Standard payment methods
Our preferred method of payment is via Direct Debit. Five days additional credit is available for those who choose this payment method. Also, you get plenty of time to check your invoice while your money stays in your account working for you, until the Direct Debit date. Please note a trade deposit may be required for customers not paying by Direct Debit.
BOC’s standard payment terms are by the 20th of the month following supply. Payment within this time will ensure your gas and equipment supply remains uninterrupted. If payment is not received by the due date, then supply may be interrupted until payment is made and a late-payment fee may be charged.
Alternatively, payment via cheque, BACS, CHAPS, EDI or credit/debit card is acceptable.
Electronic Data Interchange (EDI)
Electronic Data Interchange (EDI) is the electronic transfer of commercial documents between two business partners using standard formats. We can use EDI to send and receive purchase orders to and from suppliers as well as sending invoices to customers. All TRADACOMS and EDIFACT message standards are supported, with others available on request.
The benefits of EDI include:
• More effective use of human resources
• Streamlined business processes
• Lower administration costs
• Data accuracy
• Closer trading relationships
• Increased accountability
Single monthly charge payment plan
Signing up to the single monthly charge option means that your organisation can budget for a single fixed charge to cover all your BOC Healthcare gas services and associated equipment. It means that the organisation gets one invoice, over an agreed period: normally monthly, but at less frequent intervals by arrangement.
The fixed monthly charge is based on current and annual spend and is reviewed each year. The charge you pay is agreed with you and is designed to cover any expected price rise (or reduction) and also allow for unexpected contingencies.
At the end of the budget year any surplus can be refunded, or it can be held over to reduce the following year’s payments. You will know exactly where you stand.
Invoices will be issued every month. There will three different price elements covering different costs associated with supplying medical gas cylinders:
1. Gas price
This is the price for the actual quantity of gas in the cylinder and is based on how much it costs us to produce it.
2. Rental charge
All our cylinders are owned by BOC and therefore attract a rental charge when held by customers. This covers the cost of ensuring the quality and safety of the cylinders inline with regulatory standards. This is normally charged on a monthly basis, but other periods are available on request.
3. Fixed charge
This charge is made for each transaction and covers the delivery and administration costs.
Please click on the link below for an example of a standard BOC invoice with detailed explanations of how the charges appear.