Carriage of Goods by Sea Bill, 2024

The Lok Sabha has recently passed the Carriage of Goods by Sea Bill, 2024. This legislation aims to update India’s maritime laws to align with international standards. It replaces the outdated Indian Carriage of Goods by Sea Act, 1925. The new Bill is part of a broader initiative to eliminate colonial-era laws and streamline maritime regulations. It is designed to enhance ease of doing business in the shipping industry.

Objectives

The primary objective of the Bill is to modernise maritime law. It clarifies the rights, duties, liabilities, and immunities of carriers transporting goods by sea. The legislation aims to simplify existing provisions and make them easier to understand. This is expected to improve compliance and efficiency in maritime operations.

Compliance with International Standards

The Bill adheres to the International Convention for the Unification of Certain Rules of Law relating to Bills of Lading, known as the Hague Rules. This alignment ensures that Indian maritime law is consistent with global practices. It enhances the credibility of India’s shipping sector in international trade.

Empowerment of the Union Government

The new legislation grants the Union government the authority to issue directions regarding maritime trade. It also allows for amendments to the rules applicable to bills of lading. This flexibility is crucial for adapting to changing trade dynamics and ensuring effective regulation.

Impact on the Shipping Industry

By providing clear regulations, the Bill will encourage a more conducive environment for business. The Bills aim to enhance operational efficiency and reduce legal ambiguities in maritime trade.

Month: Current Affairs - March, 2025

Category: Legal & Constitution Current Affairs