Korean Law in English
Laws › Commercial Act › SECTION 1 Carriage of Goods

Commercial Act — Article 131 (Legal Effects of Entries in Bills of Lading)

상법 제131조

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) When a bill of lading has been issued pursuant to Article 128, it is assumed that a contract of carriage has been entered into between the carrier and the consigner, as stipulated in the bill of lading, and the transported goods have been received as such.

(2) In regard to a holder who has acquired a bill of lading in good faith, a carrier is deemed to have received the transported goods, as stipulated in the bill of lading, and shall be responsible for the goods as the carrier, as stipulated in the bill of lading.[This Article Wholly Amended by Act No. 10281, May 14, 2010]

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