The wave time series recorded at “Draupner”, January 1, 1995 at 15:20 exhibits an unsymmetrical, freak wave event. The statistics of the peak event is studied within the framework of traditional non-Gaussian process models. Assuming that the sea surface is adequately described by (one of) commonly applied non-Gaussian wave models, the paper shows that the probability of occurrence of a freak event like the one observed at Draupner January 1995 is very low.

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