Korean Law in English
Laws › Commercial Act › SECTION 4 Limits on Liability of Shipowners, etc.

Commercial Act — Article 773 (Exclusion of Limited Liability)

상법 제773조

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.

No shipowner shall limit liability for the following claims:

1. A claim on a shipowner by a person whose duties are related to the affairs of a ship as a shipmaster, a crewman, or any other employee, or his/her inheritors, dependents, or other interested persons;

2. A salvage charge due to rescue operations at sea and a claim concerning a share in general average;

3. A claim for oil pollution damage governed by the International Convention on Civil Liability for Oil Pollution Damage concluded on November 29, 1969 or the amended provisions of the Convention;

4. A claim for a ship sunken, wrecked, stranded, abandoned, or involved with other marine accidents, and salvage, removal or scrapping of, or non-invasive measures for cargo and other goods which are or were in such ship;

5. A claim for nuclear damages.[This Article Wholly Amended by Act No. 8581, Aug. 3, 2007]

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