• Title/Summary/Keyword: L/C Settlement

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3-Dimensional Tunnel Analyses for the Prediction of Fault Zones (파쇄대 예측을 위한 터널의 3차원 수치해석)

  • 이인모;김돈희;이석원;박영진;안형준
    • Journal of the Korean Geotechnical Society
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    • v.15 no.4
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    • pp.99-112
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    • 1999
  • When there exists a fault zone ahead of the tunnel face and a tunnel is excavated without perceiving its existence, it will cause stress concentration in the region between the tunnel face and the fault zone because of the influence of the fault zone on the arching phenomena. Because the underground structure has many unreliable factors in the design stage, the prediction of a fault zone ahead of the tunnel face by monitoring plans during tunnel construction and the rapid establishment of appropriate support system are required for more economical and safer tunnel construction. Recent study shows that longitudinal displacement changes during excavation due to the change of rock property, and if longitudinal displacement and settlement, which are measured in the field, are considered together in displacement analysis, the prediction of change in rock mass property is possible. This study provided the method for the prediction of fault zones by analyzing the changes of L/C and (Ll-Lr)/C ratio (L= longitudinal displacement at crown, C = settlement at crown, Ll = longitudinal displacement at left sidewall, Lr = longitudinal displacement at right sidewall) and the stereographic projection of displacement vectors which were obtained from the 3-D numerical analysis of hybrid method in various initial stress conditions.

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Empirical Study on Determinants of T/T Payment Risk in International Trade (무역거래에서 송금(T/T)방식의 결제 위험성에 영향을 미치는 요인분석)

  • Han, Woo-Jung;Cho, Hyuk-Soo
    • Korea Trade Review
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    • v.44 no.6
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    • pp.87-103
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    • 2019
  • L/C(Letter of Credit) is a common payment term designed to prevent credit risk in international trade. However, most companies prefer T/T (Telegraphic Transfer) payment due to its time and cost efficiency. According to related statistics, more than 70% of international trade contracts are based on T/T rather than other payment terms. The time required from the export negotiation to the completion of the export transaction and collection in international trade is very long. In this process, disputes related to settlement are continuous, so caution should be exercised. Therefore, whether or not the export payment is recovered in a timely manner is the core issue of trade transactions for exporters. The purpose of this study is to identify problems that cause delayed payments during settlement by the remittance (T/T) method, which can lead to settlement risk, in order to investigate those factors which can lead to delays in payments and increased risk as well as to determine ways to prevent such factors in advance. According to empirical findings, trading experience, transaction duration, and contract contents can be important determinants in terms of payment delays. Industry uniqueness and market uncertainty were found to be in opposition to the hypothesized relationships. The results of this study will be useful for trading companies to reduce their payment risk.

Prediction of Preceding Crown Settlement Using Longitudinal Displacement Measured on Tunnel Face in Fault Zone (단층대가 분포하는 터널에서 굴진면 수평변위를 이용한 선행 천단변위 분석)

  • Yun, Hyun-Seok;Do, Kyung-Ryang;Seo, Yong-Seok
    • The Journal of Engineering Geology
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    • v.27 no.1
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    • pp.81-90
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    • 2017
  • Preceding displacements in tunnel are difficult to predict since the measurements of displacements after excavation can not be performed immediately. In the present study, The longitudinal displacements which can be measured immediately after excavation are used to predict the crown settlements occurring before excavation only if fault is located at the tunnel crown. Three-dimensional finite element analysis was conducted using 28 numerical models with various fault attitudes to analyze the correlation between the longitudinal displacements on tunnel face and preceding crown settlements. The results, $L_{face}/C$ ratio show 2~12% in the drives with dip models and 2~13% in the drives against dip models individually. In addition, each model has a certain $L_{face}/C$ ratio. The result of the regression analysis show that the coefficient of determination is over 0.8 in most models. Therefore, crown settlements occurring before excavation can be predicted by analyzing the longitudinal displacements occurring on tunnel faces.

