CHAPMAN FREEBORN AIRCHARTERING LIMITED
Company number: 01053714
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 31 July 2018
and approved by Marcus Manning
Payment statistics
Average time taken to pay invoices: 20 days
Invoices paid:
- within 30 days: 85%
- in 31 to 60 days: 9%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 3 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
90 days
Standard payment terms
Payments are made as per the suppliers terms and the Company settles these when due. There is no stipulated maximum contractual payment period as terms are subject to the contractual terms of each individual fixture.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
668 days
The maximum contractual payment period relates to an invoice which was settled by a float of money, topped up as requested.
Any other information about payment terms
N/A
Dispute resolution process
The Company is committed to dealing with its suppliers in a fair and honest manner. We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. Any payment disputes are considered by the relevant department head and, if necessary, the Finance department.
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