Seafood Import: Pay Sri Lanka Suppliers Fast
Import fresh, frozen, and processed seafood products Send LKR payments to Sri Lanka suppliers with t+0 (2.3s avg within unicorn network). Save 84% vs traditional banks.
Save £2,617 per £100k Payment
Typical savings for Seafood Import paying Sri Lanka 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
- ✓ LankaPay available
- ✓ 0.14s automated compliance
At £150k-£1.5M monthly volume, save £31,404/year
Common Challenges: Seafood Import in Sri Lanka
Industry Pain Points
- Cold chain integrity critical
- Perishability and shelf life
- Catch quotas and sustainability
- Health certificate requirements
Country-Specific Considerations
- Central Bank of Sri Lanka FX regulations
- Sri Lanka Customs documentation
- VAT (15%) on goods and services
- Board of Investment approvals for certain sectors
How Unicorn Solves Seafood Import Payment Challenges in Sri Lanka
Fast Settlement: T+0 (2.3s avg within Unicorn network)
Use LankaPay for instant LKR settlement.Sri Lanka instant payment platform
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 Sri Lanka regulations.Central Bank of Sri Lanka FX regulations handled automatically.
Seafood Import Payment Profile
Understanding the payment dynamics of Seafood Import when paying Sri Lanka 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 Sri Lanka Supplier Types for Seafood Import
Common Sri Lanka Suppliers
- Tea estates (Kandy, Nuwara Eliya)
- Garment factories (Colombo, Katunayake)
- Rubber producers (Western Province)
- Gem traders (Colombo, Ratnapura)
Payment Tips for Sri Lanka
- Sri Lanka = Ceylon tea leader, garment exporter
- LankaPay enables instant LKR settlement
- Colombo = Main business hub
- Economic challenges - confirm supplier stability
Ready to Pay Sri Lanka Suppliers 84% Cheaper?
Join Seafood Import businesses saving £2,617 per £100k payment with t+0 (2.3s avg within unicorn network).
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