TRAVELPORT INTERNATIONAL OPERATIONS LIMITED

Standard payment terms

Purchase order standard terms are 45 days. Where there is no PO, we adopt the suppliers’ payment terms from the invoice provided. Travelport Rooms and More commission standard payment terms are 60 days.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

The statistics combine two distinct groups – 1) suppliers and 2) customers to whom we pay incentives dependent on performance. Average time taken to pay are 31 days for suppliers, 65 days for customers and 58 days combined. Invoices due but not paid within agreed terms are 41% suppliers, 46% customers and 45% combined.

Maximum contractual payment period agreed

60

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