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Context: Union Minister for Ports, Shipping and Waterways launched the App Version of the National Logistics Portal (Marine) ‘Sagar-Setu’.

Sagar-Setu

About

• The app is designed to include features such as a login module, a service catalogue, a common application format, a letter of credit, a bank guarantee, certification, and track and trace, among other things.

Advantages for Traders

• Increase convenience by reducing approval and compliance turnaround times.
• Improve visibility and tracking of activities.

Advantages for Service Providers

• Assist in the tracking of records and transactions provided.
• Get service request notifications.

Significance

• It will give real-time information on operations that are normally unavailable to importers, exporters, and customs brokers, such as vessel-related information, gate, container freight stations, and transactions.
• It also permits digital transactions for payments necessary for the import and export clearance procedure, such as container freight station costs, shipping line charges, transportation charges, and so on.

Must Read Articles:

National Logistics Portal: https://www.iasgyan.in/daily-current-affairs/national-logistics-portal

https://www.pib.gov.in/PressReleasePage.aspx?PRID=1912565

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