Commercial Act — Article 883 (Determination of Remuneration)

In cases where there is no stipulation concerning salvage charge, when an agreement between parties on such amount has not been made, the court shall, at the request of the parties, determine the amount, taking the value of the salvaged ship and property, the degree of the peril, the effort and expense of the salvor, the degree of the peril the salvor or his/her equipment encountered, the effect of the salvage, the effort for prevention of environmental damage, and all other circumstances into consideration.[This Article Wholly Amended by Act No. 8581, Aug. 3, 2007]