After departure, no charterer or consignor shall terminate a contract unless he/she pays the full amount of the freight, substitute payments, demurrage, general average, and salvage charges, and pays damages for the damage incurred in relation to such unloading or provides a security corresponding thereto.[This Article Wholly Amended by Act No. 8581, Aug. 3, 2007]
Laws › Commercial Act › SECTION 3 Voyage Charter
Commercial Act — Article 837 (Termination of Contracts after Departure)
상법 제837조
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.
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