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- Repeal of Colonial Legacy: Eliminates outdated colonial provisions to reflect India's modern identity.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.