Oil & Gas Equipment: Pay India Suppliers Fast
Import oil & gas extraction equipment, pipelines, and energy infrastructure Send INR payments to India suppliers with t+0 (2.3s avg within unicorn network). Save 86% vs traditional banks.
Save £3,025 per £100k Payment
Typical savings for Oil & Gas Equipment paying India 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
- ✓ UPI (Unified Payments Interface) available
- ✓ 0.14s automated compliance
At £2M-£50M monthly volume, save £36,300/year
Common Challenges: Oil & Gas Equipment in India
Industry Pain Points
- Project-based payments (multi-year)
- High compliance requirements
- Multi-party transactions (operators, contractors)
- Currency hedging essential
Country-Specific Considerations
- FEMA (Foreign Exchange Management Act) compliance
- RBI (Reserve Bank of India) reporting for large transactions
- Import/export code (IEC) required for trade payments
- GST (Goods and Services Tax) documentation
How Unicorn Solves Oil & Gas Equipment Payment Challenges in India
Fast Settlement: T+0 (2.3s avg within Unicorn network)
Use UPI (Unified Payments Interface) for instant INR settlement.Instant mobile payments, free for merchants
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 India regulations.FEMA (Foreign Exchange Management Act) compliance handled automatically.
Oil & Gas Equipment Payment Profile
Understanding the payment dynamics of Oil & Gas Equipment when paying India suppliers
⏱ Payment Timing
Project milestone payments (quarterly). Long terms: Net 90-180 days standard. Progress certificates required before payment release.
📄 Invoice Terms
Net 90-180 standard. Milestone payments per project schedule. Retention (10%) for 12-24 months. Performance bonds required.
Project-driven, oil price dependent. Quarterly milestone payments. Exploration projects front-loaded, production steady. Decommissioning growing.
📊 FX Risk Profile
EXTREME: Multi-year projects in USD, NOK, AED. £500k-£10M transactions. Oil price volatility affects project viability. Forward hedging essential.
Long-term partnerships with major service companies. Preferred supplier lists. Framework agreements for ongoing projects. JV structures common.
Common Documentation for Oil & Gas Equipment
- Project Progress Certificate
- Export License (controlled goods)
- End-User Certificate
- OFAC/Sanctions Compliance Declaration
- Insurance Certificate (rig operations)
Popular India Supplier Types for Oil & Gas Equipment
Common India Suppliers
- Textile mills (Tirupur, Ludhiana, Surat)
- Garment manufacturers (Bangalore, Delhi NCR)
- Leather goods (Kanpur, Chennai)
- IT/software development (Bangalore, Hyderabad)
Payment Tips for India
- Use UPI or IMPS to avoid 2-3 day SWIFT delays
- Coordinate with supplier's CA for GST invoice matching
- INR is volatile - lock rates when favorable
- Avoid Diwali/festival periods for urgent payments
Ready to Pay India Suppliers 86% Cheaper?
Join Oil & Gas Equipment businesses saving £3,025 per £100k payment with t+0 (2.3s avg within unicorn network).
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