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Commercial Act — Article 827 (Meaning of Voyage Charter)

상법 제827조

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 voyage charter shall come into effect when a shipowner agrees to provide a charterer with the whole or any part of a ship serviced by the crew on board and equipped with navigation facilities for transportation of goods, and a charterer agrees to pay the fare in response thereto.

(2) The provisions of this Section shall apply mutatis mutandis to a voyage charter for passenger transportation unless contrary to its nature.

(3) The provisions of this Section shall apply mutatis mutandis where a charterer agrees to pay the fare calculated by voyage as unit, even though a shipowner is liable to provide the charterer with a ship for a given period, unless contrary to its nature.[This Article Wholly Amended by Act No. 8581, Aug. 3, 2007]

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