A lien on freight may be exercised only on the amount of money possessed by a shipowner or by his/her agent out of the freight yet to be paid and the freight paid.[This Article Wholly Amended by Act No. 8581, Aug. 3, 2007]
Laws › Commercial Act › SECTION 5 Provision of Ships as Security
Commercial Act — Article 779 (Liens on Freight)
상법 제779조
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.