THE BILLS OF LADING BILL, 2025
What does this law do?
This law changes how rights and liabilities transfer when goods are shipped, ensuring that the consignee or endorsee of a bill of lading gets all rights and liabilities related to the goods, as if they were the original shipper. It also makes bills of lading conclusive evidence of shipment, even if goods weren't actually loaded, unless the holder knew otherwise.
Who it affects
Consignment and endorsement of goods via bills of lading
Key provisions
- Rights and liabilities transfer to consignee or endorsee upon endorsement
- Bills of lading are conclusive evidence of shipment
- Master or signer can avoid liability if fraud is proven by shipper
- Repeals Indian Bills of Lading Act, 1856
- Central Government can give directions to implement the Act
Points worth noting
- Repeals the Indian Bills of Lading Act, 1856
- This is not a Constitutional amendment
- Creates no new offences or penalties
- Applies to bills of lading for goods shipped by sea
| Source body | Parliament of India — Bills (Lok Sabha & Rajya Sabha) |
| Reference number | 111 |
| Status | closed (section: bill) |
| Year | 2024 |
| Closing date | — |
| Documents | 3 |
Highlights & Points worth asking
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Documents
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