Passage of the Carriage of Goods by Sea Bill, 2024
The Parliament has passed the Carriage of Goods by Sea Bill, 2024, a milestone in updating India's maritime legal framework.
Significance and Modernisation
- The legislation replaces the Indian Carriage of Goods by Sea Act of 1925, a colonial-era law.
- Aligns Indian law with international maritime conventions.
- Promotes ease of doing business by modernizing maritime shipping regulations.
Key Features of the New Law
- Clear allocation of liabilities and responsibilities for carriers and consignees.
- Legal safeguards for parties in shipping contracts.
- Regulatory flexibility for the government to adapt the law as necessary.
Central Government Powers
- Issuing Directions: Ability to issue guidelines for effective implementation.
- Amending Rules: Can modify rules related to bills of lading without new legislation.
Bill of Lading
A crucial document in maritime trade, it serves as a legal receipt that lists goods being shipped, their quantity, condition, and destination. It also acts as proof of ownership and outlines responsibilities and rights.
Simplification and Modernisation
The bill's role in making maritime regulations more transparent, eliminating colonial mindsets, and reflecting the realities of international shipping.
