GTT NO96

GTT NO96 refers to a global trade term, specifically Incoterm 96, which defines responsibilities between buyers and sellers for shipping goods internationally. It clarifies who handles freight, insurance, and customs, ensuring smooth transactions. GTT NO96 helps prevent misunderstandings by specifying when ownership and risk transfer from seller to buyer during transportation. Essentially, it's a standardized rule set that guides international shipping, making trade fair, predictable, and transparent for both parties involved.