Payment Terms

These terms apply to Norðurál Grundartanga ehf., Norðurál Helguvík ehf. and Norðurál ehf.


Norðurál pays invoices for goods and services before the end of the month after the costs were incurred, provided that the invoice is delivered no later than the 5th working day of the month. We do not pay bank orders. Each order must be billed separately.

All accounts must contain the Reference No. and bank account information. Lack of this information can cause payments to be delayed.


All Invoices must include a work order number. Only one work order no. is permitted on each invoice.

Invoices will not be approved unless the appropriate documentation is attached, such as approved timesheet, material requirements, purchase orders and the like.

Invoices must show VAT amounts clearly as a separate line item and clearly show separate amounts for work performed and materials used. Invoices should be issued monthly for services rendered in that month.


Invoice should be made to the relevant Company:

Norðurál Grundartangi ehf.
ID No. 570297-2609
301 Akranes
VAT no. 54495

Norðurál Helguvík ehf.
Id. no. 470207-2800
Stakksbraut 1
250 Garður
VAT nr. 99679

Norðurál ehf.
Id. no. 470404-2130
Skógarhlíð 12
105 Reykjavík
VAT no. 99744

Mail all bills and documents to:

Norðurál Grundartangi ehf.
301 Akranes