Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal moved the bill for consideration and passage by the Upper House.
He said the new legislation will replace the Indian Bill of Lading Act 1856 as the Bill of Lading Act 2025.
A bill of lading refers to a document issued by a freight carrier to a shipper. It contains details such as the type, quantity, condition and destination of goods being carried.
The bill seeks to make provisions for the transfer of rights of suit and all liabilities to the consignee named in a bill of lading and every endorsee of a bill of lading, to whom the property in the goods mentioned in the bill of lading shall pass, upon or by reason of a consignment or an endorsement. PTI RSN RKL TRB