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SAROD-PORTS LAUNCHED

Focus: Prelims, GS-II Governance

Why in news?

Union Minister of State for Shipping (I/C) launched ‘SAROD-Ports’ (Society for Affordable Redressal of Disputes – Ports).

SAROD-Ports

SAROD-Ports is established under Societies Registration Act, 1860 with the following objectives:

  1. Affordable and timely resolution of disputes in fair manner
  2. Enrichment of Dispute Resolution Mechanism with the panel of technical experts as arbitrators.

SAROD-Ports consists members from Indian Ports Association (IPA) and Indian Private Ports and Terminals Association (IPTTA).

  • 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.
  • It will also cover disputes between granting authority and Licensee/Concessionaire /Contractor   and also disputes between Licensee/Concessionaire and their contractors arising out of and during the course of execution of various contracts.
  • ‘SAROD-Ports’ is similar to provision available in Highway Sector in the form of SAROD-Roads constituted by NHAI.
  • SAROD-Ports will inspire confidence in the private players and will ensure right kind of environment for our partners.
  • It will promote ease of doing business in the maritime sector because of the fast, timely, cost effective and robust dispute resolution mechanism.
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October 2022
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