Under the usance draft , the bearer shall presentit to the payer for acceptance before the date of maturity.
The Negotiating Bank is authorized to negotiate the usance drafts at sight for the face amount.
Acceptance of draft: in the case of a usance draft, for example, at 120 days' sight, it must be presented to the drawee for acceptance.
Are the expressions of sight draft time draft usance draft and letter of credit adequate terms to express the different methods of payment!