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

Describe transportation insurance 
SAQA US ID UNIT STANDARD TITLE
10365  Describe transportation insurance 
ORIGINATOR
SGB Financial Services 
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  2 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Registered" 		 2002-06-12  2005-06-12  SAQA 0742/02 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2006-06-12   2009-06-12  

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 is replaced by: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
120009  Demonstrate knowledge and understanding of transportation insurance  Level 4  NQF Level 04  3   

PURPOSE OF THE UNIT STANDARD 
This unit standard provides an introduction to transportation insurance.

The qualifying learner is capable of:
  • Knowing and understanding the concept of transportation insurance.
  • Identifying the different products that a transportation insurance company markets.
  • Identifying the role of transportation insurance in international trade.
  • Applying knowledge of customer profiles and risk transportation insurance.
  • Identifying events in the news that could impact on transportation insurance. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    There is open access to this Unit Standard. Learners should be competent in Communication, Mathematical Literacy and Financial Literacy at NQF Level 3. 

    UNIT STANDARD RANGE 
    The typical scope of this unit standard is:
    1. Local and international trade.
    2. Risks associated with cargo, hull and private craft.
    3. Geographical situation, weather and climate, physical and political environment.
    4. Piracy includes highjacking and other modern forms of piracy.
    5. Four methods of purchase are CIF, FOB, FAS and C&F. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Know and explain the concept of transportation insurance. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Transportation insurance is explained in terms of mode of travel. 

    ASSESSMENT CRITERION 2 
    2. The concept of goods in transit is explained and reasons are given to explain why transportation insurance was previously called marine insurance. 

    ASSESSMENT CRITERION 3 
    3. The concept of liability and the way that it is spread between direct insurance, reinsurance and the client is explained and illustrated graphically. 

    ASSESSMENT CRITERION 4 
    4. The role of the intermediary in transportation insurance is explained with reference to brokers and freight forwarders. 

    ASSESSMENT CRITERION 5 
    5. Basic INCO terms associated with transportation insurance such as international trade, indemnity and salvage are understood and explained with reference to a specific policy. 

    ASSESSMENT CRITERION 6 
    6. The terms of purchase of cargo or goods are identified with reference to four purchase contracts. 

    ASSESSMENT CRITERION 7 
    7. The concept of general average in transportation policies is explained and demonstrated in a simulation activity that requires a decision based on reasonable action at the time. 

    ASSESSMENT CRITERION 8 
    8. The inherent advantages and disadvantages of transportation insurance are listed from the point of view of an international trader. 

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

    ASSESSMENT CRITERIA     

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

    ASSESSMENT CRITERION 2 
    2. A cargo policy is analysed in terms of transit and storage of cargo. 

    ASSESSMENT CRITERION 3 
    3. The risk attached to each transportation insurance product is indicated based on the Institute Cargo Clauses. 

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

    ASSESSMENT CRITERIA     

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

    ASSESSMENT CRITERION 2 
    2. The concept of international trade is explained and South Africa's main trade partners are illustrated graphically. 

    ASSESSMENT CRITERION 3 
    3. South Africa's competitors in international trade are illustrated graphically in terms of goods and raw materials. 

    ASSESSMENT CRITERION 4 
    4. The major trade routes are identified on a map and an indication is given of mode of transport, tonnage, value, raw materials and manufactured goods that are transported along each route. 

    ASSESSMENT CRITERION 5 
    5. The ports and facilities along major trade routes are indicated graphically. 

    SPECIFIC OUTCOME 4 
    Apply knowledge of customer profiles and risk to transportation insurance. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The concepts of importers and agents are explained with examples of each. 

    ASSESSMENT CRITERION 2 
    2. Risks associated with cargo, hull and watercraft are named with examples. 

    ASSESSMENT CRITERION 3 
    3. The concept of risk residing in the product is explained and related to the risk in the mode of transport and geographical location. 

    ASSESSMENT CRITERION 4 
    4. The advantages and disadvantages of taking out transportation insurance in South Africa are compared to the advantages and disadvantages of taking out international insurance. 

    ASSESSMENT CRITERION 5 
    5. The possible liability exposures faced by customers are explained with examples. 

    SPECIFIC OUTCOME 5 
    Identify events in the news that could impact on goods in transit. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Climate patterns and weather phenomena that can affect goods in transit are named and identified in the news. 

    ASSESSMENT CRITERION 2 
    2. Geological events and incidents in the physical environment that can affect goods in transit are identified in the news. 

    ASSESSMENT CRITERION 3 
    3. Modern piracy is identified as a hazard in transportation insurance and examples are given of recent incidents of piracy. 

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

    ASSESSMENT CRITERION 5 
    5. The effect of political risk on trade is identified and examples are identified in the news. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    This Unit Standard will be internally assessed by the provider and moderated by a moderator registered by INSQA. The mechanisms and requirements for moderation are contained in the document obtainable from INSQA,
    INSQA framework for assessment and moderation. 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner can identify and solve problems using critical and creative thinking when the concept of general transportation salvage is explained and demonstrated in a simulation activity that requires a decision based on reasonable action time. 

    UNIT STANDARD CCFO COLLECTING 
    The learner can collect, organise and evaluate information when s/he compares the advantages and disadvantages of taking out international insurance. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner can communicate effectively using visual, mathematical and language skills in oral and written presentation when the concepts of liability and of international trade are explained and illustrated graphically. 

    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 when the effect of political risk on trade is identified with examples from the news. 

    UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 120009, which is "Demonstrate knowledge and understanding of transportation insurance", Level 4, 3 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  21796   National Certificate: Short Term Insurance  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered"     		 2005-06-12  Was INSETA until Last Date for Achievement 


    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.