(1) A claim between the parties which has arisen in relation to a time charter contract shall expire unless a judicial claim is made within two years from the date when a ship is returned to a shipowner. In such cases, the proviso to Article 814 (1) shall apply mutatis mutandis(2) The provisions of Article 840 (2) shall apply mutatis mutandis in cases falling under paragraph (1).[This Article Wholly Amended by Act No. 8581, Aug. 3, 2007]
Laws › Commercial Act › SECTION 4 Time Charter
Commercial Act — Article 846 (Expiration of Claims of Time Charters)
상법 제846조
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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