MARUBENI OIL & GAS (U.K.) LIMITED
Company number: 03947050
Reporting period:
1 July 2021 to 31 December 2021
Report filed on:
20 January 2022
Approved by:
Take Morita
Payment statistics
Average time taken to pay invoices: 11 days
Invoices paid:
- within 30 days: 100%
- in 31 to 60 days: 0%
- in 61 days or more: 0%
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
10 days
Longest standard payment period
30 days
Standard payment terms
Marubeni Oil & Gas does not apply standard payment terms across all contracts but instead pays according to terms agreed with each supplier. If terms are not stated, Marubeni Oil & Gas generally pays within 30 days of invoice date.
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
No further comment provided
Dispute resolution process
Disputes and queries are initially handled by the relevant contact requesting services or accounts payable. If required, unresolved issues can be referred to the finance and/or legal team.
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