Korean Law in English
Laws › Commercial Act › SECTION 3 Voyage Charter

Commercial Act — Article 840 (Termination of Claims and Obligations of Shipowners)

상법 제840조

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) Any claim and obligation against a charterer of a shipowner or consignee shall be terminated, whatever the cause of the claim may be, unless no judicial claim is made within two years from the date when the shipowner has delivered cargo or from the date set for delivering cargo. In such cases, the proviso to Article 814 (1) shall apply mutatis mutandis.

(2) No agreement between a shipowner and a charterer to shorten the period set forth in paragraph (1) shall be valid unless it is clearly stated in a transportation contract.[This Article Wholly Amended by Act No. 8581, Aug. 3, 2007]

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