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SHELL TRADING INTERNATIONAL LIMITED

Company number: 03634752

Reporting period:
1 July 2019 to 31 December 2019

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

This report was filed on 30 January 2020

and approved by A. Henwood

Payment statistics

Average time taken to pay invoices: 43 days

Invoices paid:

• within 30 days: 40%
• in 31 to 60 days: 53%
• in 61 days or more: 7%

Invoices due but not paid within agreed terms: 11 %

Payment terms

Standard payment period for qualifying contracts

30 days

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?

No

Maximum contractual payment period agreed

60 days

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

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