Their own payment-practices filing · gov.uk
Chevron International Tankship Limited pays suppliers in 18 days on average — within its stated 1–60 day terms
Their H1 2026 filing puts the average 17 days past the shortest term they state (1 days), still within their 60-day upper term.
- Their stated terms
- 1–60 days
- Paid outside agreed terms
- 2% of invoices
- Paid after 61+ days
- 2%
- Reporting period
- 1 Jan 2026 – 30 Jun 2026
- Source
- their gov.uk filing, filed 27 Jul 2026
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2026 filing
Paid within their stated range — 18 against 1–60 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 17 reports
8 → 18 days — slowing down
The read · computed from their figures
Chevron International Tankship Limited's H1 2026 filing puts their average at 18 days against stated terms of 1–60 days; 2% of invoices were paid outside agreed terms and 2% took 61 days or longer. Filed 27 Jul 2026.
The direction is slower: from 8 days in H2 2023 to 18 now — 10 days slower across their last 6 reports.
On the latest reported averages: Faster than 93% of the 245 large companies reporting in transport & storage.
That is 17 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.
What they tell their suppliers
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.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2026 | 18 | 2% | 2% | 27 Jul 2026 |
| H2 2025 | 15 | 6% | 2% | 28 Jan 2026 |
| H1 2025 | 8 | 6% | 6% | 30 Jul 2025 |
| H2 2024 | 9 | 10% | 1% | 29 Jan 2025 |
| H1 2024 | 9 | 24% | 0% | 29 Jul 2024 |
| H2 2023 | 8 | 9% | 0% | 29 Jan 2024 |
| H1 2023 | 10 | 23% | 2% | 27 Jul 2023 |
| H2 2022 | 6 | 11% | 0% | 30 Jan 2023 |
| H1 2022 | 16 | 49% | 0% | 26 Jul 2022 |
| H2 2021 | 39 | 5% | 0% | 27 Jan 2022 |
| H1 2021 | 18 | 30% | 5% | 29 Jul 2021 |
| H1 2020 | 19 | 9% | 9% | 28 Jan 2021 |
| H1 2020 | 23 | 8% | 12% | 28 Jul 2020 |
| H2 2019 | 22 | 29% | 9% | 28 Jan 2020 |
| H1 2019 | 16 | 26% | 4% | 30 Jul 2019 |
| H2 2018 | 20 | 19% | 3% | 30 Jan 2019 |
| H1 2018 | 24 | 14% | 5% | 27 Jul 2018 |
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
Illustrative · working-capital arithmetic
What a 18-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 18-day vs a 1-day payment cycle.
Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 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 · Chevron International Tankship Limited
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How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
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 6,104 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
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