(1) Before departure, a whole charterer may cancel a contract by payment of half the amount of the freight.
(2) In cases of a charter contract of a round-trip voyage, when a whole charterer terminates the contract before a homeward voyage, he/she shall pay two thirds of the freight.
(3) Where a ship should navigate to a port of loading from another port, when a whole charterer terminates a contract before departure from the port of loading, the provisions of paragraph (2) shall apply.[This Article Wholly Amended by Act No. 8581, Aug. 3, 2007]