| 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 2019 - 30 Jun 2019 | 25 Jul 2019 | 3 | 100% | 0% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 4 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 3 | 100% | 0% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 20th calendar day of the month, following month of supply
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
20
Invoices are self-billed and prepared on production data mutually agreed for billing purposes. Any disputes should be addressed either ahead of invoice/payment, or alternatively production data may be mutually reconciled, with any payment or refund processed annually.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
PREMIER OIL E&P UK ENERGY TRADING LIMITED is a leading oil and gas company based in the United Kingdom. They are committed to sustainable practices and offer a range of products and services in the energy sector.
Their sustainability program focuses on reducing their environmental impact and promoting social responsibility. They have implemented various initiatives such as reducing greenhouse gas emissions, promoting renewable energy sources, and supporting local communities.
The company offers a wide range of products and services including exploration, production, and trading of oil and gas. They also provide energy solutions to their clients, helping them to reduce their carbon footprint and become more environmentally friendly.
Some key people in the company include their CEO, Tony Durrant, and their Chairman, Roy Franklin. They also have a team of experienced professionals in various fields, ensuring the company's success and sustainability.
For more information on their services and sustainability program, interested parties can visit their website at www.premier-oil.com. Their registered office address is Premier Oil E&P UK Energy Trading Limited, 23 Lower Belgrave Street, London, SW1W 0NR, United Kingdom. With their commitment to sustainability and quality products and services, PREMIER OIL E&P UK ENERGY TRADING LIMITED continues to be a leader in the energy industry.