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 11-Mar-2025

Bills of Lading Bill, 2025

Indian Polity

Why in News? 

  • The Lok Sabha has passed the Bills of Lading Bill, 2025, replacing the Indian Bills of Lading Act, 1856.    

About Bills of Lading Bill, 2025? 

  • Bills of Lading are essential documents in maritime trade, serving as evidence of the contract of carriage, receipt of goods, and document of title.   
  • The Bills of Lading Bill, 2025 aims to:   
    • Modernize and simplify the language of the old legislation.  
    • Align India's maritime laws with global standards.   
    • Enhance the ease of doing business in the shipping sector.  

Key Features of the Bill 

  • Simplification: Updates archaic language to make the law more accessible.  
  • Reorganization: Structures provisions logically without altering their essence.   
  • Government Empowerment: Grants the Central Government authority to issue directions for effective implementation.  
  • Repeal of Colonial Legacy: Eliminates outdated colonial provisions to reflect India's modern identity.   

Significance of the Bill 

  • Legal Modernization: Replaces a 169-year-old law to suit contemporary maritime practices.   
  • Business Facilitation: Simplifies procedures, promoting efficiency in maritime trade.  
  • Global Alignment: Ensures India's shipping laws are in sync with international standards, boosting global trade relations.