SOUTHAMPTON CONTAINER TERMINALS LIMITED
Company number: 01960484
Reporting period:
1 January 2019 to 30 June 2019
Report filed on:
17 July 2019
Approved by:
Nicholas Loader
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 51%
- in 31 to 60 days: 47%
- in 61 days or more: 2%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 11%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Unless otherwise agreed by the Parties in writing, SCT will pay for the Goods and Services within 30 days following the end of the month of receipt of a correct tax invoice which specifies the correct Purchase Order number. Value added tax (if applicable) is to be shown separately on all invoices as a net extra charge. Full Terms and Conditions of Purchase can be found on the DP World Southampton website: http://www.dpworldsouthampton.com/about/terms-and-conditions
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
60 days
The standard payment period is 30 days following the end of the month of receipt of a correct tax invoice which specifies the correct Purchase Order number. Where we receive an invoice on the 1st of a month, 30 days following the end of the month of receipt of invoice is 60 days.
Any other information about payment terms
N/A
Dispute resolution process
Suppliers should send tax invoices which specify the correct Purchase Order number to the Accounts Payable department at DP World Southampton, either by email to AccountsPayable@dpworldsouthampton.com or by post to Accounts Payable, DP World Southampton, Western Docks, Southampton, SO15 1DA. For any payment queries, suppliers should contact the Accounts Payable department at DP World Southampton, either by email to AccountsPayable@dpworldsouthampton.com or by phoning the switchboard on 02380 701701 and asking for the Accounts Payable department. The Accounts Payable department will look into suppliers’ queries as soon as possible, and will liaise with the Procurement department and the supplier to resolve any queries or disputes to enable payment to be made as quickly as possible. Full Terms and Conditions of Purchase can be found on the DP World Southampton website: http://www.dpworldsouthampton.com/about/terms-and-conditions
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