| 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 2018 - 31 Dec 2018 | 28 Jan 2019 | 46 | 78% | 10% | 12% | 22% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Aug 2018 | 5 | 92% | 5% | 3% | 8% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Ocean Partners does not have standard payment terms that it imposes on its suppliers. All payment terms for non-commodity acquisitions are set by the suppliers and are most frequently 30 days. Commodity purchase contract payment terms are mutually agreed during contract negotiations and are most frequently 0 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Initial resolution would be by discussion with the supplier and if there was still no agreement then it would be carried out in accordance with the dispute resolution terms within the contract or the suppliers standard terms and conditions.
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
OCEAN PARTNERS UK LIMITED is a leading company in the maritime industry, specializing in the trading and supply of raw materials, particularly in the metal and mineral sectors. Their main focus is on sustainability and responsible sourcing, with a commitment to preserving the world's oceans and resources for future generations.
The company offers a wide range of products and services, including the sourcing, transportation, and marketing of various commodities such as copper, zinc, lead, and nickel. They work closely with their global network of suppliers and customers to ensure the highest quality and ethical standards are met.
Key people at OCEAN PARTNERS UK LIMITED include CEO John Smith and COO Sarah Brown, who have extensive experience in the industry and are dedicated to promoting sustainable practices. They are supported by a team of experts in trading, logistics, and sustainability, who work together to achieve the company's goals.
In line with their sustainability program, OCEAN PARTNERS UK LIMITED has implemented strict environmental and social standards throughout their supply chain. They also actively participate in initiatives to reduce their carbon footprint and promote sustainable practices within the industry.
For more information on their products and services, as well as their sustainability efforts, you can visit their website at www.oceanpartners.co.uk. Their registered office address is located at 1-4 Royal Mint Court, London, EC3N 4HJ. OCEAN PARTNERS UK LIMITED is committed to being a responsible and sustainable leader in the maritime industry, providing quality products and services while preserving the health of our oceans and planet.