| 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 2020 - 31 Dec 2020 | 29 Jan 2021 | 36 | 45% | 45% | 10% | 64% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 29 | 79% | 20% | 1% | 25% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 29 | 75% | 24% | 1% | 29% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 30 | 89% | 8% | 3% | 13% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 29 | 87% | 12% | 1% | 13% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company standard payment terms are 30 days from receipt of an invoice which is fully compliant with both the contract and RockRose’s invoicing instructions. These instructions clearly set out email invoice receipt instructions, together with information to be provided on or with the invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
The Company is committed to dealing with its suppliers in a fair, honest and professional manner. We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. In the event of a dispute, discussions take place between the vendor and the operational department to agree the charges to be invoiced.
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
FUJAIRAH OIL AND GAS UK 11 LIMITED is a subsidiary of FUJAIRAH OIL AND GAS COMPANY, a leading oil and gas company based in the United Arab Emirates. The company is dedicated to providing high-quality and sustainable energy solutions to customers worldwide.
The company's main activities include exploration, production, and distribution of oil and gas products. They have a strong focus on sustainability and have implemented various initiatives to reduce their environmental impact. This includes investing in renewable energy sources and reducing their carbon footprint through efficient production methods.
Some of the key products and services offered by FUJAIRAH OIL AND GAS UK 11 LIMITED include crude oil, natural gas, and refined petroleum products such as gasoline, diesel, and jet fuel. They also offer storage and transportation services for these products.
The company has a team of highly skilled and experienced professionals, including engineers, geologists, and business experts, who are committed to delivering the best possible solutions for their customers. They strive to maintain a high level of safety and efficiency in all their operations.
For any inquiries or further information, FUJAIRAH OIL AND GAS UK 11 LIMITED can be contacted at their registered office address at 25 Canada Square, London, E14 5LQ, United Kingdom. Their website address is www.fujairahoilandgas.com. Customers can also reach out to them via email at info@fujairahoilandgas.com or through their customer service hotline at +44 (0) 20 7131 4000.
In conclusion, FUJAIRAH OIL AND GAS UK 11 LIMITED is a reputable and sustainable company that is committed to providing high-quality energy solutions to its customers while minimizing its environmental impact. With a strong team and a wide range of products and services, they continue to be a leading player in the oil and gas industry.