lb
Second hand in Q pic is at 0. The other dials are minute and hour timers and have not bearing on the time.
MOVEMENT: Mechanical chronograph IWC caliber 89361 with flyback function, date and time indication. Chronograph hour and minute counters combined in a totalizer at 12 o’clock. Small hacking seconds, sapphire caseback, Frequency 28,800 bph
http://www.avipwatch.com/iwc-portugieser-chronograph-classic/
No that is a timer on 40. The second hand is on 12 (so 0). Looks like 3:14 exactly
I buy that. The timers are the other dials. Not part of time, but I imagine you know that.