The Act establishes the responsibilities, liabilities, rights, and immunities in case of goods carried from a port in India to another port in the country or any other in the world, and is in conformance with the International Convention for the Unification of Certain Rules of Law relating to Bills of Lading of August 1924 (Hague Rules) and subsequent amendments to it.The Bill retains all provisions of the Act.According to a government statement, the bill simplifies the language and structure, making the law more accessible to stakeholders, particularly Indian exporters, importers, and shipping professionals.While retaining the substantive legal framework, the bill aligns it with contemporary drafting practices, reducing ambiguities and minimising the risk of potential litigation.The bill empowers the government allowing India to swiftly adapt to evolving international maritime conventions.It also ensures transparency and accountability by providing for parliamentary oversight of executive notifications.
Source link
