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BHP BILLITON INTERNATIONAL SERVICES LIMITED

Company number: 03212440

Reporting period:
1 July 2017 to 31 December 2017

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

This report was filed on 29 January 2018

and approved by Geof Stapledon

Payment statistics

Average time taken to pay invoices: 46 days

Invoices paid:

• within 30 days: 42%
• in 31 to 60 days: 53%
• in 61 days or more: 5%

Invoices due but not paid within agreed terms: 14 %

Payment terms

Standard payment period for qualifying contracts

60 days

Standard payment terms

BHP’s standard terms provide that it will pay all invoices in the payment run that occurs immediately following the expiry of 60 days after the relevant Invoice is received or, in the case of a recipient created tax invoice, generated, and except where BHP is required by law to pay within a shorter time frame.

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

BHP 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. Once resolved, payment will be made in accordance with the terms of the contract.

A dispute may be raised at any time by either party to the other party’s nominated dispute resolution representative and the parties will then seek to resolve the dispute within 20 business days (or as otherwise agreed).

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.

Yes – Prompt Payment Code

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