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Wine & Spirits Import: Pay Sri Lanka Suppliers Fast

Import wine, spirits, and premium alcoholic beverages from global producers 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 Wine & Spirits Import paying Sri Lanka suppliers

Traditional Bank

£3,122

FX Spread: 3.1% + £22 fee

❌ 2-3 day settlement
❌ Hidden FX margins
❌ High correspondent bank fees
❌ Manual compliance checks

Unicorn Currencies

£505

FX Spread: 0.5% + £5 fee

✓ T+0 (2.3s avg within Unicorn network)
✓ Transparent pricing
✓ LankaPay available
✓ 0.14s automated compliance

Your Annual Savings

84%

£2,617 per £100k

At £200k-£2M monthly volume, save £31,404/year

Common Challenges: Wine & Spirits Import in Sri Lanka

Industry Pain Points

Duty and excise payments (large upfront costs)
Bonded warehouse management
Seasonal harvest allocation payments
En primeur futures (pay 2 years ahead)

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 Wine & Spirits 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.

Wine & Spirits Import Payment Profile

Understanding the payment dynamics of Wine & Spirits Import when paying Sri Lanka suppliers

⏱ Payment Timing

Harvest allocations: 50% deposit, 50% on release (12-24 months). Regular shipments: Net 30-60. Duty on release from bond.

Settlement Priority: MODERATE: Allocation-based, relationships matter more than speed. En primeur requires trust. Duty payments time-sensitive.

📄 Invoice Terms

Net 30-60 (established suppliers), 50% deposit for allocations, en primeur: 100% upfront 2 years before delivery.

Cash Flow Pattern:

Seasonal harvest payments (Sep-Nov). Christmas sales peak. En primeur cash-intensive. Duty payments create cash flow gaps.

📊 FX Risk Profile

HIGH: EUR dominates (70%). En primeur creates 2-year FX exposure. AUD/NZD for New World. Forward contracts essential for futures.

Supplier Relationships:

Long-term estate relationships essential for allocations. Négociants for volume. Direct relationships for fine wine. Loyalty rewarded with allocations.

Common Documentation for Wine & Spirits Import

VI-1 Form (wine)
Commercial Invoice
AAD (Administrative Accompanying Document)
Excise Movement Guarantee
Certificate of Origin

Popular Sri Lanka Supplier Types for Wine & Spirits 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

Typical Transaction Size

£20k-£95k

Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.

Ready to Pay Sri Lanka Suppliers 84% Cheaper?

Join Wine & Spirits Import businesses saving £2,617 per £100k payment with t+0 (2.3s avg within unicorn network).

Open Account View Sri Lanka Details

Bank of Canada registered PSP | FINTRAC licensed MSB