Shipping Minister launches ‘SAROD-Ports’ for disputes of maritime sector

Union Minister Mansukh Mandaviya has launched a dispute redressal mechanism named “SAROD-Ports” (Society for Affordable Redressal of Disputes-Ports) to facilitate affordable and timely resolution of disputes for the maritime sector.

Boost your Banking Awareness Knowledge with Adda247 Live Batch: TARGET GA BATCH | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams

About SAROD-Ports:

• SAROD-Ports will advise and assist in settlement of disputes through arbitrations in the maritime sector, including ports and shipping sector in Major Port Trusts, Non-major Ports, including private ports, jetties, terminals and harbours.
• The mechanism is similar to provision available in the highway sector in the form of SAROD-Roads constituted by NHAI. It has been established under the Societies Registration Act, 1860 for affordable and timely resolution of disputes in a fair manner.
• SAROD-Ports will resolve the disputes in fair and just manner while saving a huge amount of legal expenditure and time.
• SAROD-Ports will inspire confidence among private players working with major ports and will ensure the right kind of environment.
• It will promote ease of doing business in the maritime sector because of the fast, timely, cost-effective and robust dispute resolution mechanism.

Find More National News Here