| Key Details | Information |
|---|---|
| Bill Name | Carriage of Goods by Sea Bill, 2025 |
| Previous Act | Indian Carriage of Goods by Sea Act, 1925 |
| Legislative Approval | Passed by Rajya Sabha (today) after earlier passage in Lok Sabha |
| Objective | Reforms India's maritime trade laws, replacing the outdated 1925 Act with a modern legal framework |
| Key Features | - Clarifies responsibilities, liabilities, rights, and immunities for goods carried from Indian ports- Empowers central government to issue directions and amend rules for bills of lading |
| Alignment | Aligns India's shipping regulations with modern international maritime practices |
| Ease of Doing Business | Simplifies maritime trade laws to boost ease of doing business |
| Economic Impact | - Strengthens India's shipping industry- Supports India's goal to become the world's third-largest economy |
| Port Capacity Growth | Cargo handling capacity at major ports doubled from 819 million tonnes (2014-15) to over 1,600 million tonnes (2024) |
| Port Infrastructure | India has 12 major ports and over 100 smaller ports, critical for trade |
| Expected Benefits | - Reduces disputes over shipping contracts- Enhances legal certainty for trade- Attracts greater investment into India's maritime infrastructure |
| Global Best Practices | Reflects India's commitment to updating trade laws in line with global standards |
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