Seafood Import: Pay India Suppliers Fast
Import fresh, frozen, and processed seafood products 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 Seafood Import 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 £150k-£1.5M monthly volume, save £36,300/year
Common Challenges: Seafood Import in India
Industry Pain Points
- Cold chain integrity critical
- Perishability and shelf life
- Catch quotas and sustainability
- Health certificate requirements
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 Seafood Import 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.
Seafood Import Payment Profile
Understanding the payment dynamics of Seafood Import when paying India suppliers
⏱ Payment Timing
Fresh: payment on delivery or CAD. Frozen: Net 30. Auction purchases: immediate.
📄 Invoice Terms
CAD (fresh), Net 30 (frozen), immediate (auctions). LC for large frozen consignments.
Continuous demand. Fishing seasons affect supply. Christmas/Easter peaks. Fresh requires constant ordering.
📊 FX Risk Profile
HIGH: NOK (salmon), EUR (European), VND (shrimp). Commodity pricing + FX. Fresh product timing critical.
Direct relationships with processors. Auction participation for fresh. Long-term contracts for consistency. Sustainability credentials important.
Common Documentation for Seafood Import
- Health Certificate
- Catch Certificate (IUU)
- Temperature Log
- MSC Chain of Custody
- Veterinary Certificate
Popular India Supplier Types for Seafood Import
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 Seafood Import businesses saving £3,025 per £100k payment with t+0 (2.3s avg within unicorn network).
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