• Title/Summary/Keyword: Credits

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UCP600: An Exercise in International Private Sector Self Regulation (UCP 600: 국제 사적 부문 자체 규제의 일례)

  • Byrne, James E.
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.36
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    • pp.47-84
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    • 2007
  • The Uniform Customs and Practice for Documentary Credits ("UCP") may be treated as a useful laboratory for studying the scope and limitations of self regulation. This is due to its almost universal success on a global stage which provides it a perspective rarely available for self regulatory provisions and due to extensive experience of judicial review of it. In this sense, it is worthwhile to examine in brief the latest iteration of the UCP, Publication No. 600 ("UCP600"). This article describes and analyze some of core provisions of the UCP600 from the perspective of their adequacy as an exercise in self regulation. It is attempted first in view of several categories of private rulemaking; definitional rulemaking, default rules, procedural rules, and remedies. After that, it is examined second in view of sound rulemaking which is related to the relative role of law and practice. It points out rich and varied insights into the possibilities and problems associated with private rulemaking in connection with commercial transactions.

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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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A Study on the Legal Principles and ICC Uniform Rules for Reimbursements under Documentary Credits Transactions (신용장거래하(信用狀去來下)의 상환(償還)에 관한 법리(法理) 및 통일규칙(統一規則)에 관한 연구(硏究))

  • Kim, Jong-Tae;Park, Seok-Jae
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.13
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    • pp.563-579
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    • 2000
  • Until July 1, 1996, no international rules, other than the simple practices contained in the UCP 500 have existed for the processing of bank-to-bank reimbursements. At last, ICC Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits(Pub. No. 525) have been published on July 1, 1996. Our country have adopted the URR 525 on August 1996. But in view of the present number of countries adopted the URR 525, I think our country is very impetuous. In order to comprehend the URR 525 correctly, this study is carrying out to clarify the legal principles on reimbursements among issuing banks, nominated banks, unauthorized banks. Secondly, this study is carrying out indicate the background of establishing, the main contents, the approval and the criticism of URR 525. Finally, this study is carrying out to point out the matters that demand special attention about the operation of URR 525

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Exploring Social Innovation and Time Bank: Focus on the Elderly Healthcare in the Gangwon Province

  • Kim, Ho-Kyung
    • Asian Journal of Innovation and Policy
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    • v.8 no.2
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    • pp.208-237
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    • 2019
  • Serious social problems related to the elderly have appeared in the Gangwon Province because the population in this area is rapidly aging. Gangwon has the highest suicide rate and the highest percentage of single households. In the process of preparing for the super-aging society, Time Bank (TB) System has been actively used in 34 countries, especially in the United States, the United Kingdom, and Japan. In Korea, the Gumi Senior Club has joined this system since 2004. TB is a multilateral exchanged system based on the philosophy that everyone's time is valued equally. Time credits are given to the person who provides social services, such as citizen participation and elderly care. People receive the desired services using time credits or donating them. If this system were applied to the Gangwon Province in accordance with its characteristics, it would help to reduce the elderly's prejudices and manage their diverse health problems. A virtual local currency using IT technologies is needed to boost the regional economy. The elderly's participation in TB is strongly needed. Future research about the effectiveness of health management is then discussed.

Study on the WTO Disputes over the Korean Shipbuilding Industry in Relation to Export Credit (수출신용과 관련하여 우리나라 조선산업에 대한 WTO 무역분쟁 연구)

  • Lee, Koung-Rae
    • Korea Trade Review
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    • v.44 no.1
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    • pp.129-142
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    • 2019
  • This paper draws implications on the ship finance of the Korean ECAs for shipbuilding industry from the perspective of WTO ASCM through studying the trade disputes on export credits. In consideration of the underwriting practice on the case-by-case basis, the ECAs' law regimes and their ship finance programs as such would be judged not conferring a benefit. The ship finance of international commercial banks could be treated as a market benchmark for the purpose of determining the existence of benefit in the ECA ship finance. The ECAs share securities with international commercial banks for the same exposure to the risks in a syndicate. Therefore, WTO DSB would rule that the ECA ship finance confers no benefit for individual transactions. The items (j) and (k-1) of ASCM Annex I are not allowed to interpret a contrario.

