Published reports

TRANSOCEAN DRILLING U.K. LIMITED

Company number: SC131375

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

Reporting period:

1 July 2019 to 31 December 2019

Report filed on:

21 January 2020

Approved by:

Colin Meldrum

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Payment statistics

Late and disputed:

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

Note this company meets the criteria to file a report, however its payment history is addressed by Transocean Onshore Support Services Limited as a paymaster. Transocean Drilling UK Limited receives revenue but only payments that are made are intercompany.

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

30 days

No further comment provided

Any other information about payment terms

No further comment provided

Dispute resolution process

This entity does not make vendor payments so this is not applicable

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.

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