CLEVELAND POTASH LIMITED
Company number: 00915392
Reporting period:
1 January 2019 to 30 June 2019
Report filed on:
29 July 2019
Approved by:
David Marquez
Payment statistics
Average time taken to pay invoices: 29 days
Invoices paid:
- within 30 days: 54%
- in 31 to 60 days: 43%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 60%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
91 days
Standard payment terms
30N2 30 days from invoice date. 2% discount with payment within 14 days
B030 Net 30 days from Baseline date
B045 Net 45 days from Baseline Date
C015 Current month + 15 days
C031 Current month + 31 days invoice date
C061 Current month + 61 days invoice date
N000 Immediately
N007 Net 7 days from invoice date
N015 Net 15 days from invoice date
N030 Net 30 days from invoice date
N045 Net 45 days from invoice date
N060 Net 60 days from invoice date
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
180 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
All disputes and complaints need to be submitted by the supplier to email address ehq_vendor_correspondence@icl-group.com
Disputes and complaints can also be submitted by letter to our offices.
Upon receipt of the message. Our accounts payable team will take action to resolve the matter within 5 business days
A written response is only sent whenever an invoice is in query.
If the dispute has been resolved prior to receiving communication from vendor. No response will be sent.
The choice to respond to a communication is subject to the judgement of the staff from Cleveland Potash Limited.
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.
Yes
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