SAROD-Ports - PIB - 10-09-2020
Union Minister of State for Shipping launches
‘SAROD-Ports’ (Society for Affordable Redressal of Disputes – Ports).
Objectives of SAROD-Ports:
Affordable and timely resolution of disputes in a fair manner.
Enrichment of Dispute Resolution Mechanism with the panel of technical experts as arbitrators.
SAROD-Ports is a dispute redressal mechanism to facilitate affordable and timely resolution of disputes for the maritime sector.
It has been established under the Societies Registration Act, 1860 for affordable and timely resolution of disputes in a fair manner.
SAROD-Ports consists of members from the Indian Ports Association (IPA) and Indian Private Ports and Terminals Association (IPTTA).
It will advise and assist in the 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 the provision available in the highway sector in the form of SAROD-Roads constituted by the National Highways Authorities of India (NHAI).