CHEVRON MARINE LIMITED
Company Information
- Company Number
- 04572533
- Registered Address
- 1 Westferry Circus, London, E14 4HA
- Status
- Dissolved
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- £0
Additional Details
- Website
- https://chevron.com
- Company Type
- Private limited Company
- Incorporated On
- 24 October 2002
- Nature of Business
- 50200 - Sea and coastal freight water transport
- Industries
- Travel And Transportation
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Performance Reports History
| 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 2018 - 30 Jun 2018 | 27 Jul 2018 | 4 | 80% | 10% | 10% | 0% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
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
Dispute Resolution Process
The company has an online portal https://cips.chevron.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.
Other Payment Information
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
Company Summary
Chevron Marine Limited is a subsidiary of Chevron Corporation, a global energy company. The company is primarily involved in the production, marketing, and transportation of crude oil, natural gas, and other petroleum products.
The company's sustainability program focuses on minimizing the environmental impact of their operations, promoting energy efficiency, and investing in renewable energy sources. They have implemented various initiatives such as reducing greenhouse gas emissions, minimizing waste generation, and conserving water resources.
Chevron Marine Limited offers a range of products and services to the marine industry, including marine lubricants, fuel additives, and technical support. They also provide customized solutions for specific vessel needs and have a global network of supply hubs to ensure timely and efficient delivery.
The key people at Chevron Marine Limited include the managing director, Kevin O'Donnell, and the general manager, Mark Bell. They have a team of experienced professionals who are committed to providing high-quality products and services to their customers.
The company's registered office address is at 1 Westferry Circus, Canary Wharf, London, E14 4HA, United Kingdom. Their website address is www.chevron.com and includes information on their products, services, and sustainability efforts.
