Terms and Conditions

Effective Date: March 30th, 2009

Please read the terms and conditions of e-B/L Korea.

Chapter 1 General Provisions

Article 1 (Purpose)

The purpose of this agreement is to define the relationship between the e-B/L registration authority and the e-B/L user in regard to the issuance and distribution of the e-B/L in accordance with the Enforcement Regulation, concerning the e-B/L provision of the Commercial Act (referred to as the Enforcement Regulation hereinafter).

Article 2 (Scope of application)

1. This agreement is applied to the e-B/L registration authority and the e-B/L user who wants to issue or distribute the e-B/L.
2. This agreement, the Commercial Act and the Enforcement Regulation, apply to the issuance and distribution of the e-B/L.

Article 3 (Definition of terms)

The terms used in this agreement are defined as follows :

1. The e-B/L refers to the bill of lading that is electronically created, and registered with the e-B/L registration authority in accordance with Clause 1 of Article 862 of the Commercial Act.
2. The e-B/L registration authority (referred to as the registration authority hereinafter) refers to the entity that is designated by the Minister of Justice and handles such tasks as issuance, registration, transfer and change of e-B/L, conversion thereof to paper B/L, and preservation of related electronic records. In this agreement is designated by the Korea Trade Network (KTNET).
3. User refers to the customer who connects to the registration authority, agrees to its terms and conditions, enters into a contract with the registration authority, and uses the services provided by it.
4. The e-B/L services (referred to as services hereinafter) refers to all services (business activities), provided by the registration authority, related to the issuance and distribution of the e-B/L, such as issuance, registration and transfer of e-B/L and conversion thereof to paper B/L.
5. The e-B/L title registry (referred to as electronic registry hereinafter) refers to the book electronically managed by the registration authority to manage entries related to issuance, registration and transfer of e-B/L, and conversion thereof to paper B/L.