The data for SHELL GLOBAL LNG LIMITED shows a steady improvement in the company's average time to pay invoices over the past three periods. In the first period (Jan-Jun 2018), the average time to pay was 20 days, which decreased to 0 days in the subsequent two periods (Jul-Dec 2018 and Jan-Jun 2019). In the most recent period (Jul-Dec 2019), the average time to pay increased slightly to 13 days. Overall, there has been a consistent trend of decreasing average time to pay, indicating that the company is making efforts to pay invoices more promptly.
The data for SHELL GLOBAL LNG LIMITED shows very little volatility in the percentage of invoices paid within 30 days, with 100% of invoices being paid within 30 days in all periods. However, there is some volatility in the percentage of invoices paid between 31 and 60 days, with 9% in the first period, 0% in the second and third periods, and then 100% in the most recent period. This could suggest some inconsistency in the company's payment practices. Additionally, there is volatility in the percentage of invoices paid later than 60 days, with 2% in the first period, 0% in the subsequent two periods, and then 0% again in the most recent period. Overall, there is a trend of decreasing volatility in these percentages, indicating that the company is becoming more consistent in paying invoices within agreed terms.
In summary, the data for SHELL GLOBAL LNG LIMITED shows a consistent trend of decreasing average time to pay invoices and decreasing volatility in the percentage of invoices paid within agreed terms. The company has also consistently paid 100% of invoices within 30 days, indicating a strong commitment to timely payments. However, there is some inconsistency in the percentage of invoices paid between 31 and 60 days, which may require further attention from the company.
| 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 | 29 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 28 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 | 28 Feb 2020 | 13 | 100% | 0% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 13 | 100% | 0% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 0 | 100% | 0% | 0% | 1% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 0 | 100% | 0% | 0% | 2% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 20 | 89% | 9% | 2% | 8% |
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 GLOBAL LNG LIMITED is a subsidiary of Shell, one of the largest energy companies in the world. They are a leading provider of liquefied natural gas (LNG) and have a strong commitment to sustainability.
The company's main activities include the production, trading, and transportation of LNG. They have a global presence, with operations in over 40 countries and a fleet of specialized LNG vessels.
In terms of sustainability, SHELL GLOBAL LNG LIMITED has a strong focus on reducing their carbon footprint and promoting cleaner energy solutions. They have invested in projects such as carbon capture and storage, renewable energy, and energy efficiency to reduce their greenhouse gas emissions.
Their products and services include LNG supply to power plants, industrial customers, and transportation companies. They also offer LNG bunkering, which is the provision of LNG as a fuel for ships.
Some key people at SHELL GLOBAL LNG LIMITED include Maarten Wetselaar, the Director of Integrated Gas and New Energies, and Steve Hill, the Executive Vice President of Shell Energy. They are supported by a team of experts in the field of LNG production and trading.
The company's website address is www.shell.com/lng and their registered office address is Shell Centre, London SE1 7NA, United Kingdom. They can be contacted via phone at +44 20 7934 1234 or through their website for inquiries about their products and services.