Search Result for : Merchant Shipping Act

The Dollar Business Bureau In order to simplify the laws governing the merchant shipping in the country, the Cabinet has given its nod for introducing the Merchant Shipping Bill, 2016, in the Parliament. “The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the Merchant Shipping Bill, 2016 for introducing it in the Parliament,” said an official release. The Bill is a revised version of the Merchant Shipping Act, 1958 and provides for repealing of the 1958 act along with the repealing of Coasting Vessels Act of 1838, the release said. Over the years, the 1958 act had become a massive piece of legislation due to several amendments, which are carried out from time to time. Between 1966 and 2014, the Act ...

The Dollar Business Bureau    In an effort to revamp the shipping industry, the government is in the process of overhauling the existing laws related to ports and merchant shipping. To replace many of these archaic rules which have been enforced for more than 100 years, the Shipping Ministry will introduce a fresh set of laws in the parliament in the next six months. “Be it the major ports act, merchant shipping act, we are relooking at most of our acts some of which are more than 100 years old and we expect that in the next six months, we should be able to revamp and introduce in the parliament all the major acts which the ministry is concerned with, doing ...

Source: PIB, Government of India The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved the Ministry of Shipping's proposal for India's accession to the International Convention on Civil Liability for Bunker Oil Pollution Damage, 2001 (Bunker Convention) of the International Maritime Organization [IMO]. Approval was also given to amend the Merchant Shipping Act, 1958 to give effect to the Bunker Convention, Nairobi Convention and Salvage Convention. The Bunker Convention ensures adequate, prompt, and effective compensation for damage caused by spills of oil, when carried as fuel in ships' bunkers. The territorial jurisdiction for damage compensation extends to territorial sea and exclusive economic zones. It applies to an Indian vessel, wherever it is situated, and to a foreign ...