The Bills of Lading Act, 2025
The Bills of Lading Act, 2025
Infrastructure20256 sections
The Bills of Lading Act, 2025, regulates the legal rights and liabilities associated with the transfer of shipping documents during the sea transport of goods. It applies to original shippers, vessel masters, and the consignees or endorsees who receive the goods. This law matters because it ensures that when a buyer or receiver is transferred a bill of lading, they legally inherit all rights and responsibilities tied to that contract. Furthermore, it protects innocent buyers by making the bill conclusive proof that the goods were actually loaded onto the ship. By modernizing a pre-independence 1856 law, it simplifies rules crucial for commercial maritime trade.
- 1. Short title and commencement.
- 2. Rights under bills of lading to vest in consignee or endorsee.
- 3. Right of stoppage in transit or claims for freight not to be affected.
- 4. Bill of lading in hands of consignee, etc., conclusive evidence of shipment as against master, etc.
- 5. Power of Central Government to give directions.
- 6. Repeal and savings.
PDF: pending for this language.