In this Incoterms® online training we talk about Incoterms®, what they are, what they are used for and how to use them before reviewing the 11 Incoterms® of the 2020 edition.
Incoterms® or International Commercial Terms are a series of pre-defined commercial terms used commonly when trading. They notably help define the rights and obligations of buyers and sellers in terms of transport organization, customs responsibilities and risk coverage.
More information about this Incoterms® training here
Curious about the new DPU Incoterms®?
DPU, Delivery at Place Unloaded, means that the seller delivers and unloads the goods at a named place. The buyer is responsible for clearing the goods for import and carrying them to their final destination.
In the 2020 edition, the previous DAT (Delivered At Terminal) Incoterms® has been renamed to DPU (Delivered at Place Unloaded) with the goal of emphasizing the fact that the place of destination can be any place not only a “terminal”.
However, if the place of delivery is not a “terminal”, the Seller is responsible for ensuring that the place where he delivers the cargo is suitable for its unloading.
DPU is placed after DAP (Delivered At Place) in the Incoterms® list as it includes more responsibility (namely the unloading of the cargo) on the Seller’s side.
More information about DPU and other Incoterms® can be found in our Incoterms® 2020 training here
