Korean Law in English
Laws › Commercial Act › SECTION 6 Sea Waybills

Commercial Act — Article 860 (Priority Ranking of Several Holders of Bills of Lading)

상법 제860조

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) With respect to the cargo deposited under Article 859, the right of a holder of a bill of lading who received the bill of lading from the former holder common to several holders of the bill of lading earlier than others, shall prevail over the right of other holders.

(2) With respect to a bill of lading sent to a person at a distant place, the time when the bill of lading has been sent shall be deemed the time delivered.[This Article Wholly Amended by Act No. 8581, Aug. 3, 2007]

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