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: 

Assess insurance risks and formulate risk management policies and procedures for international trading companies 
SAQA US ID UNIT STANDARD TITLE
11265  Assess insurance risks and formulate risk management policies and procedures for international trading companies 
ORIGINATOR
SGB Procurement, Logistics and Supply Chain Mngt 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Procurement 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5  11 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2005-09-13  2007-11-28  SAQA 0160/05 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2008-11-28   2011-11-28  

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
252294  Formulate risk management policies and procedures for international trading companies  Level 5  Level TBA: Pre-2009 was L5  8   

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for the individual who is employed in, or is contemplating employment in, a function that includes the aspects of international trade that impinge risk management.

Individuals who are credited with this Unit Standard will be able to use 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. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
INTL3 Demonstrate an integrated understanding of the functional interrelationships in International Trade
FOR3 Interpret and apply information contained in INCOTERMS 

UNIT STANDARD RANGE 
The applied competency expressed in this standard cover a variety of familiar and unfamiliar processes requiring a range of responses based on informed judgment and reliant largely on the ability of the learner to analytically interpret and disseminate information, in order to achieve a desired outcome.

Competence includes the application of influencing and negotiation techniques, in the pursuit of the required result. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
The learner must demonstrate the ability to consider a range of options. 
OUTCOME NOTES 
The learner must demonstrate the ability to consider a range of options, make decisions about and evidence performance around each of the specific outcomes. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. Provide management with the information required to arrive at informed decisions aimed at managing the company's exposure to cargo transit risks. 

ASSESSMENT CRITERION 2 
2. Implement management's decisions pertaining to cargo risk through the negotiation and conclusion of cargo risk insurance policy contracts. 

ASSESSMENT CRITERION 3 
3. Advise management of the exposure of the company to commercial risks associated with international trade, and facilitate the formulation of policies and procedures for the control of these risks. 

ASSESSMENT CRITERION 4 
4. Implement policies and procedures aimed at reducing the company's commercial risks associated with international trade. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
1. Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.
2. Any institution offering learning that will enable achievement of this unit standard must be accredited by the relevant ETQA.
3. Moderation of assessment will be done by the relevant ETQA at its discretion. 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
ESSENTIAL EMBEDDED KNOWLEDGE:

The learners can understand, explain and apply:

1. The principles of Marine Insurance : Insurable interest, Subrogation, Utmost Good Faith, Indemnity
2. The concepts of General Average and Proximate Cause
3. The Institute Cargo Clauses applicable to the international trading company`s particular needs
4. The types of transit insurance : Facultative insurance, Open Marine Policies, Block policies
5. Marine cargo policy extensions
6. Preparation of declarations
7. Calculation and application of premiums
8. Claims documentation
9. Insurance documents and UCP 500 


Critical Cross-field Outcomes (CCFO): 

UNIT STANDARD CCFO IDENTIFYING 
1. Identify and solve problems in which responses display that responsible decisions, using critical thinking have been made, eg.
! Apply a knowledge of transit and commercial risk to arrive at solutions to problems connected with importing and exporting. 

UNIT STANDARD CCFO WORKING 
2. Work effectively with others as a member of a team, group, organisation or community,eg,
Appreciate that:
* since importing and exporting is practised in an international environment at the micro, meso and macro levels it operates in systems which are reliant on others and which address the processing of data,
* the processing systems approach as well as the productivity orientation of companies involved in international trade demands high levels of teamwork and the understanding, reaction and maintenance of team coherence and co- operation,
* the level of competency is largely dependent on the individual`s ability and capacity to operate effectively with peers, supervisors, internal and external customers. 

UNIT STANDARD CCFO ORGANISING 
3. Organise and manage oneself and one`s activities responsibly and effectively,eg,
! Prioritise and blend daily activities in such a way as to enable the working process to run effectively and efficiently. 

UNIT STANDARD CCFO COLLECTING 
4. Collect, analyse, organise and critically evaluate information,eg,
! Apply a knowledge and comprehension of transit and commercial risk to manage the exposure to these of an international trading operation in the commercial environment
! Collect and organise information received to arrive at rational decisions with regard to the administration of the international purchase of goods. 

UNIT STANDARD CCFO COMMUNICATING 
5. Communicate effectively using visual, mathematical, and/or language skills in the modes of written and/or oral presentation,eg,
! Identify from written material and verbal interaction the specific requirements and needs of the existing and potential clients, communicate the resulting outcome of each selection decision to the affected parties by written and oral persuasion. 

UNIT STANDARD ASSESSOR CRITERIA 
ASSESSMENT CRITERIA

A composite statement of outcomes which expresses applied competence in the particular component of practice

Outcomes will be judged by whether the learner can:
1. Apply a knowledge of the principles of transit insurance to evaluate the international trading company`s exposure to cargo risks and negotiate suitable insurance cover
2. Apply a knowledge of the principles of commercial risk management to formulate policies and procedures for the control of :
  • cargo risks,
  • risks associated with overseas supplier non performance
    and to administer these 
    		•

    UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 252294, which is "Formulate risk management policies and procedures for international trading companies", Level 5, 8 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  22444   National Diploma: Freight Forwarding  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2007-11-28  Was TETA until Last Date for Achievement 
    Elective  58473   National Diploma: Freight Handling Logistics  Level 5  NQF Level 05  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. Dee-Bravo Training Centre 
    3. Makwedeng Training 
    4. 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.