PTTEP SP LIMITED
Company number: 03062760
Reporting period:
1 July 2022 to 31 December 2022
Report filed on:
31 January 2023
Approved by:
Mr. Anan Amornprabharwat
Payment statistics
Late and disputed:
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
All properly established invoices received from the 1st to the 15th of each month will be paid within the 16th of the following month, and all properly established invoices received from the 16th to the end of the month, will be paid within the end of the following month. If the last day for payment falls on a Saturday, Sunday, public holiday or bank holiday, the payment shall be made on the next working day.
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
45 days after invoice received.
Any other information about payment terms
No further comment provided
Dispute resolution process
The PARTIES shall attempt to resolves any dispute or difference arising out of or relating to this CONTRACT through negotiation between representatives of the PARTIES, who have authority to settle the same. If the dispute is not resolves by negotiation, each PARTY agrees to submit to the exclusive jurisdiction of the courts.
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