In news
Shipping Ministry issues draft “Coastal Shipping Bill, 2020” for public consultation
Key highlights of the draft bill
The Ministry of Shipping has drafted a Coastal Shipping Bill, 2020 in lieu of part XIV of the Merchant Shipping Act, 1958. Some of the highlights of the Bill are as under:
- The definition of coastal shipping and coastal waters has been expanded.
- It is proposed to do away with the requirement of trading licence for Indian flag vessels for coastal trade.
- The Bill seeks to create a competitive environment and reduce transportation costs, while encouraging Indian vessels to increase their share in coastal shipping.
- The Bill also proposes the integration of coastal maritime transport with inland waterways.
- There is a provision for a National Coastal and Inland Shipping Strategic Plan.
Source: PIB
