Published reports

CARNIVAL PLC

Company number: 04039524

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 December 2019 to 31 May 2020

Report filed on:

10 June 2020

Approved by:

Arnold W. Donald

Payment statistics

Average time taken to pay invoices: 19 days

Invoices paid:

within 30 days: 77%
in 31 to 60 days: 21%
in 61 days or more: 2%

Late and disputed:

payments due in the reporting period which have not been paid within the agreed period: 15%

Payment terms

Shortest standard payment periods

60 days

Longest standard payment period

Answer not provided

Standard payment terms

Standard terms 60 days

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

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

N/A

Maximum contractual payment period agreed

180 days

No further comment provided

Any other information about payment terms

No further comment provided

Dispute resolution process

Any payment disputes shall be resolved between the Supplier and Business Contact in accordance with the relevant contract terms, in conjunction with the Finance team if appropriate. Any dispute that cannot be resolved between the Supplier and the Business Contact may be referred to the Company's Legal Department.

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.

Yes, this business has signed up to: Prompt payment code

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.

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?