Marine & Shipping Equipment: Pay China Suppliers Fast
Import marine equipment, ship components, and maritime technology Send CNY payments to China suppliers with t+0 (2.3s avg within unicorn network). Save 83% vs traditional banks.
Save £2,525 per £100k Payment
Typical savings for Marine & Shipping Equipment paying China 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
- ✓ Alipay available
- ✓ 0.14s automated compliance
At £300k-£5M monthly volume, save £30,300/year
Common Challenges: Marine & Shipping Equipment in China
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
- SAFE (State Administration of Foreign Exchange) compliance required
- Commercial invoices must match payment purpose
- Dual-currency accounting may be needed for large volumes
- Capital controls apply to CNY flows
How Unicorn Solves Marine & Shipping Equipment Payment Challenges in China
Fast Settlement: T+0 (2.3s avg within Unicorn network)
Use Alipay for instant CNY settlement.Instant mobile payments, widely accepted by suppliers
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 China regulations.SAFE (State Administration of Foreign Exchange) compliance required handled automatically.
Marine & Shipping Equipment Payment Profile
Understanding the payment dynamics of Marine & Shipping Equipment when paying China 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 China Supplier Types for Marine & Shipping Equipment
Common China Suppliers
- Textile manufacturers (Guangzhou, Shenzhen)
- Electronics suppliers (Shenzhen, Shanghai)
- Machinery manufacturers (Ningbo, Dongguan)
- Consumer goods factories (Yiwu, Foshan)
Payment Tips for China
- Avoid SWIFT fees (3-4%) by using local rails like UnionPay or CIPS
- Schedule payments before Chinese holidays (CNY week shuts down)
- Use freight forwarder as commercial invoice reference
- Lock FX rates before placing large orders to protect margins
Ready to Pay China Suppliers 83% Cheaper?
Join Marine & Shipping Equipment businesses saving £2,525 per £100k payment with t+0 (2.3s avg within unicorn network).
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