Differences between the Bank Payment Obligation and Letter of Credit in Global Settlement Method

  • Jon Mo Yoon;Bong-Soo Lee
    • Journal of Korea Trade
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    • v.27 no.2
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    • pp.1-21
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    • 2023
  • Purpose - The bank payment obligation is a transaction method that combines the certainty of L/C transactions with the speed of remittance payments, so the main purpose of this study is to highlight the superiority of bank payment obligation, noting the difference between bank payment obligation and L/C transactions. In addition, we would like to examine how bank payment obligations can actually be applied to support various valuable proposals such as post-shipment and post-shipment finance according to the payment process.. Design/methodology - This study focused on literature based on data from ICC and SWIFT along with previous domestic and international studies. In terms of a research method, a literature review was adopted with electronic trade-related books and journals and policy-related reports from international trade-related agencies. Findings - Unlike L/C transaction, BPO transaction verify the data inquiry process based only on the combination result of the established baseline and dataset. Accordingly, it is superior to L/C transaction in that there is no confrontation between the parties over the results of the inquiry, and clear transactions are possible according to the principle of proof after prepayment. In addition, unlike credit transactions, data inconsistency acceptance procedures confirm payment obligations in consideration of importers' intentions. As a result, as long as trade documents are in the hands of exporting countries, flexible document disposition is possible in response to the situation after payment, which is more advantageous than L/C transaction. Originality/value - Specifically, from the importer's point of view, BPO transactions have the advantage of reducing the manpower required to prepare and review trade documents and processing transaction negotiations with exporters advantageously due to the strength of payment obligations. From the perspective of the exporter, it has the advantage of enabling rapid recovery of trade payments and reducing the risk of importer's cancellation of transactions or content change. From the perspective of participating banks, it is possible to strengthen relations with importer and obtain high commission income by increasing the role of bank reduced by reducing L/C transaction.

On the history of the establishment of the Hungarian Debrecen School of Finsler geometry after L. Berwald (베어왈트에 의한 헝가리 데브레첸 핀슬러 기하학파의 형성의 역사)

  • Won, Dae Yeon
    • Journal for History of Mathematics
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    • v.31 no.1
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    • pp.37-51
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    • 2018
  • In this paper, our main concern is the historical development of the Finsler geometry in Debrecen, Hungary initiated by L. Berwald. First we look into the research trend in Berwald's days affected by the $G{\ddot{o}}ttingen$ mathematicians from C. Gauss and downward. Then we study how he was motivated to concentrate on the then completely new research area, Finsler geometry. Finally we examine the course of establishing Hungarian Debrecen school of Finsler geometry via the scholars including O. Varga, A. $Rapcs{\acute{a}}k$, L. $Tam{\acute{a}}ssy$ all deeply affected by Berwald after his settlement in Debrecen, Hungary.

Prediction of fault zone ahead of tunnel face using x-Rs control chart analysis for crown settlement (천단변위의 x-Rs 관리도 분석을 이용한 터널 막장 전방 단층대 예측)

  • Yun, Hyun-Seok;Seo, Yong-Seok;Kim, Kwang-Yeom
    • Journal of Korean Tunnelling and Underground Space Association
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    • v.16 no.4
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    • pp.361-372
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    • 2014
  • A measurement of tunnel displacement plays an important role for stability analysis and prediction of possible fault zone ahead of tunnel face. In this study, we evaluated characteristics of tunnel behaviour due to the existence and orientation of fault zone based on 3-dimensional finite element numerical analysis. The crown settlement representing tunnel behaviour is acquired at 5 m away from tunnel face in combination with x-Rs control chart analysis based on statistics for trend line and L/C (longitudinal/crown displacement) ratio in order to propose risk management method for fault zone. As a result, x-Rs control chart analysis can enable to predict fault zone in terms of existence and orientation in tunnelling.

A Study on the Using Status and Improvements of Electronic Trade Finance in Korea (전자무역금융의 전면 실시에 따른 이용현황과 개선방안)

  • Lee, Jin Woo;Park, Kwang So
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.59
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    • pp.137-157
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    • 2013
  • The Electronic Trade Finance not only has with the trait which is simple procedures, low cost but also easier access to using statistics compare to formerly paper based system. In Korea, all of trade finance system will be changed to electronic base by February 2014. The purpose of this research finds the using status and problems of the electronic local L/C and electronic purchase certificate, and suggests several improvements. First, the whole trade finance system should improve in terms of simple procedures, especially small and medium companies can use the system sufficient maximum limit. Second, the organizers, KTNET, KITA etc, need to the new electronic trade finance system promote to customers and training program for early settlement. It also has to manage at an unified system between IT and tex authorities. Third, small and medium size companies still think the charge for using high, so it need to make a resonable charge for using the electronic system to persuasive extent reasonable about it.

