BEAZLEY PLC

Standard payment terms

These payment terms are not published on our website. Our payment terms are generally 30 days from invoice tax point based on the timely submission of satisfactory invoices. Payment terms are negotiated according to the context of the services / software or goods being purchased based on risk, discount and / or commercial factors. The payment terms are reviewed as part of the overall contract review and will form part of the negotiation process with input from the business stakeholders as well as legal and commercial. Some of our suppliers will submit invoices on their own payment terms which may differ from ours. Where a supplier's payment terms are less than our standard net 30 days, we use our best endeavours to pay such invoices according to that supplier's terms.

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

120

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