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Commercial Act — Article 769 (Limited Liability of Shipowners)

상법 제769조

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.

A shipowner may limit liability for any of the following claims to the extent of the amount of money referred to in Article 770, whatever the cause for the claim may be: Provided, That the same shall not apply if the claim is concerning damage incurred due to the shipowner's willful misconduct or other reckless act or omission while recognizing the concern about the incurrence of such damage:

1. A claim concerning damage incurred by death or bodily injury of a person, or loss of or damage to goods other than the ship, which occurred on board or in direct connection with the navigation of the ship;

2. A claim concerning damage incurred due to delay in the transportation of cargo, passengers or baggage;

3. A claim concerning damage incurred due to infringement on another person's right, other than a contractual right, which occurred in direct connection with the navigation of the ship, other than subparagraphs 1 and 2;

4. A claim concerning measures taken to prevent or minimize damage which has become the cause of a claim specified in any of subparagraphs 1 through 3 or a claim concerning damage incurred as a result of such measures.[This Article Wholly Amended by Act No. 8581, Aug. 3, 2007]

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