The Merchant Shipping Bill 2016, which seeks to repeal the 1958 Act and a British-era Vessels Act and make the law "contemporaneous, futuristic and dynamic" to meet the requirements of the emerging Indian economy, was introduced by Minister of State for Road Transport and Shipping P Radhakrishnan.
"It has become imperative to repeal the Merchant Shipping Act, 1958 and the Coasting Vessels Act, 1838" and ensure that the redundant and old British-era provisions of these laws be replaced with contemporary provisions, the Statement of Objects and Reasons of the Bill said.
The Minister also withdrew the Merchant Shipping Amendment Bill, 2015, before introducing the comprehensive legislation.
The proposed measure seeks to entitle the seafarers held in captivity of pirates to receive wages till they are released from captivity and reach home safely so as to ensure welfare of seafarers, the statement said.
It seeks to make insurance compulsory for the crew engaged on vessels, including fishing, sailing, non-propelled vessels and vessels whose net tonnage is less than 15 and solely engaged in coasting trade of India, by owner of vessel.
The Cabinet had last month approved the Bill to repeal the 58-year old law to promote ease of doing business, transparency and effective delivery of services.
The Merchant Shipping Act 1958 had become a bulky piece of legislation over the years as a result of 17 amendments carried out in the Act between 1966 and 2014, resulting in an increase in the number of sections to over 560. These provisions were meticulously shortened to 280 sections in the Bill, an official statement said earlier.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
