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What is the use of incoterms in supply chain logistics? 1) Incoterms are used to get discounts from third-party LSPs. 2) Incoterms are used to

What is the use of incoterms in supply chain logistics?

1) Incoterms are used to get discounts from third-party LSPs.

2) Incoterms are used to carry more load than what is sanctioned as per international norms.

3) Incoterms are used by the shipper and receiver to file tax exemptions.

4) Incoterms are used to establish effective communication between the different stakeholders involved in logistics.

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