The Indian Bills of Lading Act 1856

The Indian Bills of Lading Act 1856 provides a legal framework for the transfer of property and rights over goods shipped by sea. A bill of lading is a document that acknowledges receipt of goods by a shipping company and serves as evidence of a contract of carriage. This Act governs the transfer of such bills of lading, enabling the transfer of property and rights over goods from the original shipper to other parties, including banks and buyers. The Act also outlines the liabilities of carriers and the rights of consignees in case of loss or damage to goods during transit.