Oil & Gas Equipment: Pay New Zealand Suppliers Fast
Import oil & gas extraction equipment, pipelines, and energy infrastructure Send NZD payments to New Zealand suppliers with t+0 (2.3s avg within unicorn network). Save 79% vs traditional banks.
Save £1,923 per £100k Payment
Typical savings for Oil & Gas Equipment paying New Zealand 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
- ✓ Osko (via Australia) available
- ✓ 0.14s automated compliance
At £2M-£50M monthly volume, save £23,076/year
Common Challenges: Oil & Gas Equipment in New Zealand
Industry Pain Points
- Project-based payments (multi-year)
- High compliance requirements
- Multi-party transactions (operators, contractors)
- Currency hedging essential
Country-Specific Considerations
- Reserve Bank of New Zealand regulations
- NZ Customs Service documentation
- GST (15%) on goods and services
- MPI (Ministry for Primary Industries) biosecurity
How Unicorn Solves Oil & Gas Equipment Payment Challenges in New Zealand
Fast Settlement: T+0 (2.3s avg within Unicorn network)
Use Osko (via Australia) for instant NZD settlement.Fast payment to NZ via Australian rails
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 New Zealand regulations.Reserve Bank of New Zealand regulations handled automatically.
Oil & Gas Equipment Payment Profile
Understanding the payment dynamics of Oil & Gas Equipment when paying New Zealand 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 New Zealand Supplier Types for Oil & Gas Equipment
Common New Zealand Suppliers
- Dairy exporters (Waikato, Canterbury)
- Meat processors (Canterbury, Otago)
- Wine producers (Marlborough, Hawke's Bay)
- Forestry companies (Northland, Bay of Plenty)
Payment Tips for New Zealand
- New Zealand = Dairy leader (Fonterra), premium wine
- Close integration with Australian payment systems
- Auckland + Wellington = Main business centers
- Strict biosecurity - documentation critical for food/agriculture
Ready to Pay New Zealand Suppliers 79% Cheaper?
Join Oil & Gas Equipment businesses saving £1,923 per £100k payment with t+0 (2.3s avg within unicorn network).
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