GOV.UK
RCL CRUISES LTD
Company number: 07366612
Reporting period:
1 January 2020
to 30 June 2020
This report was filed on 30 July 2020
and approved by Ruth Marshall
Payment statistics
Average time taken to pay invoices: 45 days
Invoices paid:
- within 30 days: 29%
- in 31 to 60 days: 56%
- in 61 days or more: 15%
Invoices due but not paid within agreed terms: 69 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
Unless otherwise agreed in writing RCL
Cruises Ltd will pay undisputed invoices within
60 days of receipt of a correctly prepared and
properly due VAT invoice from a third party
supplier. Invoices must generally state: the
contact details of the RCL Cruises Ltd point of
contact; the relevant purchase order number
where applicable; relevant currency; all
charges and applicable taxes, and a
description of the goods/services.
Were there any changes to the standard payment terms in the reporting period?
Yes –
The standard payment terms were
moved from 45 days to 60 days from the 20th
March 2020 for all new suppliers.
Were suppliers notified or consulted about these changes before they were made?
Yes –
Since the change in March we have
been advising any new suppliers of our new 60
day payment terms requirement.
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
RCL Cruises Ltd point of contact varies from
supplier to supplier and in the first instance
disputes are handled by the relevant business
manager, with escalation to appropriate senior
RCL Cruises Ltd contacts in order to reach
resolution effectively. Additionally suppliers can
contact our UK Accounts Payable team
(accountspayable.uk@rccl.com).
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