Shipping Minister Sarbananda Sonowal introduced two Bills – The Carriage of Goods by Sea Bill, 2024, and the Bills of Lading Bill, 2024 – in the Lok Sabha on Friday. The Carriage of Goods by Sea Bill, 2024, aims to align with international conventions and adapt to the evolving global shipping industry. This legislation will apply to outward cargo, specifically ships transporting goods from Indian ports to other ports, within or outside India.
The Bill intends to replace the outdated Indian Carriage of Goods by Sea Act (1925) with modern legislation that maintains the essence of the original act while enhancing simplicity and comprehension. The Shipping Ministry highlighted the need for the new statute to simplify the law and make it more accessible to stakeholders. Additionally, the Bills of Lading Bill, 2024, will transfer rights under bills of lading to consignees or endorsees, replacing the antiquated Indian Bills of Lading Act 1856.
Sonowal emphasized the importance of adapting to international conventions and the changing global landscape to ensure clarity and understanding of the law. The Bills introduced aim to streamline processes and enhance legal frameworks in the maritime sector, reflecting the government’s commitment to modernizing legislation for the benefit of all stakeholders involved in shipping and logistics.
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