Laws › Commercial Act › SECTION 3 Salvage

Commercial Act — Article 888 (Distribution of Salvage Charge between Co-salvors)

상법 제888조

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 several persons have jointly engaged in a salvage, the provisions of Article 883 shall apply mutatis mutandis to the distribution ratio of such salvage charge.

(2) A person who has engaged in life saving may also receive salvage charge distributed in accordance with paragraph (1).[This Article Wholly Amended by Act No. 8581, Aug. 3, 2007]

Korean original (law.go.kr) · Get articles as JSON via API

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