An Analysis of Software Education Hours in Elementary School Teacher Training Institutions : Focusing on the Influence of SWEET Project (초등교원양성 기관의 SW 교육 시수 분석 : SWEET 사업의 영향을 중심으로)

  • Lee, Jaeho;Shim, Jaekwoun
    • Journal of The Korean Association of Information Education
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    • v.24 no.2
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    • pp.147-155
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    • 2020
  • The analysis targeted the curriculum of general, subject education, and apecial activities that are required for SW education of 11 universities of education where SWEET project is applied. The results showed that the average credits related to SW education in elementary school teacher training institutions were 2.2 for general, 2.3 for subject education, and 0.6 for special activities. As a result of analyzing the changes in the curriculum by year, it can be interpreted as an effect of the SWEET project because the proportion of credits and hours in subject education increased and because the proportions of general and special activities decreased. However, on average, the credit related to SW education was 5.1, whereas the credits related to mathematics and science were 6.5 and 7.8, respectively, which indicated a need for revising and improving the curriculum for SW education.

A New Model Improving the Current Curriculum of Radiologic Technology Department in Junior College (전문대학(專門大學) 방사선과(放射線科) 교육과정(敎育課程)의 수정개발(修正開發) 연구(硏究))

  • Lee, Man-Koo;Choi, Jong-Hak
    • Journal of radiological science and technology
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    • v.11 no.1
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    • pp.43-62
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    • 1988
  • The purpose of this study is to analyze the problems of the Current Curriculum of Radiologic Technology Department in Junior College, try to find a future solution of the education of Radiologic Technology and a reform measure, and suggest a new substantial model. So this study refered to sundary records, posed a question by papers, made a reform measure of curriculum on the basis of the results, examined it throughly by discussion with the related professors and the industrials figures, and decided a new model. The characteristics of the reform measure reflected in the new model are as follows; 1. It increased the numbers of credits like 94 or 95 ones, to positively accept a developing medical technique and modern science. 2. It set up various general studies and offered a free selection. 3. It closely related majors and their credits to the national examination of lisence and the task of industrial job site. 4. It kept the balance between the periods of lecture, practice, training and their credits. 5, It reinforced the subjects of fundamental medical science such as Introduction to Medicine, Pathology, Biochemistry, Patient Care, etc. 6. It newly established Clinical Trainings as a regular education course. 7. It newly established Introduction to Computer Science, Ultrasonography and Magenetic Resonance Imaging, to cope with the development of the future medical technique. 8. It newly established Humanism in Medicine as a regular education course. 9. It changed the names of subjects resonably.

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Blockchain System for Academic Credit Bank System (학점은행제를 위한 블록체인 시스템)

  • Son, Ki-Bong;Son, Min-Young;Kim, Young-Hak
    • The Journal of the Korea Contents Association
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    • v.20 no.5
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    • pp.11-22
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    • 2020
  • The academic credit banking system is an educational system to implement a lifelong learning society. Students who meet the requirements of this system can achieve academic degrees equivalent to those of junior colleges or four-year universities. Credits and degree information of these students are recorded and managed by the central institution. However, this system can cause security problem such as hacking due to centralized management. In this paper, we propose an academic credit banking system which can manage credits and degree information based on blockchain technology. In the proposed system, credits and degree information are stored in block and managed in the public ledger in a permanent manner. Blocks are connected in the form of blockchain on a distributed network to improve security problems such as hacking and manipulation. Also, the efficiency of credit bank management can be increased because the functions of the central institution are distributed to the network participants. The prototype of the proposed system was implemented on the Go-Ethereum platform and experimentally verified the blockchain information among participating organizations using smart contracts.

A Mechanism for Handling Selfish Nodes using Credit in Sensor Networks (센서 네트워크에서 크레딧을 이용한 이기적인 노드 처리 방안)

  • Choe, Jong-Won;Yoo, Dong-Hee
    • Journal of KIISE:Information Networking
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    • v.35 no.2
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    • pp.120-129
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    • 2008
  • The purpose of sensor network is gathering the information from sensor nodes. If there are selfish node that deliberately avoid packet forwarding to save their own energy, the sensor network has trouble to collect information smoothly. To solve this problem we suggest a mechanism which uses credit payment schema according to the amount of forwarding packets. Sensor nodes use credits to send their own message and they forward packets of other sensor nodes to get credits. To offer authenticity we combined the roles of sink node and server, also we used piggybacking not to send additional report message. The packet trace route is almost fixed because sensor node doesn't have mobility. In this case, it happens that some sensor nodes which don't receive forwarding packets therefore they can't get credit. So, we suggested the way to give more credits to these sensor nodes. Finally, we simulated the suggested mechanism to evaluate performance with ns2(network simulator). As a result, packet transmission rate was kept on a high rate and the number of arrival packets to sink node was increased. Also, we could verify that more sensor nodes live longer due to deceasing the energy consumption of sensor nodes.