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Their own payment-practices filing · gov.uk

How long does Chevron International Tankship Limited take to pay its suppliers?

CRN 00485028 · Transport & storage · 17 statutory reports on record · period to 30 Jun 2026

18days
their reported average time to pay suppliers, latest period
Faster than mostvs a 31-day median across 6,185 recent filers

Self-reported figure from their statutory filing. How this is compiled.

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On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
3 Aug 1950
Registered office
1 WESTFERRY CIRCUS, LONDON, E14 4HA
0 outstanding charges on the register Accounts due 30 Sept 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 1–60 days. Reported average: 18.

Stated terms1–60d
+17 days
Reported avg18d

At a glance

The key figures

1–60d
their stated terms
2%
invoices paid outside terms
+10d
slower over the window
±5d
steady pattern

Vs peers · latest reported averages

fasterslower
Faster than 92% of the 248 large companies reporting in transport & storage.

The pattern

Getting slower

Average days to pay across their last 6 statutory reports.

terms 1d
8
9
9
8
15
18
H2 2023H1 2024H2 2024H1 2025H2 2025H1 2026

Where their supplier invoices land · latest period

within 30 days 96% 31–60 days 2% 61+ days 2%

The read · computed from their figures

Chevron International Tankship Limited has filed 17 statutory payment periods (earliest H1 2018). Their latest report puts the average at 18 days against stated terms of 1–60 days.

The direction is slower: from 8 to 18 days over the window — about 10 days slower.

In the latest period 2% of invoices were paid outside their agreed terms, and 2% landed 61+ days out.

What they tell their suppliers

Offers e-invoicing

In their own words · from the filing

Standard payment terms

Suppliers are paid within 60 days from receipt of a correctly prepared and adequately supported invoice, unless the transaction relates to an industry standard contract. In the Shipping industry freight is customarily paid promptly after is charge. Intercompany invoices meeting the minimum payable balance per company policy are settled on the 25th of the following month. Intercompany invoices not meeting the minimum payable balance per company policy are paid twice a year in March and September.

Dispute resolution

The company has an online portal https://login.chevron.garnercorp.com for contractors to submit invoice queries and obtain payment remittance advices. The Supplier Relations team will verify reasons for non-payment and escalate to the Accounts Payable team if not able to resolve the query through this means. Alternatively, for contracts not operated via the portal, disputes are investigated by the Accounts Payable team who communicate with the vendors via email or phone until resolution is reached.

Other information

Freight is settled promptly after discharge which is the industry standard. Non- voyage services related invoices are settled in line with payment terms agreed as part of each individual contract.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 2026182%2%27 Jul 2026
H2 2025156%2%28 Jan 2026
H1 202586%6%30 Jul 2025
H2 2024910%1%29 Jan 2025
H1 2024924%0%29 Jul 2024
H2 202389%0%29 Jan 2024
H1 20231023%2%27 Jul 2023
H2 2022611%0%30 Jan 2023
H1 20221649%0%26 Jul 2022
H2 2021395%0%27 Jan 2022
H1 20211830%5%29 Jul 2021
H1 2020199%9%28 Jan 2021
H1 2020238%12%28 Jul 2020
H2 20192229%9%28 Jan 2020
H1 20191626%4%30 Jul 2019
H2 20182019%3%30 Jan 2019
H1 20182414%5%27 Jul 2018

Working-capital effect

What a 18-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 18-day vs a 1-day payment cycle.

≈ £7,000
of invoicing outstanding at any one time on a 18-day cycle — about £6,700 more than the same account would carry at 1-day terms.

Late Payment Act. The Late Payment of Commercial Debts Act lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers

Are they getting slower or faster?
Their reported average has moved about 10 days slower over the window (8 → 18 days).
What's their typical pay point?
Their latest reports average around day 18, moving within about ±5 days. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.

Stay ahead

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More large companies in transport & storage

Cheltenham and Gloucester Omnibus Company Limited · Chevron Tankers Limited · CHC Scotia Limited · Chevron Traffic Management Limited · Chapman Freeborn Airchartering Limited · Citysprint (UK) Limited

How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-00485028 · latest period to 30 Jun 2026

Verify the original Companies House file

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