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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Formulate risk management policies and procedures for international trading companies 
SAQA US ID UNIT STANDARD TITLE
252294  Formulate risk management policies and procedures for international trading companies 
ORIGINATOR
SGB Transport and Logistics Operations 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 11 - Services Transport, Operations and Logistics 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
11265  Assess insurance risks and formulate risk management policies and procedures for international trading companies  Level 5  Level TBA: Pre-2009 was L5  11  Complete 

PURPOSE OF THE UNIT STANDARD 
The person credited with this Unit Standard will be able to apply a knowledge and understanding of risk management in order to assess the risks to which an international trading company may become exposed to, and to formulate policies and procedures to manage that risk.

The qualifying learner is capable of:
  • Analysing the existing structures, and recommend risk management policies and procedures associated with international trade.
  • Reviewing existing risk management practices/policies and procedures for international trade.
  • Implementing policies and procedures for managing client company's commercial and transit risk associated with international trade. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners accessing this qualification will be assumed competent in:
  • Communication at NQF Level 4 or equivalent.
  • Mathematical Literacy at NQF Level 4 or equivalent.
  • Communication at NQF Level 3 or equivalent in Second Language. 

  • UNIT STANDARD RANGE 
    International trading may include but is not limited to importers and exporters as client companies. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Analyse the existing structures, and recommend risk management policies and procedures associated with international trade. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    An appraisal is made of the policies and procedures pertaining to the risk management associated with international trade. 

    ASSESSMENT CRITERION 2 
    Data is collected in order to inform a report on risk management policies and procedures. 

    ASSESSMENT CRITERION 3 
    A report is compiled on the existing structures, policies and procedures of risk management. 

    ASSESSMENT CRITERION 4 
    The risk management market is analysed in terms of potential suppliers. 

    ASSESSMENT CRITERION 5 
    Recommendations are made in terms of suppliers, terms, conditions and rates. 

    SPECIFIC OUTCOME 2 
    Review existing risk management practices/policies and procedures for international trade. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Current situation is reviewed in terms of policies and procedures to be written or revised. 

    ASSESSMENT CRITERION 2 
    Policies and procedures are recommended for approval to higher authority. 

    ASSESSMENT CRITERION 3 
    Procurement processes are recorded in respect of the appointment of risk management providers. 

    ASSESSMENT CRITERION 4 
    Approved policies and procedures are communicated to affected parties. 

    SPECIFIC OUTCOME 3 
    Implement policies and procedures for managing client company's commercial and transit risk associated with international trade. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Operational requirements are implemented for international risk management. 
    ASSESSMENT CRITERION RANGE 
    Operational requirements may include but are not limited to administration payment and reporting systems, forms and stationery.
     

    ASSESSMENT CRITERION 2 
    Plans are measured with affected parties for the implementation of risk management policies and procedures. 

    ASSESSMENT CRITERION 3 
    Implementation processes and procedures are reviewed with a view to identify areas of improvement. 

    ASSESSMENT CRITERION 4 
    Recommendations are made for corrective and preventative actions. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed (including through RPL) against this unit standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA.
  • Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this unit standard or assessing this unit standard must be accredited as a provider with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • The principles of Marine Insurance: Insurable interest, Subrogation, Utmost Good Faith, Indemnity, The concepts of General Average and Proximate Cause, The Institute Cargo Clauses applicable to the international trading company's particular needs, The types of transit insurance: Facultative insurance, Open Marine Policies, Block policies, Marine cargo policy extensions, Preparation of declarations, Calculation and application of premiums, Claims documentation, Insurance documents and UCP 50. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems associated with analysing of existing structures, reviewing existing risk management structures and implementing policies and procedures for managing client company's commercial and transit risk. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others in the process of analysing existing structures, reviewing existing risk management structures and implementing policies and procedures for managing client company's commercial and transit risk. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information in order to analyse the existing structures and to review risk management practices. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively when making recommendations. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology to record information and make recommendations. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems where the proper formulation of risk management policies and procedures for international trading companies can have a positive impact on them. 

    UNIT STANDARD CCFO CONTRIBUTING 
    In order to contribute to the full personal development of each learner and the social and economic development of society at large, it must be the intention underlying any programme of learning to make an individual aware of the importance of:
  • Being culturally and aesthetically sensitive across a range of social contexts when formulating risk management policies and procedures. 

  • UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    This unit standard replaces unit standard 11265, "Assess insurance risks and formulate risk management policies and procedures for international trading companies", Level 5, 11 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  59304   National Diploma: Freight Forwarding and Customs Compliance  Level 5  NQF Level 05  Reregistered  2023-06-30  TETA 
    Elective  74149   National Certificate: Supply Chain Management  Level 5  NQF Level 05  Reregistered  2023-06-30  TETA 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. Aldabri 106 Institute for Quality Pty Ltd 
    2. BPL Academy 
    3. Centre for Logistics Excellence (Pty) Ltd 
    4. College for Business and Maritime Studies 
    5. College of Production Technology 
    6. COMMERCE EDGE SOUTH AFRICA PTY LTD 
    7. Global Maritime Legal Solutions Pty Ltd 
    8. Metro Minds 
    9. Phephani Learnerships cc 
    10. School of Shipping 
    11. Y2K College 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.