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Aparna
Aparna

Aparna

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Aparna
Asked: October 18, 20212021-10-18T01:51:39+05:30 2021-10-18T01:51:39+05:30In: Economics

What is SAROD-Port?

What is SAROD Ports?

current affairsinfrastructure
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      [Deleted User]
      2021-10-18T02:01:29+05:30Added an answer on October 18, 2021 at 2:01 am

      Context:

      The government recently launched ‘SAROD-Ports’ (Society for Affordable Redressal of Disputes – Ports) through a virtual ceremony to sort out disputes in the Maritime Sector.

      SAROD-Port

      • SAROD-Port is a dispute redressal mechanism for all kinds of disputes related to the maritime sector.
      • It consists of members from the
        • Indian Ports Association (IPA)
        • Indian Private Ports and Terminals Association (IPTTA).
      • SAROD-Ports have been established under the Societies Registration Act, 1860 with the objectives of 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 similar to the provision available in the highway sector in the form of SARODRoads constituted by the National Highways Authority of India (NHAI).

      Functions of the SAROD-Ports

      • 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 harbors.
      • 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.

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