New Delhi, March 28, 2025 — The Lok Sabha has passed the Carriage of Goods by Sea Bill, replacing the outdated Indian Carriage of Goods by Sea Act of 1925. This bill updates the legal framework for sea transportation, aligning it with international standards and providing clear guidelines for ship owners, cargo owners, and insurers to enhance efficiency in the shipping sector.
The reform aims to strengthen India’s maritime industry, reduce legal disputes, and improve trade practices. By modernizing the bill, the government seeks to create a more competitive and streamlined cargo transportation system, boosting India’s position in global trade.
