ROSNEFT MARINE (UK) LIMITED
Company number: 06679031
Reporting period:
1 July 2019 to 31 December 2019
Report filed on:
27 January 2020
Approved by:
Iurii Khaitarov
Payment statistics
Average time taken to pay invoices: 10 days
Invoices paid:
- within 30 days: 91%
- in 31 to 60 days: 7%
- in 61 days or more: 2%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
5 days
Longest standard payment period
45 days
Standard payment terms
5-45 days
Unless otherwise is agreed in writing, Rosneft Marine (UK) Ltd pays to third parties for goods or services within 30 days of receipt of a correct, undisputed and properly due VAT invoice.
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
45 days
N/a
Any other information about payment terms
N/a
Dispute resolution process
The Company and the supplier will endeavour to resolve all disputes by agreement. Dispute resolution processes are usually conducted in writing until the issue is fully clarified. Once the issue is resolved, payment will be made in accordance with agreed terms. If negotiations to resolve the dispute are unsuccessful, then the dispute will be referred to arbitration/court in accordance with the dispute resolution clause of the corresponding agreement (those situations never occurred in practice so far).
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.
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