PREMIER OIL E&P UK ENERGY TRADING LIMITED
Company number: 04103928
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 30 July 2018
and approved by Richard Rose
Payment statistics
Average time taken to pay invoices: 3 days
Invoices paid:
- within 30 days: 100%
- in 31 to 60 days: 0%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Shortest standard payment period
14 days
Longest standard payment period
20 days
Standard payment terms
Standard payment terms are 20th calendar day of month, following month of supply.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
20 days
Any other information about payment terms
Invoices are prepared internally and passed for prompt payment processing
Dispute resolution process
Invoices are self-billed and prepared on production data mutually agreed for billing purposes. Any disputes should be addressed either ahead of invoice/payment, or alternatively production data may be mutually reconciled, with any payment or refund processed annually.
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