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Laws › Commercial Act › CHAPTER VIII FORWARDING AGENT BUSINESS

Commercial Act — Article 121 (Statute of Limitations for Liability of Forwarding Agents)

상법 제121조

This English translation is based on the Korean text effective 2018-12-19. The Korean law has since been amended (current version effective 2026-09-10) — check the Korean original.

(1) The statute of limitations for liability of a forwarding agent shall expire upon the lapse of one year from the date the consignee of the goods received the goods.

(2) Where all the transported goods have been lost, the period mentioned in the preceding paragraph shall be computed from the date the goods should have been delivered. <Amended by Act No. 1212, Dec. 12, 1962>

(3) The provisions of the preceding two paragraphs shall not apply where a forwarding agent or any of his/her employees has acted in bad faith.

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