Article 617Extinctive Prescription of Claims Involving Warehouse Operator's Liability

①A claim involving the liability of a warehouse operator arising from loss or damage to bailed goods is extinguished by prescription if it is not exercised within one year after the date of the removal of the bailed goods from the warehouse facility.

②In the event of a total loss of bailed goods, the period referred to in the preceding paragraph is counted from the day on which the warehouse operator issued notice of the loss to the holder of the warehouse receipt (or to the bailor if no warehouse receipt is prepared or the holder of the warehouse receipt is unknown).

③The provisions of the preceding two paragraphs do not apply if the warehouse operator has knowledge of the loss or damage to the bailed goods.