Between 2018 and 2019, there was a significant decrease in the average time taken for SHELL CHINA EXPLORATION AND PRODUCTION COMPANY LIMITED to pay invoices, from 29 days to 7 days. However, there is no available data for the following periods.
There is a high level of volatility in the percentage of invoices paid within 30 days, with 100% being paid in both 2018 and 2019 but no data available for the following periods. There is also no data available for the percentage of invoices paid between 31 and 60 days and later than 60 days, as well as the percentage of invoices not paid within agreed terms.
| 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 2023 - 31 Dec 2023 | 17 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 20 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 7 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 29 | 100% | 0% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Shell standard terms are 60 days from receipt of a correctly presented invoice. Invoice receipt is defined as a complete, fiscally correct invoice delivered at the remittance address specified in the contract / agreement / purchase order. For electronic invoices, invoice receipt is when the invoice data is received within the Shell system.
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
Shell seeks to advise suppliers promptly of any disputes or reasons why an invoice will not be paid in accordance with the agreed terms. Invoices that are subject to dispute will not be paid until resolution of the dispute. Depending on the issue, Procurement or the Requistioner may be involved to resolve any disputes. Once resolved, payment will be made in accordance with the terms of the contract.
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
Shell China Exploration and Production Company Limited is a UK-registered company forming part of the Shell group, the global energy and petrochemical business headquartered at Shell Centre in London. Its registered activity, per Companies House, is the extraction of crude petroleum, indicating a role within Shell's oil and gas exploration and production operations. As with other entities in the wider Shell group, it operates as part of a structure of subsidiaries, joint ventures and associates rather than as a standalone trading business in its own right. The broader Shell group describes itself as a global group of energy and petrochemical companies operating across more than 70 countries, engaged in oil and gas production, refining and related activities.
Generated from the company's website and Companies House records. Sources: shell.com · shell.com · shell.com