CAIRN ENERGY HYDROCARBONS LIMITED
Company number: SC172470
Reporting period:
1 April 2023
to 30 September 2023
This report was filed on 9 November 2023
and approved by Hitesh Narendra Vaid
Payment statistics
Average time taken to pay invoices: 47 days
Invoices paid:
- within 30 days: 65%
- in 31 to 60 days: 5%
- in 61 days or more: 30%
Invoices due but not paid within agreed terms: 100 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
30 days
Standard payment terms
Payable on presentation of invoice
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
NA
Any other information about payment terms
NA
Dispute resolution process
Various apply according to relevant contract
-Disputes to be resolved through good faith and negotiation
-All disputes to be resolved promptly and in an amicable and professional manner by negotiations between the parties
- Disputed to be resolved by referring it for discussions and negotiations before commencing legal proceedings
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