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Bills Of Lading 2025: Rajya Sabha Passes Landmark 'Bills of Lading, 2025'; Set for Presidential AssentETInfra

Bills Of Lading 2025: Rajya Sabha Passes Landmark 'Bills of Lading, 2025'; Set for Presidential AssentETInfra

Time of India6 days ago
Advt
Minister's remarks in Parliament
Key provisions of the bill
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ETInfra
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On the first day of the Monsoon Session, the Rajya Sabha passed the 'Bills of Lading, 2025' bill, clearing the way for it to become law pending Presidential assent . The legislation, already cleared by the Lok Sabha, was tabled in the Upper House by Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal The bill seeks to repeal and replace the Indian Bills of Lading Act , 1856, introducing a revised legal framework for shipping documentation . According to the government, the legislation updates legal definitions and provisions to bring India in line with current international standards.Tabling the bill, Sarbananda Sonowal said, 'This vision is not merely aspirational; it is a call to action, urging us to align our efforts and aspirations with the promise of a new and prosperous Bharat. In the words of the Hon'ble Prime Minister, 'India must act with speed and scale to reform its systems and transform its future'.'Sonowal further said, 'Today, as we reflect on the 76th year since the adoption of the Indian Constitution , it is the perfect moment to cast aside the remnants of colonial and pre-constitutional legacies that hinder our progress. 'Swarnim Bharat' needs a statute that is contemporary, crafted by our own people, and capable of addressing the challenges of the modern era.'The new law updates the terminology and framework used in shipping documentation in India. It outlines the rights and obligations of carriers, shippers, and lawful holders.The legislation also includes a clause allowing the central government to issue directions for implementation, and a standard repeal and saving clause to ensure the continuity of past actions under the previous Act.Sonowal, calling for support in the House, said, ''The Bills of Lading, 2025' bill reflects our constitutional values and marks a vital step in replacing outdated colonial laws with a modern, accessible framework. As our maritime sector expands rapidly, this reform will boost ease of doing business , reduce disputes, and strengthen India's global trade standing. As the saying goes — 'Whoever rules the waves, rules the world' — it's time India leads from the front.'
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