Marine & Shipping Equipment: Pay Canada Suppliers Fast
Import marine equipment, ship components, and maritime technology Send CAD payments to Canada suppliers with t+0 (2.3s avg within unicorn network). Save 80% vs traditional banks.
Save £2,025 per £100k Payment
Typical savings for Marine & Shipping Equipment paying Canada suppliers
- ❌ 2-3 day settlement
- ❌ Hidden FX margins
- ❌ High correspondent bank fees
- ❌ Manual compliance checks
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Transparent pricing
- ✓ Interac e-Transfer for Business available
- ✓ 0.14s automated compliance
At £300k-£5M monthly volume, save £24,300/year
Common Challenges: Marine & Shipping Equipment in Canada
Industry Pain Points
- High-value specialized equipment
- Regulatory compliance (maritime safety)
- Long lead times for custom builds
- Multi-location delivery (ports worldwide)
Country-Specific Considerations
- Bank of Canada and FINTRAC oversight
- GST/HST (5-15% depending on province) documentation
- Business Number (BN) required for tax purposes
- PIPEDA compliance for data privacy
How Unicorn Solves Marine & Shipping Equipment Payment Challenges in Canada
Fast Settlement: T+0 (2.3s avg within Unicorn network)
Use Interac e-Transfer for Business for instant CAD settlement.Instant business payments up to CAD $25,000, email-based
Real-Time FX Exposure Tracking
Upload supplier invoices as PDFs. Our AI OCR extracts amounts and currencies. See exactly what waiting costs you in real-time. Lock rates for 15 seconds when you see a good rate.
0.14s Compliance Screening
Automated compliance checks for Canada regulations.Bank of Canada and FINTRAC oversight handled automatically.
Marine & Shipping Equipment Payment Profile
Understanding the payment dynamics of Marine & Shipping Equipment when paying Canada suppliers
⏱ Payment Timing
Milestone payments for new builds. Net 30-45 for spares. Urgent spares: immediate payment.
📄 Invoice Terms
Milestones for projects, Net 30-45 for regular orders, urgent spares: immediate.
Project-based for new builds. Spares: ongoing operational need. Refit cycles (typically winter). Emergency purchases unpredictable.
📊 FX Risk Profile
MODERATE-HIGH: EUR (Netherlands/Germany), JPY (engines), NOK (Norway). Large values but predictable project timing.
Long-term OEM relationships. Approved supplier lists. Classification society requirements. Quality and certification critical.
Common Documentation for Marine & Shipping Equipment
- Classification Certificate
- Type Approval Certificate
- SOLAS Compliance
- Manufacturer Declaration
- Test Reports
Popular Canada Supplier Types for Marine & Shipping Equipment
Common Canada Suppliers
- Resource extraction equipment (Calgary, Edmonton)
- Auto parts manufacturers (Toronto, Windsor)
- Agricultural suppliers (Winnipeg, Regina)
- Aerospace components (Montreal, Winnipeg)
Payment Tips for Canada
- Canada = Natural resources leader, manufacturing hub (auto, aerospace)
- Interac e-Transfer fastest for payments under CAD $25k
- Strong US trade ties - many suppliers serve both markets
- Provincial tax variations - HST rates differ by region
Ready to Pay Canada Suppliers 80% Cheaper?
Join Marine & Shipping Equipment businesses saving £2,025 per £100k payment with t+0 (2.3s avg within unicorn network).
Bank of Canada registered PSP | FINTRAC licensed MSB