Laws › Commercial Act › SECTION 4 Marine Insurance

Commercial Act — Article 697 (Insurable Value of Cargo Insurance)

상법 제697조

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.

In cases of a cargo insurance, the insurable value shall be the value of cargo at the time and place of loading together with expenses incurred in relation to loading and insurance. <Amended by Act No. 1212, Dec. 12, 1962>

Korean original (law.go.kr) · Get articles as JSON via API

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