New Delhi, March 28 -- Lok Sabha on Friday passed 'Carriage of Goods by Sea Bill, 2024' which aims to modernise, update legal framework as well as enhance Ease of Doing Business (EODB) in India's maritime sector.

Carriage of Goods by Sea Bill, 2024 seeks to replace the colonial-era Carriage of Goods by Sea Act, 1925. The colonial era act was rooted in the century-old Hague Rules. The new bill addresses various gaps with clarity, foresight, and renewed relevance for a rapidly evolving maritime sector.

Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal said the passing of the Carriage of Goods by Sea Bill in the Lok Sabha marks a crucial step toward realising Prime Minister Narendra Modiji's vision of updating and modernis...