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Effect of Several Additives on Medium Browning and Mericlone Growth of Temperate Cymbidium Species (배지내 몇가지 첨가물질이 온대산 Cymbidium속 유묘배양시 배지산화 및 생육에 미치는 영향)

  • Chung, Jae-Dong;Lee, Jee-Hee;Jee, Sun-Ok;Kim, Chang-Kil
    • Horticultural Science & Technology
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    • v.16 no.2
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    • pp.239-241
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    • 1998
  • The experiments were carried out to improve culture efficiency of rhizome and mericlone propagation through settlement of problems occurring during culture period of temperate Cymbidium species. Shooting efficiency from rhizome of C. forrestii 'Nokwoon' was improved, when cultured in $H_3P_4$ medium (Hyponex 3+peptone 4g/L) supplemented with 170mg/L $NaH_2PO_4{\cdot}H_2O$ and 0.4mg/L Thiamin e HCl, but the other varieties were not influenced to shooting efficiency by additives. Medium in which rhizome of C. nishiuchianum 'Hodukjiwha' was cultured became less browned in $H_3P_4$ medium added with 150mg/L PVP, but the other treatments of antioxidants was failed to prevent the medium browning. Re-formation of rhizome from young shoots of C. forrestii 'Sojub', 5.5cm in length occured in $H_3P_4$ enriched with 2.0 mg/L NAA and 1.0 mg/L BA under darkness, but axillary buds were elongated in the medium with 1.0 mg/L NAA and 3.0 mg/L BA under light condition. On the other hand, rhizomes from young shoot of C. forrestii 'Seosinmae' and 'Songmae', 5.5cm and 2.5cm in length respectively were reformed in 2.0 mg/L NAA and 5.0mg/L kinetin under darkness, but multishoot from young shoot were emerged in 2.0mg/L NAA and 3.0mg/L BA.

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Durability Characteristics of Controlled Low Strength Material(Flowable Fill) with High Volume Fly Ash Content (다량의 플라이 애쉬를 사용한 저강도 고유동 충전재의 내구특성에 관한 연구)

  • 원종필;신유길
    • Journal of the Korea Concrete Institute
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    • v.12 no.1
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    • pp.113-125
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    • 2000
  • The purpose of this study was to examine the durability characteristics of controlled low strength material(flowable fill) with high volume fly ash content. Flowable fill refer to self-compacted, cementitious material used primarily as a backfill in lieu of compacted fill. The two primary advantages of flowable fill over traditional methods are its ease of placement and the elimination of settlement. Therefore, in difficult compaction areas or areas where settlement is a concern, flowable fill should be considered. The fly ash used in this study met the requirements of KS L 5405 and ASTM C 618 for Class F material. The mix proportions used for flowable fill are selected to obtain low-strength materials in the 10 to 15kgf/$\textrm{cm}^2$ range. The optimized flowable fill was consisted of 60kg f/$\textrm{m}^3$ cement content, 280kgf/$\textrm{m}^3$ fly ash content, 1400kgf/$\textrm{m}^3$ sand content, and 320kgf/$\textrm{m}^3$ water content. Subsequently, durability tests including permeability, warm water immersion, repeated wetting & drying, freezing & thawing for high volume fly ash-flowable fill are conducted. The results indicated that flowable fill has acceptable durability characteristics.

The Response of a Single Pile and Pile Groups to Tunnelling Performed in Weathered Rock (풍화암에서 실시된 터널굴착으로 인한 단독말뚝 및 군말뚝의 거동)

  • Lee, Cheol Ju
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.32 no.5C
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    • pp.199-210
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    • 2012
  • The effects of tunnelling in weak weathered rock on the behaviour of a pre-existing single pile and pile groups ($3{\times}3$ and $5{\times}5$ pile groups) above a tunnel have been studied by carrying out three-dimensional (3D) elasto-plastic numerical analyses. Numerical modelling of such effects considers the response of the single pile and pile groups in terms of tunnelling-induced ground and pile settlement as well as changes of the shear transfer mechanism at the pile-soil interface due to tunnelling. Due to changes in the relative shear displacement between the pile and the soil at the pile-soil interface with tunnel advancement, the shear stresses and axial pile force distributions along the pile change drastically. Based on the computed results, upward shear stresses are induced up to about Z/L=0.775 from the pile top, while downward shear stresses are mobilised below Z/L=0.775, resulting in a reduction in the axial pile force distribution with depth equivalent to a net increase in the tensile force on the pile. A maximum tensile force of about $0.36P_a$ developed on the single pile solely due to tunnelling, where $P_a$ is the service axial pile loading prior to tunnelling. The degree of interface shear strength mobilisation at the pile-soil interface was found to be a key factor governing pile-soil-tunnelling interaction. Overall it has been found that the larger the number of piles, the greater is the effect of tunnelling on the piles in terms of pile settlement, while changes of the axial pile forces for the piles in the groups are smaller than for a single pile due to the shielding effect. The reduction of apparent allowable pile capacity due to tunnelling-induced pile head settlement was significant, in particular for piles inside the groups.