New Delhi, March 28 -- The Lok Sabha has passed the Carriage of Goods by Sea Bill, 2024, which seeks to replace the Indian Carriage of Goods by Sea Act, 1925.
The legislation provides for the responsibilities, liabilities, rights and immunities attached to carriers with respect to the carriage of goods by sea.
The Bill empowers the central government to issue directions for carrying out provisions of the Bill and amend the schedule specifying rules applicable to bills of lading.
Replying to a debate on the bill, Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal said the purpose of the bill is to position India's maritime trade practices at par with global standard.
He also said that by fostering greater transparency, ...