General average shall be shared by interested persons in proportion to the ratio of the value of a ship and cargo which escaped a peril, half the freight, and the amount of the general average.[This Article Wholly Amended by Act No. 8581, Aug. 3, 2007]
Laws › Commercial Act › SECTION 1 General Average
Commercial Act — Article 866 (Sharing Expenses of General Average)
상법 제866조
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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