MEDITERRANEAN SHIPPING COMPANY (UK) LIMITED

Company number: 01345236

Reporting period:
1 July 2022 to 31 December 2022

---

This report was filed on 25 January 2023

and approved by David Woolnough

Payment statistics

Average time taken to pay invoices: 56 days

Invoices paid:

• within 30 days: 6%
• in 31 to 60 days: 65%
• in 61 days or more: 29%

Invoices due but not paid within agreed terms: 39%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

75 days

Standard payment terms

Business most frequent payment terms are 30 days end of week, however this is dependent on the business relationship.

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

75 days

The maximum contractual payment period is 75 days. This maximum payment period has been negotiated with less than 1% suppliers who generally tend to supply large volumes.

Any other information about payment terms

n/a

Dispute resolution process

Any invoice queries should be sent to the companies purchase ledger department at GB014-MSCUK-Purchase.Ledger@msc.com or alternatively to the vendors designated account manager at MSC

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, 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.

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