http://www.crfonline.org/orc/cro/cro-9-2.html
Definition
Letters of credit are commonly used to reduce credit risk to sellers in both domestic and international sales arrangements. By having a bank issue a letter of credit, in essence, one is substituting the bank's credit worthiness for that of the customer.

Standby Letter of Credit
This credit is a payment or performance guarantee used primarily in the United States.
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They are often called non-performing letters of credit because they are only used as a backup should the buyer fail to pay as agreed.
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Često ih nazivaju neoperativnim akreditivima, budući se upotrebljavaju jedino kao garancija (osiguranje) plaćanja, ako kupac ne plati kako je dogovoreno.
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Thus, a stand-by letter of credit allows the customer to establish a rapport with the seller by showing that it can fulfill its payment commitments.
Standby letters of credit are used, for example, to guarantee repayment of loans, to ensure fulfillment of a contract, and to secure payment for goods delivered by third parties. The beneficiary to a standby letter of credit can cash it on demand. Stand-by letters of credit are generally less complicated and involve far less documentation requirements than irrevocable letters of credit. See Credit Administration, Sample Procedure for Administration of a Standby Letter of Credit for a systematic procedure for establishing a standby letter of credit.

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Također:
http://www.loanuniverse.com/letters.html
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http://www.loanuniverse.com/letters.html
TYPES OF LETTERS OF CREDIT
Revocable letter of credit
Just like the name says the LC can be revoked by the Issuing Bank without the agreement of the beneficiary.

Irrevocable letter of credit
Can not be cancelled or amended without all the parties agreement.

Standby letter of credit
Guarantee of payment. If the beneficiary does not get paid from its customer it can then demand payment from the Bank by forwarding the copy of the invoice that was not paid and supporting documentation.

Revolving letter of credit
It is established when there are regular shipments of the same commodity between supplier and customer. Eliminates the need to issue an LC for each individual transaction
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http://www.un.org/documents/ga/res/50/a50r048.htm
A/RES/50/48 87th plenary meeting 11 December 1995

50/48. United Nations Convention on Independent
Guarantees and Stand-by Letters of Credit

Article 2 Undertaking

1. For the purposes of this Convention, an undertaking is an independent
commitment, known in international practice as an independent guarantee or as
a stand-by letter of credit, given by a bank or other institution or persons ("guarantor/issuer") to pay to the beneficiary a certain or determinable amount upon simple demand or upon demand accompanied by other documents, in conformity with the terms and any documentary conditions of the undertaking, indicating, or from which it is to be inferred, that payment is due because of
a default in the performance of an obligation, or because of another
contingency, or for money borrowed or advanced, or on account of any mature
indebtedness undertaken by the principal/applicant or another person.
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Dalje:
http://www.captainrepo.com/Financial/sblc.htm UZORAK Stby L/C
http://www.geocities.com/mvsconsultancy/SLC.htm FORMULAR za Stby L/C
http://www.frozenfish.com/slc.htm FORMULAR za Stby L/C


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Note added at 1 hr 21 mins (2004-07-09 22:22:51 GMT)
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http://www.pravri.hr/hr/zbornik/v20_2/maurovic.html

STANDBY LETTER OF CREDIT - BANKARSKA GARANCIJA U FORMI DOKUMENTARNOG AKREDITIVA - NOVA PRAVILA
Dr. sc. Ljiljana Maurović, docent
Fakultet ekonomije i turizma \"Dr. Mijo Mirković\" u Puli

Standby dokumentarni akreditiv, kao instrument osiguranja izvršenja ugovornih obveza, nastao u poslovnoj praksi USA, sve je prisutniji u međunarodnim poslovnim odnosima. Okolnosti nastanka ovog instrumenta, kao supstituta za bankarsku garanciju na zahtjev, predočavaju se radi usporedbe sa samostalnom bankarskom garancijom. Pravna priroda obveze sadržane u ovom instrumentu ističe se kao odlučujući pokazatelj identičnosti sa samostalnom bankarskom garancijom. U radu analizirana obilježja sudske prakse ovog instrumenta, posebno zloupotrebe prava, potvrđuju potrebu kodifikacije. ICC nije standby uključila u primjenu Jedinstvenih pravila za samostalne garancije 1991., iako se radi o jednakim instrumentima…

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HYPO ALPE ADRIA BANK
... po svim vrstama akreditiva (pokriveni, nepokriveni, nostro, loro, prenosivi, neprenosivi,
revolving, plativ po viđenju, terminski, standby akreditiv i dr.). ...
www.hypo-alpe-adria.rs.ba/akreditivi.html

Međimurska banka
... međunarodnih transakcija. Nostro (uvozni) akreditiv: Otvaranje akreditiva
s pokrićem; Otvaranje akreditiva bez pokrića; Stand by akreditiv; ...
www.mb.hr/ps_garan.htm

CROATIA BANKA dd
Format datoteke: PDF/Adobe Acrobat
... EUR 40,00 7.6.6. stand by akreditiv do 1 godine 100% pokriveni 0,5% minimalno protuvrijednost
EUR 50,00 + trołak SWIFT-a kn 50,00 7.6.7. stand by akreditiv do ...
www.croatiabanka.hr/filelibrary/ Naknade_za_poslovne_subjekte_2003_04_01.pdf - Slične stranice

[DOC] Međunarodni dokumentirani akreditiv
Format datoteke: Microsoft Word 2000 - HTML verzija
... U ostalim slučajevima smatra se da je akreditiv neprenosivi. ... Uz navedene vrsta akreditiva postoje još i
stand-by akreditivi, potvrđeni i nepotvrđeni ...
www.hok.hr/hok/gospodarstvo/financiranje/akreditiv.doc - Slične stranice

[PDF] RAZVOJNA STRATEGIJA BiH - PRSP
Format datoteke: PDF/Adobe Acrobat - HTML verzija
... Stand-by akreditiv je pokrivao rizik rata, civilnih nemira, nemogućnosti zamjene lokalne valute u stranu i njenog transfera u inostranstvo, kao i različite ...
www.bih.prsp.info/knjiga/ZA-WEB/ pdf%20novi/bos/strategija%20izvoza.pdf