| 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 2025 - 30 Jun 2025 | 29 Jul 2025 | 36 | 57% | 35% | 8% | 33% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 33 | 69% | 26% | 5% | 22% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 31 | 67% | 27% | 6% | 27% |
| 01 Jul 2022 - 31 Dec 2022 | 23 Jan 2023 | 31 | 69% | 27% | 4% | 18% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 37 | 68% | 26% | 6% | 23% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 29 | 74% | 23% | 3% | 21% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 32 | 68% | 29% | 3% | 18% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 27 | 70% | 25% | 5% | 27% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 42 | 52% | 32% | 16% | 33% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 27 | 82% | 13% | 5% | 2% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms of 60 days are offered to suppliers under the entities standards terms, however the entity will negotiate different terms with suppliers where it is appropriate to do so. The standard payment terms have not changed during the reporting period. Any change to negotiated payment terms is agreed in writing between the parties. No payment period of longer than 90 days has been agreed for any contract.
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
90
The process for dispute resolution is as follows: i) Discussion between the buyer and supplier with support from the finance function to attempt to resolve any dispute ii) Escalation to executive level discussion between the entity and the supplier iii) In all normal circumstances the entity expects disputes should be resolved via steps i & ii, however if in an extreme circumstance no resolution could be reached formal mediation and or legal proceedings would be considered
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
Oil Spill Response Limited (OSRL) is a global leader in oil spill response, providing a range of services, products, and training to help prevent, respond to, and mitigate the effects of oil spills. Founded in 1985, OSRL is a not-for-profit company owned by the world's major oil and gas companies.
OSRL's sustainability program is focused on reducing the environmental impact of oil spills and promoting responsible practices in the oil and gas industry. They work closely with their members and partners to develop and implement sustainable solutions for oil spill response.
Their primary products and services include oil spill response equipment, training and exercises, and consultancy and technical services. They also offer a 24/7 emergency response service, providing rapid response and assistance in case of an oil spill.
Key people at OSRL include the CEO, Robert Limb, and the Board of Directors, made up of representatives from their member companies. They also have a team of experienced professionals in various fields, including marine science, engineering, and logistics.
OSRL's website (www.oilspillresponse.com) provides information on their services, products, and sustainability program. Their registered office address is at 1 Fetter Lane, London, EC4A 1BR, United Kingdom. They also have regional offices and response bases located around the world to provide support to their members and clients.