request of the issuing bank.
Applicant means the party on whose request the credit is issued.
Banking day means a day on which a bank is regularly open at the place at which an act subject to these rules is to be performed.
Beneficiary means the party in whose favour a credit is issued.
Complying presentation means a presentation that is in accordance with the terms and conditions of
IV. Administrative Systems in North Korea
At first, North Korea established a ‘people’s republic constitution’ in 1948. In December 1972, they adopted a ‘socialist constitution’ at the first session of the fifth Supreme People's Assembly. In April 1992, they reformed it(old socialist constitution) at the third session of the ninth Supreme People's Assembly. In 1998, they drastically a
"With our strong belief in the benefits of liberal trade, the Government will accept the independent umpire's decision of the WTO,"
Article 5.5, prohibiting members from making arbitrary or unjustifiable distinctions in the levels of SPS protection they consider to be appropriate in different situations
Article 2.3, requiring that SPS measures not unjustifiably discriminate between member
3. Columns 4 to 7 indicate, for each item, the purchase unit which is the size of the shipping container (ground beef comes in 10-pound bag), number of purchase units (there are six 10-pound bags in a purchase unit of ground beef), cost per unit (a 10-pound bag of ground beef costs $28.50-or $2.85 per pound), and total cost of the item (six 10-pound bags of ground beef at $28.50 equals $171).
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,