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Company number: 02098168

Reporting period:
1 April 2019 to 30 September 2019

Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 14 October 2019

and approved by Kenichi Kijima

Payment statistics

Average time taken to pay invoices: 28 days

Invoices paid:

Invoices due but not paid within agreed terms: 2 %

Payment terms

Shortest standard payment period

1 days

Longest standard payment period

150 days

Standard payment terms

Itochu Europe PLC do not have Standard Payment Terms. Payment Terms are agreed for each contract.
The followings are commonly used Payment Terms for each type of contract.

Marketable Commodity Cash Against Document, Cash Against Document via Bank, Letter of Credit at sight
Trading Goods / Services Plastics (Basic Commodity) = 10 days after invoice date
Industrial Textile Material = 30 days after B/L date or Letter of Credit at dsight
Meat Products = 30days after B/L date

Operating Expenses 30 days from Invoice Date or at the end of following invoice month

Were there any changes to the standard payment terms in the reporting period?


Maximum contractual payment period agreed

150 days

Any other information about payment terms


Dispute resolution process

If the supplier has concern or complaint, please contact below address by e-mail or letter including some evidences (such as copy of invoice, our order sheet, signed quotation sheet, etc) which would help us to identify the problem. We will reply to you within 3 working days of receipt of communication. If in case we are unable to take an immediate action to resolve the problem, we will indicate an expecting length of time for resolving the problem in our reply.
If our action / reply was not satisfactory and the supplier would like to take the problem further (e.g. dispute / legal action), please contact our Legal Department

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.


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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?