WILHELMSEN LINES CAR CARRIERS LTD.
Company number: 05052221
Reporting period:
1 January 2018 to
30 June 2018
This report was filed on 6 July 2018
and approved by Sarah Walsh
Payment statistics
Average time taken to pay invoices: 41 days
Invoices paid:
- within 30 days: 57%
- in 31 to 60 days: 37%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 12%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
45 days
Standard payment terms
An invoice for Products may only be raised following Delivery. Each invoice shall set out the Purchase Prices payable, quote the relevant Purchase Order Numbers and any other information reasonably requested by WSM. All invoices shall be addressed to Wilhelmsen Vessel Accounting, Level 19, 1 Sentral, Jalan Travers, Kuala Lumpur, Malaysia and shall be sent to: invoice@wilhelmsen.com. Subject to the following and Condition 8.3, WSM shall pay the invoice on behalf of the Customer 45 (forty-five) days after receipt of the invoice by WSM in accordance with this Condition 8.2. WSM’s payment of the invoice on behalf of the Customer will be subject to WSM having received cleared funds from the Customer to settle such invoice. WSM will use its reasonable endeavours to ensure that the Customer shall have paid WSM in sufficient time to pay the invoice.
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
45 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
If there is any dispute relating to any invoice or other statement of payments due, WSM shall notify the Supplier in writing and the Supplier shall provide all such evidence as may be reasonably necessary to verify the disputed invoice or request for payment. Where only part of an invoice is disputed, the undisputed amount shall be paid by WSM on behalf of the Customer in accordance with Condition 8.2 provided that WSM has received from the Supplier a revised invoice in respect of the undisputed amount. The Supplier’s obligations to supply the Products shall not be affected by any payment dispute
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.
Yes
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