Transaction Process
An indicative commercial workflow for serious buyers. Structured, documented, and professionally managed from the first letter of intent through to confirmed shipment.
The workflow outlined below is an indicative commercial process. Final procedures, instruments, and documentation requirements are subject to the specific terms agreed between the parties in the signed Sales and Purchase Agreement (SPA). Buyers are advised to submit an enquiry to initiate formal discussion of applicable terms.
Eleven-Step Transaction Process
Each stage is formally documented. The process is designed to protect both parties, provide clear confirmation at each milestone, and ensure that shipping only commences once all instruments are in place.
The end buyer issues an official Irrevocable Corporate Purchase Order (ICPO) or Letter of Intent (LOI) to Nukhba Global Holdings, confirming product type, quantity, and intended destination.
Upon receipt of the LOI / ICPO, the seller issues an official Full Corporate Offer (FCO) to the end buyer, detailing price, quantity, specifications, delivery terms, and payment conditions.
The buyer countersigns the FCO to confirm acceptance of terms, and submits a copy of the buyer's passport and an original, certified company registration certificate for due diligence purposes.
The seller prepares a formal Sales and Purchase Agreement (SPA) for the buyer's final review, incorporating all agreed commercial terms, specification references, security deposit conditions, and allocation terms.
The buyer reviews, signs, seals, and returns the SPA. The seller then countersigns, formally executing the Sales and Purchase Agreement and establishing the binding contractual framework.
Following execution of the SPA, the seller issues an official commercial invoice to the buyer, confirming the full transaction value and providing the formal financial reference document for the banking instrument.
The buyer issues an MT705 pre-advice via their bank as a pre-notification of the incoming Letter of Credit, or may proceed directly with an MT700 Letter of Credit issuance as agreed in the SPA.
The seller grants inspection access and releases the full Proof of Product (POP) package to the buyer, including SGS inspection reports and all related quality documentation confirming product conformity.
The buyer's bank issues the irrevocable MT700 Letter of Credit in favour of the seller, in accordance with the terms and conditions set out in the executed Sales and Purchase Agreement.
Against receipt and confirmation of the buyer's LC, the seller issues a Performance Bank Guarantee (PBG) of 5% of the total transaction value, providing the buyer with formal performance assurance.
Shipment and delivery commences within 10 working days following full confirmation of the MT700 Letter of Credit by the seller's bank. All shipping documentation and certification is provided at port of shipment.
Key Points for Prospective Buyers
The following clarifications are provided to assist buyers in understanding the commercial framework before initiating contact.
Commercial Term Abbreviations
Ready to Initiate Contact?
Serious buyers may submit an enquiry via our contact page. Please include your product interest, estimated quantity, and destination country.