There are several parties interested in the safe arrival of an international cargo shipment. The first, obviously, is the owner of the goods. Whether the owner is the exporter or the importer dependent on a number of factors, principally the terms of payment of the transaction. However there are many cases in which non-owners are interested in making sure that the goods arrive safely at their destination.
The use of incoterm helps the exporter and the importer determines where their respective responsibility starts and end. It should therefore follow that the insurable interest of the exporter ends when possession shifts to the importer