Oil & Gas Equipment: Pay Thailand Suppliers Fast
Import oil & gas extraction equipment, pipelines, and energy infrastructure Send THB payments to Thailand suppliers with t+0 (2.3s avg within unicorn network). Save 81% vs traditional banks.
Save £2,120 per £100k Payment
Typical savings for Oil & Gas Equipment paying Thailand 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
- ✓ PromptPay available
- ✓ 0.14s automated compliance
At £2M-£50M monthly volume, save £25,440/year
Common Challenges: Oil & Gas Equipment in Thailand
Industry Pain Points
- Project-based payments (multi-year)
- High compliance requirements
- Multi-party transactions (operators, contractors)
- Currency hedging essential
Country-Specific Considerations
- Bank of Thailand FX regulations
- Thai Customs documentation
- VAT (7%) on imports
- BOI (Board of Investment) incentives for certain sectors
How Unicorn Solves Oil & Gas Equipment Payment Challenges in Thailand
Fast Settlement: T+0 (2.3s avg within Unicorn network)
Use PromptPay for instant THB settlement.Thailand instant payment system, 50M+ users
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 Thailand regulations.Bank of Thailand FX regulations handled automatically.
Oil & Gas Equipment Payment Profile
Understanding the payment dynamics of Oil & Gas Equipment when paying Thailand 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 Thailand Supplier Types for Oil & Gas Equipment
Common Thailand Suppliers
- Automotive parts (Bangkok, Rayong)
- Textile manufacturers (Bangkok, Chiang Mai)
- Food processors (Bangkok, Chonburi)
- Electronics assemblers (Ayutthaya)
Payment Tips for Thailand
- Thailand = Automotive hub (Toyota, Honda), food export leader
- PromptPay widely adopted - instant B2B payments
- Bangkok + Eastern Economic Corridor = Manufacturing zones
- Seasonal considerations - monsoon affects logistics
Ready to Pay Thailand Suppliers 81% Cheaper?
Join Oil & Gas Equipment businesses saving £2,120 per £100k payment with t+0 (2.3s avg within unicorn network).
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