It is believed that the numerical simulation of thermal-hydraulic phenomena of multiphase, multicomponent flows in a reactor core is essential to investigate core disruptive accidents (CDAs) of liquid-metal fast reactors. A new multicomponent vaporization/condensation (V/C) model was developed to provide a generalized model for a fast reactor safety analysis code SIMMER-III, which analyzes relatively short-time-scale phenomena relevant to accident sequences of CDAs. The model characterizes the V/C process associated with phase transition through heat-transfer and mass-diffusion limited models to follow the time evolution of the reactor core under CDA conditions. The heat-transfer limited model describes the nonequilibrium phase-transition processes occurring at interfaces, while the mass-diffusion limited model is employed to represent effects of noncondensable gases and multicomponent mixture on V/C processes. Verification of the model and method employed in the multicomponent V/C model of SIMMER-III was performed successfully by analyzing two series of condensation experiments.