Laws › Commercial Act › SECTION 5 Provision of Ships as Security

Commercial Act — Article 787 (Ship Mortgages)

상법 제787조

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) A registered ship may be used for purposes of a mortgage.

(2) A ship mortgage shall extend to its appurtenances.

(3) The provisions concerning mortgages of the Civil Act shall apply mutatis mutandis to a ship mortgage.[This Article Wholly Amended by Act No. 8581, Aug. 3, 2007]

Korean original (law.go.kr) · Get articles as JSON via API

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