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 an understanding of marine insurance concepts 
SAQA US ID UNIT STANDARD TITLE
252383  Demonstrate an understanding of marine insurance concepts 
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 2  NQF Level 02  6 
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
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 does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
The person credited with this unit standard is able to explain the role played by transit insurance in international trade and the processes and procedures used to effect marine insurance and understand how to initiate claims for loss of damage.

The qualifying learner is capable of:
  • Explaining the concept of transit insurance.
  • Identifying the parties involved in the insurance of internationally traded goods in transit.
  • Explaining the consequences of inadequate or omission of transit insurance.
  • Describing the respective duties of the insured and freight forwarder in the event of loss or damage. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners accessing this qualification will have demonstrated competence in:
  • Communication at NQF Level 1 or equivalent.
  • Mathematical Literacy at NQF Level 1 or equivalent. 
    		•

    UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain the concept of transit insurance. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The reasons for insuring internationally traded goods are described in the context of freight forwarding. 

    ASSESSMENT CRITERION 2 
    The risks which can be insured are named for importers and exporters. 

    ASSESSMENT CRITERION 3 
    The different types of marine insurance cover are identified for cargo insurance. 
    ASSESSMENT CRITERION RANGE 
    Types of cover include institute cargo clauses A, B and C.
     

    ASSESSMENT CRITERION 4 
    The transfer of risk from seller to buyer is explained in terms of the international commercial terms. 

    SPECIFIC OUTCOME 2 
    Identify the parties involved in the insurance of internationally traded goods in transit. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The respective roles of seller and buyer in insuring goods in transit are explained in terms of the international commercial terms. 

    ASSESSMENT CRITERION 2 
    The respective roles of insurance broker and underwriter are explained in the context of transit insurance. 

    ASSESSMENT CRITERION 3 
    The role of the freight forwarder in arranging and administering transit insurance is identified for importers and exporters. 

    ASSESSMENT CRITERION 4 
    The responsibilities of the freight forwarder are identified in the context of the relevant provisions of the Financial Advisory and Intermediary Services (FAIS) Act. 

    SPECIFIC OUTCOME 3 
    Explain the consequences of inadequate or omissions of transit insurance. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The elements which need to be covered by transit insurance are identified with reference to door to door movement of internationally traded goods. 

    ASSESSMENT CRITERION 2 
    How goods can be underinsured is explained in the context of landed cost and consequential loss. 

    ASSESSMENT CRITERION 3 
    The advantages and disadvantages of acting as own insurer are explained for importers and exporters. 

    ASSESSMENT CRITERION 4 
    The implications to business of being under or not insured are explained for importers and exporters. 

    SPECIFIC OUTCOME 4 
    Describe the respective duties of the insured and freight forwarder in the event of loss or damage. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The probable causes of loss or damage to goods in transit are identified in respect of internationally traded goods. 
    ASSESSMENT CRITERION RANGE 
    Probable causes may include but is not limited to theft, damage by equipment, damage by motion, damaged by contamination, collision/grounding ingress of water, acts of God and loss overboard.
     

    ASSESSMENT CRITERION 2 
    The losses which are commonly excluded from insurance cover are identified in the context of internationally traded goods. 
    ASSESSMENT CRITERION RANGE 
    Losses may include but is not limited to insufficient packing, misconduct, unseaworthyness/unroadworthyness and time barring.
     

    ASSESSMENT CRITERION 3 
    The duty of an insured to act as if uninsured is explained when loss or damage occurs. 

    ASSESSMENT CRITERION 4 
    The responsibilities of the freight forwarder are explained in the event of loss or damage. 
    ASSESSMENT CRITERION RANGE 
    Duties may include are not limited to mitigating against further loss of damage, survey, proforma claim.
     


    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 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems which result from an insurance claim for lost or damaged cargo. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with the insured, insurer and freight forwarder in the event of loss or damage to cargo. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information pertaining to the cargo and its insurance. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively with all role players involved in the marine insurance process. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology to capture, store and retrieve transit insurance information on cargo. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems where lack of understanding of marine insurance concepts can lead to problems if cargo is lost or damaged. 

    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 developing entrepreneurial opportunities in handling marine insurance. 

    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 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  59326   National Certificate: International Trade  Level 2  NQF Level 02  Passed the End Date -
    Status was "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. College of Transport Logistics (Pty) Ltd 
    3. Global Maritime Legal Solutions Pty Ltd 
    4. Maritime Business Institute 
    5. P and R Development and Training (Pty) Ltd 
    6. SA Maritime School and Transport 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.