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Commercial Act — Article 887 (Agreements on Salvage)

상법 제887조

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) In cases where parties have made a salvage contract in advance and the salvage has been performed according to such contract, matters not stipulated in the salvage contract shall be subject to the provisions of this Section, unless contrary to its nature.

(2) Even if the amount of salvage charge has been agreed upon at the time of an accident at sea, when such amount is considerably unfair, the court may increase or decrease such amount, taking the circumstances described in Article 883 into consideration.[This Article Wholly Amended by Act No. 8581, Aug. 3, 2007]

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