(1) If a ship was partially damaged and the damaged part has been entirely repaired, an insurer shall be bound to compensate for expenses incurred in relation to the repair up to the insured amount in respect of only one casualty.
(2) If a ship was partially damaged and the damaged part has been partially repaired, an insurer shall be bound to compensate for expenses incurred in relation to the repair and the depreciation arising from the unrepaired damage.
(3) If a ship was partially damaged and the damaged part has not been repaired, an insurer shall be bound to compensate for the depreciation arising from the unrepaired damage.[This Article Newly Inserted by Act No. 4470, Dec. 31, 1991]