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Commercial Act — Article 752 (Disposal of Cargo for Interested Parties)

상법 제752조

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) Where a shipmaster disposes of cargo during a voyage, he/she shall dispose of such cargo by the most appropriate means for the interests of the interested parties.

(2) In cases falling under paragraph (1), an interested party shall be liable to a creditor on account of the disposal by a shipmaster within the limit of the value of the cargo: Provided, That the same shall not apply in cases where the interested party is at fault.[This Article Wholly Amended by Act No. 8581, Aug. 3, 2007]

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