| 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 2019 - 31 Dec 2019 | 22 Jan 2020 | 25 | 90% | 5% | 5% | 14% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
LRs approach is to negotiate standard terms of 30 days where possible
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
60
If a supplier disputes we fully investigate the points raised and work with them to resolve. Normally the Central mailbox is emailed to and if no resolution an LR contact is spoken to for escalating to the AP team lead or manager
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
This company, registered as Lloyd's Register Group Services Limited, trades under the name OneOcean. It provides digital maritime software connecting ships, fleets and crews, covering areas such as human capital management, technical ship management, governance, risk and compliance, voyage planning and voyage performance optimisation. Its tools support navigation, regulatory compliance, ESG reporting and decision support for shipping operators worldwide. The business describes itself as owned by Lloyd's Register, drawing on that organisation's long maritime heritage, and states its solutions are used across tens of thousands of vessels globally. It operates as part of the wider Lloyd's Register group, serving fleet operators, seafarers and shore-based teams within the maritime sector.
Generated from the company's website and Companies House records. Sources: marinepress.com · marinepress.com