| 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 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 55 | 23% | 45% | 32% | 64% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Feb 2021 | 52 | 31% | 48% | 21% | 38% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 60 | 24% | 45% | 31% | 42% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 49 | 34% | 40% | 26% | 54% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 54 | 35% | 21% | 44% | 86% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 50 | 35% | 21% | 44% | 75% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 55 | 26% | 24% | 50% | 72% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 60 days from receipt of the supplier’s invoice. Oceaneering’s standard terms for suppliers can be found here: https://www.oceaneering.com/vendors/.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Suppliers are required to submit their invoices, either via e-mail or post, to Oceaneering’s Accounts Payable Department. This contact information appears on the purchase order. Suppliers communicate disputes directly to the AP Department. If the AP Department is unable to resolve the dispute, it is escalated to the relevant purchasing manager who communicates directly with the supplier to achieve a resolution.
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
Oceaneering International Services Limited is a UK-registered entity within the Oceaneering group, a global provider of engineered products and services. The wider group specialises in remotely operated vehicles, subsea hardware and umbilicals, asset integrity management, diving and intervention services, primarily serving the offshore energy industry, alongside work in defence, aerospace, material handling and renewable energy. Founded from a Gulf of Mexico diving company, the group has grown into an international operator with bases across several continents. This UK company forms part of that corporate structure, registered under a general service activities classification, with its registered office in London. It is recorded as active, having been incorporated in 1971.
Generated from the company's website and Companies House records. Sources: oceaneering.com · oceaneering.com