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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Underwrite a high risk, high value risk in cross border transportation 
SAQA US ID UNIT STANDARD TITLE
243163  Underwrite a high risk, high value risk in cross border transportation 
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 5  Level TBA: Pre-2009 was L5  10 
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 does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for Underwriters who write high risk high value transportation insurance. It may be useful for Intermediaries who specialise in transportation insurance which is a specialised class of insurance.

The qualifying learner is capable of:
  • Analysing the subject matter of insurance and the associated risks in a high risk, high value proposal.
  • Analysing the risks associated with different methods of transportation and selected routes in a cross border consignment.
  • Applying knowledge of international conventions and codes to cross border transportation.
  • Applying the risk management process to construct an insurance policy for a high value, high risk scenario. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in Communication and Mathematical Literacy at NQF Level 4. 

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is:
  • Characteristics of the goods includes, but is not limited to, preparation, packaging and proposed stowage.
  • Bailees include, but are not limited to, warehouses, stevedores, clearing and forwarding agents, transporters and anyone through whose hands the goods will pass.
  • Carriers include land air and waterborne carriers.
  • Sue and labour charges are charges not recoverable under general average or salvage and are recoverable only under a policy that incorporates a sue and labour clause or in accordance with the wording of the policy such as under the "duty of the Assured" clause attached to a Marine policy. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Analyse the subject matter of insurance and the associated risks in a high risk, high value proposal. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The subject matter of a proposal is analysed in terms of the characteristics of the goods. 

    ASSESSMENT CRITERION 2 
    The risks associated with a specific cargo are analysed to determine the potential for damage and loss. 

    ASSESSMENT CRITERION 3 
    The risks associated with a valued policy are explained with examples. 

    SPECIFIC OUTCOME 2 
    Analyse the risk associated with different methods of transportation and selected routes in a cross border consignment. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Risks associated with weather systems, climatic factors and other geographical factors are analysed for a selected route and method of transportation. 

    ASSESSMENT CRITERION 2 
    Risks associated with infrastructure are analysed for a less developed and developed country. 

    ASSESSMENT CRITERION 3 
    Risks associated with different types of transport are analysed with reference to the suitability of the proposed mode and type of transport for the cargo and the route. 

    ASSESSMENT CRITERION 4 
    The political climate along a proposed route is analysed for a selected cargo with reference to war, strikes, riots and civil commotions and the associated effect on risk. 

    SPECIFIC OUTCOME 3 
    Apply knowledge of international conventions and codes to cross border transportation. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The application of general average, salvage, sue and labour is explained with examples. 

    ASSESSMENT CRITERION 2 
    The liabilities of carriers and bailees are explained with examples. 

    ASSESSMENT CRITERION 3 
    The Hague, Hague Visby and Hamburg Rules and Warsaw Convention and are explained with reference to their impact on cross border transportation. 

    SPECIFIC OUTCOME 4 
    Apply the risk management process to construct an insurance policy for a high value, high risk scenario. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The risk management process is applied to determine whether or not to accept a risk. 

    ASSESSMENT CRITERION 2 
    The Institute and Non-Institute Clauses applicable to a specific risk are selected in order to construct a policy. 

    ASSESSMENT CRITERION 3 
    A quote is produced for a high risk high value proposal. 

    ASSESSMENT CRITERION 4 
    A policy wording is drafted for a specific policy that is freely assignable. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing a candidate against this Unit Standard must be registered as an assessor with the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard must be accredited as a provider through the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines and the agreed ETQA procedures. 

  • 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 
    Learners are capable of identifying and solving problems in which responses show that responsible decisions using critical thinking have been made in applying the risk management process to construct a policy for a high risk high value scenario. 

    UNIT STANDARD CCFO COLLECTING 
    Learners are capable of collecting, organising and critically evaluating information in analysing risks associated with different methods of transport and producing a quote. 

    UNIT STANDARD CCFO COMMUNICATING 
    Learners are capable of communicating effectively in producing a policy wording and quote. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Learners are capable of demonstrating an understanding of the world as a set of related systems by recognising that problem-solving contexts do not exist in isolation in recognising the relationship between risks, routes, methods of transportation and goods. 

    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
    Elective  57918   National Certificate: Short Term Insurance  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  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.
     
    1. African Resources & Financial Training (Pty) Ltd 
    2. Invuya Institute of Learning (Pty) Ltd 
    3. Masifunde Training Centre (Pty) Ltd 
    4. Ripple Effect 4 (Pty) Ltd 



    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.