Tuesday, October 7, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Exports

Export: New BoL makes it easy for maritime sector

Fiinews by Fiinews
July 23, 2025
in Exports
Reading Time: 2 mins read
A A
0
Aieclogo

AIEC

0
SHARES
15
VIEWS
LinkedinShare on Twitter

Bill 2025 to strengthen India’s global trade standing

The ‘Bills of Lading, 2025’ bill was passed by the Rajya Sabha on 21 July, marking a watershed moment for India’s maritime sector, and replacing the 169 year-old colonial era Indian Lading Act, 1856 https://www.aiechamber.org/.

It now awaits a formal Presidential Assent, said the Ministry of Ports, Shipping and Waterways.

“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,” said Minister of Ports, Shipping & Waterways (MoPSW) Sarbananda Sonowal in the upper house https://fieo.org/.

Calling the members of the House to pass the Bill, Sarbananda Sonowal said, “‘The Bills of Lading, 2025’ bill reflects our constitutional values and marks a vital step in replacing outdated colonial laws with a modern, accessible framework.”

The new law replaces archaic terminology with clear & business friendly language, streamlining rights & obligations for carriers, shippers and lawful holders; reducing ambiguity in shipping documentation to lower litigation risks as well as strengthening India’s position in global trade by aligning with international norms https://www.nseindia.com/.

Elaborated Sonowal, “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The bill renames the outdated law, symbolising a decisive move away from India’s colonial past. It simplifies legal language, restructures complex provisions, and introduces an enabling clause empowering the Central Government to issue directions for effective implementation.

By incorporating a standard repeal and saving clause, the legislation ensures continuity and legal validity of past actions under the old Act https://www.bseindia.com/.

These reforms aim to enhance clarity, promote ease of understanding, and enable smoother enforcement in line with contemporary trade and legal standards enabling Ease of Doing Business (EODB) in India, MoPSW said. fiinews.com

Tags: MoPSW
ShareTweetShare

Related Posts

UPI
Exports

Export: Businesses urged to explore markets

by Fiinews
October 7, 2025
0
16

Minister launches UPI at Lulu Mall The Commerce and Industry Minister Piyush Goyal has urged Indian and Qatari businesses to...

India export mart
Exports

Export: India traded $441bn in Q4’25

by Fiinews
October 7, 2025
0
14

North America was strongest export market, says report India’s trade performance remained steady, with total trade at US$441 billion, up...

Cummins India

Export: Cummins’ Make-in-India products go global

October 7, 2025
15
UPITS

Export: FIEO signed $425m deals in UPITS 2025

October 3, 2025
14
FIEO

Export: FIEO welcomes extension of RoDTEP

October 3, 2025
12
Lulu

Export: 530 buyers attended RBSM meet at WFI 2025

October 3, 2025
15
SBI YONO
Sabit

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Market: NX aims for Y60bn sales from India
  • Market: Bengaluru to advance Saviynt’s R&D
  • Market: Netsmart strengthen capabilities in India
  • Project: Canada-India energy partnership call renewed
  • Tech: CFOs seek insight into real-time data

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.