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Commercial Act — Article 695 (Marine Insurance Policy)

상법 제695조

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.

The following matters, in addition to matters listed in Article 666, shall be entered into a marine insurance policy: <Amended by Act No. 4470, Dec. 31, 1991>

1. Where a ship is insured, the name, nationality, type of the ship, and the scope of navigation;

2. Where cargo is insured, the name, nationality and type of a ship, ports of loading and unloading, and places for departure and arrival if determined;

3. The insurable value, if determined.

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