| 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 2025 - 31 Dec 2025 | 26 Jan 2026 | 32 | 92% | 6% | 2% | 2% |
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 54 | 60% | 18% | 22% | 22% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 47 | 76% | 15% | 9% | 9% |
| 01 Jan 2024 - 30 Jun 2024 | 31 Jul 2024 | 34 | 77% | 11% | 11% | 11% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 52 | 68% | 16% | 16% | 16% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 34 | 77% | 16% | 6% | 6% |
| 01 Jul 2022 - 31 Dec 2022 | 06 Feb 2023 | 43 | 67% | 16% | 17% | 17% |
| 01 Jan 2022 - 30 Jun 2022 | 05 Aug 2022 | 50 | 66% | 20% | 14% | 14% |
| 01 Jul 2021 - 31 Dec 2021 | 17 Jan 2022 | 45 | 74% | 16% | 10% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 145 | 62% | 7% | 31% | 60% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 79 | 49% | 19% | 32% | 32% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 24 | 4% | 57% | 39% | 39% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Purchaser shall pay Vendor's invoices within a maximum period of sixty (60) days following the date of issuance of the invoices by bank transfer to Vendor's designated bank account in the Vendor's Information Form. Payments by Purchaser shall be made only to a bank account opened in the name of Vendor in the jurisdiction or country where Vendor is duly incorporated or registered.
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
Invoices with No PO are returned to the supplier to correct. Disputed invoices are queried between the purchaser and the supplier in the first instance. If the purchaser cannot get to a resolution the query is escalated to the accounts payable team to assist in resolution. Invoices are not approved for payment until the query is resolved.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
BUREAU VERITAS SOLUTIONS MARINE & OFFSHORE LIMITED is a global company that provides inspection, testing, certification, and technical consultancy services for the marine and offshore industries. They have a strong focus on sustainability and offer a wide range of products and services to promote environmentally friendly practices in these industries.
Their sustainability program includes initiatives such as reducing carbon emissions, promoting renewable energy sources, and implementing sustainable practices in their operations. They also provide training and support to help their clients achieve sustainable goals.
The company's key people include Didier Michaud-Daniel, the Chief Executive Officer, and Philippe Donche-Gay, the President of Marine & Offshore. They both have extensive experience in the industry and are committed to driving the company's sustainability efforts.
BUREAU VERITAS SOLUTIONS MARINE & OFFSHORE LIMITED's products and services include classification and certification of ships and offshore structures, risk management and compliance services, and technical consultancy for complex projects. They also offer digital solutions to help their clients optimize their operations and reduce environmental impact.
The company's website is www.bureauveritas.com and their registered office address is Bureau Veritas Solutions Marine & Offshore Limited, 5 New Street Square, London, EC4A 3TW, United Kingdom.
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