Colle
Colle is an arra whereby the goods are shipped and a relevant draft is drawn by the exporter on the importer，andbror shipping dots are forwarded to the exporter’s bank with clear instrus for colle through one of its correspo bank located in the domicile of the importer.Basically，there are two kinds of colle：Dots against Payment（DbrP）and Dots against Acceptance（DbrA）.DbrP requires immediate payment by the importer to get hold of the dots，while DbrA calls for delivery of dots against acceptanbsp;of the draft drawn by the exporter.The importer is then given a certain period to make payment.
LbrC
Letter of Credit is a written uaking by a bank given to the exporter at the request，and in accordanbsp;with the instrus of the importer to effebsp;payment up to a stated sum of money，within a prescribed time limit and against stipulated dots.Lbrbsp;is the most important and only-ud payment term in iional trade.As an usual practice，the Lbrbsp;is to be established and to reabsp;the ller at least one month prior to the date of shipment so as to leave enough time for the ller to make preparations for shipment.
Inquiries about terms of payment and replies are routine work.Most traders know the methods of payment available for ttling iional trade transas.However，one should keep in mind that the receipt of payment is often depe on the ercial，eibsp;and politibsp;risks evident in a try and should dictate the payment term for the trade.It is also necessary to know the merits and shes of eabsp;payment term.
Colle