risk at sea, fire, war, pirate, robbery, poaching, seizure, internment, sailor's evil deed and forward various risk or the whole perils written in an insurance policy. Of course, Korea commercial law, in Article 693 defines marine insurance contract that it aims at compensation of loss taking place due to accident of voyage, so marine peril can be limited by accident associated with voyage but it
and the ultimate goal of Confucianism rules with the same spirit, and the evaluation of the public officers was based on the idea as well.
Internal risk management and the rule of submission to the stronger, friendship with neighbor could be said that it was all based on Confucius idea of admitting the differences in the power among countries and sticking to their status. The idea of King
Characteristics of B/L
① singed by carrier confirming goods
in the contract has been received in a
good condition
② can insist the delivery or receive of
the good(a document title-권리증권)
③ an evidence of carriage contract
④ a valuable instrument(유가증권)
① Shipping Request/Application (선적신청서)
- after oral contract, should include ‘items,
(International Convergence of Capital Measurement and Capital Standard)”를 발표
ㅇ BIS는 은행경영의 가장 중요한 리스크가 신용리스크(credit risk)라고 규정하고 기타 리스크(other risks)로서 투자리스크(investment risk), 이자율리스크(interest rate risk), 환리스크(exchang rate risk), 자산집중리스크(concentration risk) 등을 열거함
risk periodically pays for the premium, which is the cost for the risk, until the end of the contract. Since the credit events which become the criteria of the compensation are difficult to be standardized other than other derivatives, the contract is written based on the Standards of ISDA (International Swap and Derivatives Association). Also, details are agreed upon specifically between the par