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Merchant Shipping Bill, 2024
December 14 , 2024
13 hrs 0 min
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- The Merchant Shipping Bill of 2024 seeks to repeal the Merchant Shipping Act of 1958.
- This bill redefines and simplify ownership criteria for merchant vessels in the country.
- Currently, only Indian citizens or companies can register ships under the Indian flag.
- It is making it easier for Indian-flagged vessels to operate, and also streamline a variety of regulations that deal with marine casualties.
- It has been proposed to expand the eligibility criteria for ownership of the vessels and increasing tonnage under the Indian flag.
- The Bill also makes provision for temporary registration of vessels seeking to be recycled in India.
- It provides for the constitution of a limitation fund for certain claims and aims to streamline administrative processes with electronic registration and digital records.
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