korean Institute of Navigation
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• v.18 no.4
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• pp.33-47
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• 1994

On developing port system, the performance tests of system in relation to ship maneuver generally consists of the three parts: the channel transit, the manoeuvring in a turning basin and the docking/undocking. The quantifications of risk of an accident has priviously been difficult due to the low occurrence of accidents relative to the number of transits. Additionally, accident statistics could not be related port system because of the large number of factors contributing to the accident. such as human error, equipment failure, visibility, light, traffic. etc. In case of the channel transit, "Relative Risk Factor(RRF)" or "Relative Risk Factor for Meeting Traffic" was proposed as the as the measures derived to quantify the relative risk of accident by M.W.Smith. This factor measure the tracking performance, the turning performance and the passing performance at meeting traffic. On the other hand, the safety of berthing maneuver is not measured with a few evaluating factors as controlled due to complex controllabilites such as steering, engine, side thrusters or tugs. This work, therefore, aims to propose the evaluating measure by the Analytic Hierarchy Process(AHP). Six experimental scenarios were establised under the various environmental conditions as independent variables. In every simulation, the difficulty of maneuver was scored by captain and compared with AHP scores. The results show almost same and from which the weights of eight evaluating factors could be fixed. Additionally, the limit value of relative factor in berthing safety to six scenarios could be estimated to 0.11.e estimated to 0.11.

• Journal of the Korean Institute of Navigation
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• v.18 no.2
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• pp.41-56
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• 1994

This paper was a part of the risk management in planning a channel. It utilized Korea Marine Training & Research Institutes(KMTRI) which Houses a real-time, full-mission shiphandling simulator to examine the safety of the ship's transit in the planned channel of Asan port. 6 competent Captains participated in this study. The vessel modelled was a 60,000-ton ship. The two variables(factors) examined were environ-mental conditions such as flood-and-ebb current condition and day-and-night condition. The two variables were combined to produce four experimental conditions. To evaluate the safety of the environmental conditions, two categories of performance measures were analyzed. They were vessel's proximity to channel boundary and vessel controalbility. The findings regar-ding the effects of environmental conditions were as follows : - Closest Point of Approach(CPA) to channel boundary was enough for 60,000-ton ship to transit th-rough the channel with 99.999% confidence level. - Closest Point of Approach(CPA) to channel boundary further was under against-current condition than under with-current condition. -Vessel controlability was better under against-current condition than under with-current condition. -Vessel controlability was better under inbound transit than under outbound transit.

• Proceedings of the KIEE Conference
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• 2009.07a
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• pp.1197_1198
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• 2009

The development of Technology study for preventing of accident and reducing the risk through the intelligence of level crossing is provide the detection of stopped car at railway crossing with the most advanced intelligence technology such as sensor, computer, communication and date processing and transmit to the operational staff on broad for reaction or make the train stopped automatically through the connection with train. Also this study include that showing the situation of crossing railway when the train is approached and prevent the accident and reduce the risk through the connection of road transit signal system. On this study is performed the test through the date from spot level crossing and the development of video detection algorism for stopped road transit vehicle at level crossing with intelligent system.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.37
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• pp.187-216
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• 2008

Risk regarding the possibility of loss can be especially problematic. If a loss is certain to occur, it may be planned for in advance and treated as a definite, known expense. It is when there is uncertainty about the occurrence of a loss that risk becomes an important problem. The word risk is often used in connection with insurance. No one generally accepted definition of risk exists, however. Of the many definitions, two distinctive ones are commonly used. One defines risk as the variation in possible outcomes of an event based on chance. That is, the greater the number of different outcomes that may occur, the greater the risk. Another way of expressing this concept is to state: The greater the variation around an average expected loss, the greater the risk. The second definition of risk is the uncertainty concerning a possible loss. The definition of risk as a useful one because it focuses attention on the degree of risk in given situations. The degree of risk is a measure of the accuracy with which the outcome of an event based on chance can be predicted. For now, it will serve our purpose to note the more accurate the prediction of the outcome of an event based on chance, the lower the degree of risk. After sources of risks are identified and measured, a decision can be made as to how the risk should be handled. A pure risk that is not identified does not disappear, the business merely loses the opportunity to consciously decide on the best technique for dealing with that risk. The process used to systematically manage risk exposures is known as risk management. Some persons use the term risk management only in connection with businesses, and often the term refers only to the management of pure risks. In this sense, the traditional risk management goal has been to minimize the cost of pure risk to the company. But as firms broaden the ways that they view and manage many different types of risk, the need for new terminology has become apparent. The terms integrated risk management and enterprise risk management reflect the intent to manage all forms of risk, regardless of type. International trade transaction is called between countries has features of globalism, cultural gap, long distance and long terms for the transaction. It is riskier than domestic transaction has its specific risks, such as foreign exchange risk and political risk, and requires various active risk management skills. Risks in relation to the international trade transaction are the contract risk, transit risk and payment risk, etc. The risk management in relation to the international trade transaction is to identify and measure these risks. The purpose of this study is to analyse the practical problems and its solution plan by analyzing various cases related to the risk management of bill of lading in the international trade transaction.