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An Overview of Bills of Lading Bill 2024

By |August 20th, 2024|Categories: Blogs|

An Overview of Bills of Lading Bill 2024 Hon’ble shipping minister Mr. Sarbananda Sonowal introduced the Bills of Lading Bill 2024 (“Bill”) on 9th August 2024. It aims to replace the Bills of Lading Act 1856 (“Act 1856”), which was enacted to make changes in the law relating to the bill of lading in two key aspects, which are as follows: (a)Granting the consignee or endorsee of the bill of lading all rights about the contract contained in the bill of lading, as well as the property; and(b)Guaranteeing that a transferred bill of lading in the possession of a legitimate [...]

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