1. Revocation of the first instance judgment.

2. The final claim inspection judgment of Busan District Court 2012.60 dated December 16, 2014

1. Basic facts

A. The Plaintiff is a company with the purpose of owning ships established under the laws of the Republic of Pakistan. The Plaintiff is a company with the purpose of owning ships established under the laws of the Republic of Pakistan. The Changsung Shipping Co., Ltd. (hereinafter “

(2) On March 22, 2012, Busan District Court Decision 2012Kahap3, Busan District Court Decision 2010 Ma11, on August 9, 2010, the rehabilitation decision was rendered on January 27, 2012 by the Busan District Court Decision 2010 Ma11, but the rehabilitation procedure was abolished on January 27, 2012.

On July 25, 2012, the rehabilitation decision was issued and the rehabilitation decision was issued.

A and B were appointed as co-manager of the Orart Shipbuilding, and on March 13, 2017, B was dismissed, and C was appointed as a new co-manager on April 17, 2017.

(hereinafter referred to as the "Defendant"). (B) The co-manager of the original fishing boat, both before and after the change of the co-manager, shall be the joint manager.

On July 11, 2007, including the conclusion of the shipbuilding contract of this case, creative sea entered into a shipbuilding agreement with the original shipbuilding vessel and the OSN-1014 vessel (hereinafter “instant vessel”) with the amount of USD 33,800,000 for the shipbuilding price.

(B) No. 1 certificate, hereinafter “instant contract”). The main contents of the instant contract are as follows.

Articles 1 and 12 of the Articles of Incorporation

I. 3.(a) In the case of “(a),” the translation is made “Article I(3)(a).”

Description and Prepaid

3.(a) The vessel of this case must be constructed in conformity with the current regulations and rules of the Korean vessel level.

(b) The provisions, rules, and requirements of Korean level shall include the publication and effective as of the date of the conclusion of the instant contract.

Articles of Incorporation

Ⅲ Adjustment of the cost of shipbuilding vessels; and

1. The delay in delivery of the vessel (c), but the delivery of the vessel, if any.