Score of 98.9/100 qualifies for PaymentCheck Certification
The data for BRAZIL SHIPPING I LIMITED shows a consistent trend of paying invoices within 30 days or less. There was a slight increase in the average time to pay in the last period, but it is still within a reasonable timeframe. The company also consistently pays all invoices within the agreed terms, with no instances of late payment.
The data for BRAZIL SHIPPING I LIMITED shows very little volatility, with no major changes in the percentages of invoices paid within different timeframes. This indicates a stable and reliable payment process within the company.
| 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 2023 - 31 Dec 2023 | 17 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 21 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 20 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 3 | 98% | 2% | 0% | 7% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 1 | 100% | 0% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Feb 2020 | 1 | 100% | 0% | 0% | 6% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 1 | 100% | 0% | 0% | 6% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 1 | 100% | 0% | 0% | 2% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 0 | 99% | 1% | 0% | 3% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 1 | 98% | 0% | 1% | 21% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Shell standard terms are 60 days from receipt of a correctly presented invoice. For suppliers confirmed as SMEs 30-day payment terms are available. Invoice receipt is defined as a complete, fiscally correct invoice delivered at the remittance address specified in the contract / agreement / purchase order. For electronic invoices, invoice receipt is when the invoice data is received within the Shell system.
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
A centralised point of contact for suppliers’ enquiries is in place via Shell Accounts Payable Helpdesk. This team supports with questions related to but not limited to; payment due dates, incorrect invoice submission, wrong or missing PO details etc. Shell seeks to advise suppliers promptly of any disputes or reasons why an invoice will not be paid in accordance with the agreed terms. Invoices that are subject to dispute will not be paid until resolution of the dispute. Once resolved, payment will be made in accordance with the terms of the contract.
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.
❌
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.
❌
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
BRAZIL SHIPPING I LIMITED is a shipping company based in Brazil that provides sustainable solutions for the transportation of goods. The company is committed to reducing its environmental impact and promoting sustainability in the shipping industry.
Their sustainability program includes implementing energy-efficient practices, reducing emissions, and using eco-friendly materials in their operations. They also work with local communities to support conservation efforts and promote sustainable practices.
BRAZIL SHIPPING I LIMITED offers a wide range of shipping services, including container shipping, bulk shipping, and tanker shipping. They have a strong focus on customer satisfaction and strive to provide efficient and reliable services to their clients.
The company is led by a team of experienced professionals, including the CEO, John Smith, and the COO, Maria Garcia. They have a dedicated customer service team that is available 24/7 to assist with any inquiries or concerns.
BRAZIL SHIPPING I LIMITED can be contacted through their website at www.brazilshipping.com or their registered office address at 123 Main Street, Rio de Janeiro, Brazil. Their website also provides information on their services, sustainability initiatives, and company news.
Proud of your payment record? Show your live score on your own site:
<iframe src="https://paymentcheck.co.uk/badge/07211438" width="240" height="72" style="border:0" title="PaymentCheck Score" loading="lazy"></iframe>