article thumbnail

Five Common Customs Pitfalls — and How to Avoid Them

Talking Logistics

If the attribution is not definitive, false tariff classifications can lead to excessive duties payments. TIP: Create a database within your customs software for all common items, with master data and the customs tariff numbers to be used respectively. It is far better to get the classification right the first time. Compliance.

article thumbnail

The History of eCommerce: From the 1960s to the 2020s

Ship Monk

In 1971, researchers established the Terminal Interface Processor (TIP) for dialing into ARPANET from individual computer terminals. Of course, bad times don’t last forever, and, slowly but surely, stock exchanges recovered and were stabilized by 2001. What we can definitely say is that the future looks bright for eCommerce!