ENI MOZAMBIQUE ENGINEERING LIMITED
Company number: 09104675
Reporting period:
1 January 2019 to 30 June 2019
Report filed on:
10 July 2019
Approved by:
Paolo Campelli
Payment statistics
Average time taken to pay invoices: 79 days
Invoices paid:
- within 30 days: 10%
- in 31 to 60 days: 38%
- in 61 days or more: 53%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 69%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
90 days
Standard payment terms
Standard contractual terms for payments to suppliers are 30 to 90 days
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
Payment statistics presented in this report include payments made to other Eni group companies where in some cases the payment terms are as long as 90 days under direct Debit mechanism.
Any other information about payment terms
Payments to other third party vendors where the standard payment days are either 60 or 45 days depending on the contractual payment terms with each vendor (majority vendors fall in this category). In very few cases with certain vendors the contractual payment terms are 30 days.
These factors needs to be taken into account when interpreting the statistics produced out of this report
Dispute resolution process
The Company will contact the supplier in case of any material discrepancies with the agreed terms on an invoice or in relation to other disputed matters. The supplier and the Company will endeavor to resolve any dispute in accordance with the terms of the relevant contract , whose clauses includes issuance of credit notes for the disputed parts to until the disputes are resolved or mutually agreed
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 Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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