SEADRILL MANAGEMENT LTD.

Company number: 08276358

Reporting period:
1 July 2023 to 31 December 2023

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

This report was filed on 31 January 2024

and approved by Grant Creed

Payment statistics

Average time taken to pay invoices: 17 days

Invoices paid:

within 30 days: 83%
in 31 to 60 days: 14%
in 61 days or more: 3%

Invoices due but not paid within agreed terms: 68%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

60 days

Standard payment terms

Standard contractual terms for goods and services is 60 days.

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

60 days

Any other information about payment terms

Dispute resolution process

Please see below for contact details for the Service and Support team, please allow 48 hours for a response:- • PO’S BEGINNING WITH 841 • InvoiceQuery.NADL@seadrill.com • PO’S BEGINNING WITH 141 • InvoiceQuery.CORP@seadrill.com • PO’S BEGINNING WITH 400 or 630 • InvoiceQuery.ASIA@seadrill.com • PO’S BEGINNING WITH 641,156,615 • InvoiceQuery.AFME@seadrill.com • PO’S BEGINNING WITH 701 • InvoiceQuery.US@seadrill.com Escalation point 2 - Service and Support team Supervisors for urgent queries and no response from regional contacts within 48 hours. Natassjia.flute@seadrill.com Helen.Hallman@seadrill.com Final escalation If after 48 hours, you’ve not had a response from the Supervisors, please contact the Global Accounts Payable Manager:- Sarah.Cotgrave@seadrill.com

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.

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?