Score of 86.7/100 qualifies for PaymentCheck Certification
| 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 2025 - 31 Dec 2025 | 28 Jan 2026 | 14 | 81% | 18% | 1% | 13% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 22 | 67% | 32% | 1% | 1% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 18 | 81% | 11% | 8% | 5% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 26 | 72% | 26% | 2% | 13% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 14 | 88% | 11% | 1% | 15% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 32 | 60% | 12% | 28% | 7% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 21 | 66% | 27% | 8% | 10% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 38 | 61% | 23% | 16% | 15% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 30 | 52% | 28% | 20% | 40% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 26 | 61% | 23% | 16% | 32% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 26 | 68% | 11% | 21% | 13% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 14 | 89% | 7% | 4% | 28% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 26 | 71% | 25% | 4% | 41% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 32 | 57% | 24% | 19% | 24% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Suppliers are paid within 60 days from receipt of a correctly prepared and adequately supported invoice, unless the transaction relates to an industry standard contract. In the Shipping industry freight is customarily paid promptly after discharge. Intercompany invoices meeting the minimum payable balance per company policy are settled on the 25th of the following month. Intercompany invoices not meeting the minimum payable balance per company policy are paid twice a year in March and September.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Freight is settled promptly after discharge which is the industry standard. Non- voyage services related invoices are settled in line with payment terms agreed as part of each individual contract.
Maximum contractual payment period agreed
60
The company has an online portal https://login.chevron.garnercorp.com for contractors to submit invoice queries and obtain payment remittance advices. The Supplier Relations team will verify reasons for non-payment and escalate to the Accounts Payable team if not able to resolve the query through this means. Alternatively, for contracts not operated via the portal, disputes are investigated by the Accounts Payable team who communicate with the vendors via email or phone until resolution is reached.
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Chevron Tankers Limited is a leading shipping company that specializes in the transportation of oil, gas and other energy products. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes investing in clean and efficient technologies, reducing emissions, and promoting responsible waste management. They also prioritize the safety and well-being of their employees and the communities in which they operate.
Chevron Tankers Limited offers a wide range of products and services, including chartering, ship management, and crewing services. They have a modern fleet of tankers that are equipped with advanced technology to ensure safe and efficient transportation of their products.
The company is led by a team of experienced professionals, including the Chairman and CEO, John Watson, and the President, Michael Wirth. They are dedicated to upholding the company's values of integrity, diversity, and excellence.
To contact Chevron Tankers Limited, you can visit their website at www.chevrontankers.com or email them at info@chevrontankers.com. Their registered office address is 1 Westferry Circus, Canary Wharf, London E14 4HA, United Kingdom.
In conclusion, Chevron Tankers Limited is a reputable shipping company that is committed to sustainability and providing high-quality services to its clients. With their experienced leadership and focus on environmental responsibility, they continue to be a leader in the industry.
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