NOBLE DRILLING (LAND SUPPORT) LIMITED
Company number: SC118867
Reporting period:
1 July 2018
to 31 December 2018
This report was filed on 17 January 2019
and approved by Matthew Brodie
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 72%
- in 31 to 60 days: 25%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 3 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Standard payment terms with all vendors is set as 30 days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
35 days
Any other information about payment terms
N/A
Dispute resolution process
Normally these will be with price or quantity variances with our purchase orders. We pass the dispute(s) to our Supply Chain department to liaise with the vendor to resolve the dispute. If an edit or update is required to the PO our supply chain department will make the change(s). This will enable our Accounts Payable department to process the invoice for payment. If no PO changes then the vendor would be requested to re-submit their invoice to agree with our PO
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