India has introduced the Bills of Lading Bill, 2025, which aims to replace the colonial-era Indian Bills of Lading Act, 1856. This new legislation will modernize and simplify the legal framework surrounding shipping documents, aligning it with global trade needs and international standards.
Key Reforms of the Bills of Lading Bill, 2025
The Bills of Lading Bill, 2025 intends to:
- Simplify the language of the existing law to make it more accessible and understandable.
- Reorganize provisions to enhance clarity without altering their core substance.
- Empower the Central Government to issue necessary directions for the law’s effective implementation.
- Eliminate colonial legacies by updating the framework to meet current global shipping standards.
The new law will bring about greater predictability and clarity for shippers, carriers, and goods holders, creating a more reliable and efficient shipping environment.
Expected Benefits and Implementation Process
- The Bill is a significant step in modernizing India’s legal framework, as stated by Shri Sarbananda Sonowal, Union Minister of Ports, Shipping & Waterways. It supports Prime Minister Modi’s vision of modernizing India’s laws and aligning them with international standards.
- The Bill aims to reduce litigation risks, streamline business processes, and enhance competitiveness in global maritime trade.
After passing through the Lok Sabha, the Bills of Lading Bill, 2025 will now be presented in the Rajya Sabha before being promulgated into law upon the President’s assent.
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Source: SAFETY4SEA
