CHEVRON INTERNATIONAL TANKSHIP LIMITED
Company Information
- Company Number
- 00485028
- Registered Address
- 1 Westferry Circus, Canary Wharf, London, E14 4HA
- Status
- Active
- Employee Count
- 33
- Turnover
- £1,293,201,000
- EBITDA
- £17,941,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 3 August 1950
- Nature of Business
- 50200 - Sea and coastal freight water transport
- Industries
- Distribution And Delivery
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 9 | 92% | 7% | 1% | 10% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 9 | 100% | 0% | 0% | 24% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 10 | 96% | 2% | 2% | 23% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 18 | 95% | 0% | 5% | 30% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 23 | 88% | 0% | 12% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 22 | 77% | 14% | 9% | 29% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 16 | 79% | 17% | 4% | 26% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 24 | 93% | 2% | 5% | 14% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Suppliers are paid within 60 days from receipt of a correctly prepared and adequately supported invoice, unless the transaction relates to an industry standard contract. In the Shipping industry freight is customarily paid promptly after discharge. Intercompany invoices meeting the minimum payable balance per company policy are settled on the 25th of the following month. Intercompany invoices not meeting the minimum payable balance per company policy are paid twice a year in March and September.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Freight is settled promptly after discharge which is the industry standard. Non- voyage services related invoices are settled in line with payment terms agreed as part of each individual contract.
Maximum contractual payment period agreed
60
Dispute Resolution Process
The company has an online portal https://cips.chevron.com for contractors to submit invoice queries and obtain payment remittance advices. The Supplier Relations team will verify reasons for non-payment and escalate to the Accounts Payable team if not able to resolve the query through this means. Alternatively, for contracts not operated via the portal, disputes are investigated by the Accounts Payable team who communicate with the vendors via email or phone until resolution is reached.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
Chevron International Tankship Limited is a leading global provider of energy and transportation services, with a strong focus on sustainability. The company operates a fleet of tankers and barges, specializing in the transportation of crude oil and refined petroleum products.
The company's sustainability program is a key aspect of their operations, with a commitment to reducing their environmental impact and promoting responsible practices. This includes investing in advanced technology and equipment to improve energy efficiency and reduce emissions, as well as implementing strict safety protocols to protect the environment.
Chevron International Tankship Limited offers a range of products and services to meet the transportation needs of their clients. This includes chartering, ship management, and tanker operations, with a strong emphasis on safety, reliability, and efficiency. They also offer marine fuel and lubricants, as well as logistics and supply chain solutions.
The key people at Chevron International Tankship Limited include the Chairman and CEO, Michael Wirth, and the President, Pierre Breber. The company has a team of experienced professionals who are dedicated to delivering high-quality services to their customers.
Their website address is www.chevron.com, where customers can find more information about their services and sustainability initiatives. The registered office address is 6001 Bollinger Canyon Road, San Ramon, California, 94583, United States.
In conclusion, Chevron International Tankship Limited is a reputable company that prioritizes sustainability and offers a range of transportation and energy services to customers worldwide. With a strong commitment to safety, efficiency, and responsible practices, they are a trusted partner in the energy industry.
