GOV.UK
SASOL INTERNATIONAL SERVICES LIMITED
Company number: 03479256
Reporting period:
1 January 2020
to 30 June 2020
This report was filed on 30 July 2020
and approved by Philip du Toit
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 68%
- in 31 to 60 days: 21%
- in 61 days or more: 11%
Invoices due but not paid within agreed terms: 40 %
Payment terms
Shortest standard payment period
14 days
Longest standard payment period
60 days
Standard payment terms
The payment period is dependent on the service provided and will be agreed with the supplier based on industry accepted practice and agreements determined by geography. Payment terms are calculated from a pre-agreed date such as an invoice date, loading or discharge date or vessel arrival date
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
SISL will confirm invoices and will 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. We work collaboratively with our partners to arrive at a mutually agreeable outcome. Depending on the issue our legal team may be involved to resolve any disputes. Once resolved, payment will be made in accordance with the appropriate payment terms.
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.
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