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Commercial Act — Article 854 (Legal Effects of Statements in Bills of Lading)

상법 제854조

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) Where a bill of lading has been issued under Article 853 (1), it is presumed that a contract of affreightment in a general ship has been concluded between a carrier and a consignor and cargo has been received or loaded as stated in the bill of lading.

(2) A carrier shall be deemed to have received or loaded cargo as stated in a bill of lading and shall take responsibilities of a carrier as stated in the bill of lading to the holder who has acquired the bill of lading mentioned in paragraph (1) in good faith.[This Article Wholly Amended by Act No. 8581, Aug. 3, 2007]

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