India To Modernise 169-Year-Old Colonial Shipping Law With Bill Of Lading Act 2025

html bodyImage for representation functions simplest The Lok Sabha has passed the Indian Bills of Lading Act 1856 The bill will update and simplify the felony framework governing delivery documents making it extra related to the evolving wishes of the transport industry as well as world trade The current Bills of Lading Act 1856 a brief 3phase regulation mainly focused at the switch of rights and confirmation of products loaded onto a vessel However with the growth of worldwide trade and developments in transport the federal government noticed the need to introduce a complete and userfriendly legislation that complies with international practices The Bills of Lading Bill 2025 offered by Sarbananda Sonowal the Union Minister of Ports Shipping Waterways will rename the legislation as the Bill of Lading Act 2025 The government has confident that whilst the invoice modernises the framework it does not adjust the basic legal rules of the unique act It also grants the Central Government the authority to factor instructions for the effective implementation of the law as well as contains a normal repeal and saving clause to make sure smooth transition The minister says that this bill is a very powerful step in taking out outdated colonialera laws as well as bringing India s maritime laws in line with global standards He mentioned that the invoice will help create a more environment friendly secure as well as transparent delivery zone decreasing prison complexities for shippers companies as well as lawful holders of goods The regulation may even promote smoother business operations lower litigation dangers and reinforce India s status in international maritime business The invoice is a part of an effort to modernise India s maritime regulations as well as make the country a global leader in transport as well as commerce It is now set to be presented within the Rajya Sabha before being despatched for the President s assent to become legislation Reference PIB Marine Insight 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