TOTAL LINDSEY OIL REFINERY LIMITED
Company number: 00564599
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
18 July 2018
Approved by:
Jean-Marc Durand
Payment statistics
Average time taken to pay invoices: 18 days
Invoices paid:
- within 30 days: 93%
- in 31 to 60 days: 6%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 32%
Payment terms
Shortest standard payment periods
5 days
Longest standard payment period
30 days
Standard payment terms
Invoices relating to the purchase of non crude hydrocarbons have terms of 5 days from Bill of Lading terms. Invoices relating to the purchase of crude hydrocarbons have terms of 30 days from Bill of Lading terms. Invoices relating to the purchase of other goods and services have terms of 30 days from invoice date
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
30 days
No
Any other information about payment terms
No
Dispute resolution process
The entity aims to resolve any dispute through mediation with their counterpart. This process is driven by the accounts payable team. Where necessary, outstanding disputes are escalated to the Head of Department and Senior Management.
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.
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