Exporter or Importer to arrange Insurance under DPU terms?
When a term DPU stands for Delivered at Place Unloaded, who is liable to take insurance? Is the Exporter or the Importer under Export Import trade?
Under DPU terms in international trade, the exporter takes care the cost of pre carriage, main carriage and on carriage except destination port customs clearance and import taxes if any.
Under DPU terms in Inco Terms 2020 does not specify about insurance, neither importer nor exporter is liable to arrange insurance. However, the exporter or importer may arrange insurance on movement of goods as per their agreed contract of carriage included in the sale contract.
So the responsibility of arranging Insurance under DPU terms under Incoterms 2020 is neither with the importer nor with the exporter.
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