SHELL TRADING INTERNATIONAL LIMITED
Company number: 03634752
Reporting period:
1 January 2019 to 30 June 2019
Report filed on:
29 July 2019
Approved by:
A. Henwood
Payment statistics
Average time taken to pay invoices: 33 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: 10%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Shell standard terms are 60 days from receipt of a correctly presented invoice. Though some of the invoices have payment terms as 30 days. Invoice receipt is defined as a complete, fiscally correct invoice delivered at the remittance address specified in the contract / agreement / purchase order. For electronic invoices, invoice receipt is when the invoice data is received within the Shell system. Payment terms for Hydrocarbons are determined during Deal Negotiation by Traders and Deal Makers with appropriate business authority. Payment terms are determined by title transfer date and most commonly do not exceed 30 days.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Shell seeks to advise suppliers promptly of any disputes or reasons why an invoice will not be paid in accordance with the agreed terms. Invoices that are subject to dispute will not be paid until resolution of the dispute. Depending on the issue, Procurement or the Requistioner may be involved to resolve any disputes. Once resolved, payment will be made in accordance with the terms of the contract. For hydrocarbons, payment with respect to unresolved disputes will be referred to the Trader and Deal Makers responsible for the negotiated contract and Business Finance Managers.
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, 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