Korean Law in English
Laws › Commercial Act › SECTION 1 Affreightment in General Ships

Commercial Act — Article 808 (Carrier's Right to Auction Cargo)

상법 제808조

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 carrier shall have the right to sell cargo at auction with the permission of the court and receive the preferential payment in order to receive the amount specified in Article 807 (1).

(2) Even if a shipmaster has delivered the cargo to a consignee, the carrier may exercise the right specified in paragraph (1) for such cargo: Provided, That the same shall not apply when 30 days have passed from the date of delivery or a third party has acquired the possession of such cargo.[This Article Wholly Amended by Act No. 8581, Aug. 3, 2007]

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