SAQA 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.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Demonstrate knowledge and understanding of transportation insurance 
SAQA US ID UNIT STANDARD TITLE
120009  Demonstrate knowledge and understanding of transportation insurance 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04  3 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2026-06-30   2029-06-30  

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
10365  Describe transportation insurance  Level 4  NQF Level 04  2   

PURPOSE OF THE UNIT STANDARD 
This Unit Standard provides an introduction to transportation insurance. It is intended for learners in Short Term commercial and retail insurance.

The qualifying learner is capable of:
  • Explaining transportation insurance.
  • Identifying the different products that a transportation insurance company offers
  • Analysing the role of transportation insurance in international trade.
  • Identifying events in the news that could impact on goods that are in transit. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners should be competent in Communication and Mathematical Literacy at NQF Level 3. 

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is:
  • Local and international trade.
  • Risks associated with cargo, hull and private craft.
  • Geographical situation, weather and climate, physical and political environment.
  • Modern piracy includes hijacking and terrorism.
  • Current Incoterms are EXW, FOB/FCA, CFR/CPT AND CIF/CIP.
  • Marine policy (MAR) Institute Cargo Clauses, Multimarkä and/or other policy wordings.
  • Classes of transportation insurance include, but are not limited to, imports, exports, goods in transit and storage. 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain transportation insurance. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Transportation insurance is explained in terms of the carriage of cargo. 

    ASSESSMENT CRITERION 2 
    The concept of liability is explained with examples. 

    ASSESSMENT CRITERION 3 
    The roles of intermediaries in transportation insurance are explained with reference to a logistics chain. 

    ASSESSMENT CRITERION 4 
    The current Incoterms associated with transportation insurance are explained with examples. 

    ASSESSMENT CRITERION 5 
    The concepts of general average and marine salvage are explained for a specific scenario. 

    SPECIFIC OUTCOME 2 
    Identify the different products that a transportation insurance company offers. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Three different classes of transportation insurance are named with examples. 

    ASSESSMENT CRITERION 2 
    Three different types of liability insurance are named with examples. 

    ASSESSMENT CRITERION 3 
    A cargo policy is analysed in terms of transit and storage of cargo. 

    ASSESSMENT CRITERION 4 
    The risk attached to each transportation insurance product is indicated based on the Institute Cargo Clauses. 

    SPECIFIC OUTCOME 3 
    Analyse the role of transportation insurance in international trade. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The concept of trade is explained with reference to South African imports and exports. 

    ASSESSMENT CRITERION 2 
    The concept of international trade is explained with reference to goods and raw materials and South Africa's main trade partners. 

    ASSESSMENT CRITERION 3 
    The major trade routes are identified on a map and an indication is given of mode of transport, raw materials and manufactured goods that are transported along each route. 

    ASSESSMENT CRITERION 4 
    The ports and facilities along major trade routes are indicated graphically. 

    SPECIFIC OUTCOME 4 
    Identify events in the news that could impact on goods that are in transit. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Climate patterns and weather phenomena that can affect goods that are in transit are explained with reference to recent examples. 

    ASSESSMENT CRITERION 2 
    Geological events and incidents in the physical environment that can affect goods that are in transit are explained with reference to recent examples. 

    ASSESSMENT CRITERION 3 
    Examples of modern forms of piracy are identified and explained as a hazard in transportation insurance and examples are given of recent incidents of piracy. 

    ASSESSMENT CRITERION 4 
    Conditions in ports that impact on the theft of containers and goods are identified and related to events in the socio-economic environment. 

    ASSESSMENT CRITERION 5 
    The effect of political risk on trade is explained with reference to recent examples. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    This Unit Standard will be internally assessed by the provider and moderated by a moderator registered by a relevant accredited ETQA or an ETQA that has a Memorandum of Understanding with the relevant accredited ETQA. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO COLLECTING 
    The learner can collect, organise and evaluate information by identifying events that could impact on goods that are in transit and locating the major trade routes on a map. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner can communicate effectively by explaining the concepts of indicated in the Unit Standard. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner can demonstrate an understanding of the world as a set of related systems by recognising that problem solving contexts do not exist in isolation by identifying the effect of political risk on trade. 

    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 10365, " Describe transportation insurance", Level 4, 2 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  59365   National Certificate: Freight Forwarding and Customs Compliance  Level 3  NQF Level 03  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  TETA 
    Elective  59298   Further Education and Training Certificate: Freight Forwarding and Customs Compliance  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  TETA 
    Elective  66609   Further Education and Training Certificate: Retail Insurance  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 
    Elective  66610   Further Education and Training Certificate: Short Term Insurance  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-07-30  As per Learning Programmes recorded against this Qual 
    Elective  57613   Further Education and Training Certificate: Short-Term Risk Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2012-06-30  INSETA 


    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.
     
    NONE 


    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.