The U.K. Maritime and Coastguard Agency (MCA) has assumed a series of projects researching aspects of the stability of craft certificated under the IMO Code of Safety for High-Speed Craft (2000). Following recommendations by the High Speed Craft Advisory Group (an MCA consultative committee), proposals were submitted to the Research Board in 2002, and contracts have been awarded during the first few months of 2003. Project 501 is investigating the mechanics of raking damage of high-speed craft, taking into account hull material and scantlings, and the vessel’s displacement and speed. The objective is to determine scientifically the extent of damage that should be considered on such craft if a level of safety equivalent to conventional merchant shipping is to be attained.