When a ship, its appurtenances, or the whole or any portion of its cargo was returned to an owner after a shipowner, charterer, consignor, or other interested persons shared the amount of general average, such owner shall return the balance of the general average remuneration after deducting therefrom salvage charges and the amount of damage incurred due to a partial loss.[This Article Wholly Amended by Act No. 8581, Aug. 3, 2007]
Laws › Commercial Act › SECTION 1 General Average
Commercial Act — Article 874 (Recovery of Damage Which is General Average)
상법 제874조
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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