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RCL CRUISES LTD

Company number: 07366612

Reporting period:
1 July 2018 to 31 December 2018


Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 30 January 2019

and approved by Ruth Marshall

Payment statistics

Average time taken to pay invoices: 46 days

Invoices paid:

Invoices due but not paid within agreed terms: 75 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

45 days

Standard payment terms

Unless otherwise agreed in writing RCL Cruises Ltd will pay undisputed invoices within 45 days of receipt of a correctly prepared and properly due VAT invoice from a third party supplier. Invoices must generally state: the contact details of the RCL Cruises Ltd point of contact; the relevant purchase order number where applicable; relevant currency; all charges and applicable taxes, and a description of the goods/services.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

45 days

Any other information about payment terms

N/A

Dispute resolution process

RCL Cruises Ltd point of contact varies from supplier to supplier and in the first instance disputes are handled by the relevant business manager, with escalation to appropriate senior RCL Cruises Ltd contacts in order to reach resolution effectively. Additionally suppliers can contact our UK Accounts Payable team (accountspayable.uk@rccl.com).

Other payment information

Has this business signed up to a code of conduct or standards on payment practices? If so, which?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

No

Does this business offer e-invoicing in relation to qualifying contracts? This is where suppliers can electronically submit and track invoices. It’s not just allowing suppliers to email them an invoice.

No

Does this business offer supply chain finance? This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.

No

Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?

No

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No