Is This Credit Usance Credit Payable At Sight?

[ofei]

LC states：
41D：CREDIT ISSUING OFFICE AT 90 DAYS SIGHT BY DEF PAYMENT
42C：90 DAYS SIGHT FOR INVOICE VALUE OF GOODS
47A：THIS CREDIT IS PAYABLE AT SIGHT AND INVOICE MUST EVIDENCE THE SAME.
The credit didn't stipulate whose party will bear the discounting fee or interest .
My question is whether it is a real usance credit payable at sight?
If not, why did the issuing bank make such contradictory clauses?
How will the beneficiary and forwarding bank do? (There is no time contacting the issuing bank for clarification)

Pls comment. Tks.

Ofei

[shahriar]

though its too late to answer this question, i think the credit is quite understandable. as far as discounting charges are concern, there should be sufficient time for that since discounting will occur during the presentation of document.

regd

shahriar